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Cabinet approves minimum wage code bill by integrating four labour laws
The Union Cabinet n Wednesday approved the new wage code bill which will ensure a minimum wage across all sectors by integrating four labour related laws. New Delhi: The Union Cabinet on Wednesday approved the new wage code bill which will ensure a minimum wage across all sectors by integrating four labour related laws. The Labour Code on Wages Bill will consolidate the Minimum Wages Act, 1948; the Payment of Wages Act, 1936; the Payment of Bonus Act, 1965; and the Equal Remuneration Act, 1976, sources said. This would ensure a universal minimum wage for all industries and workers, including those getting monthly pay higher than Rs 18,000, according to senior officials.

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Why New Wage Code May Result in Lower Take Home Salary for Employees Next Year












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