According to the Economic Survey 2019,India needs to have a mandatory national-level minimum wage to promote social justice and curb distress migration. At present,minimum wages are fixed on the basis of the skill level, geographical areas,nature of work.This has led to a proliferation of minimum wages making enforcement a challenging task. The Survey’s recommendations are… Continue reading Economic Survey 2019 big ideas: Rationalise minimum wages architecture
Tag: National Minimum wage
Cabinet approves Code on Wages Bill
The Union Cabinet has approved the Code on Wages Bill which seeks to subsume existing laws related to workers’ remuneration. The Code on Wages is one of the four codes that would subsume 44 labour laws.The four codes will deal with (a)wages (b)social security, (c)industrial safety and welfare and (d)industrial relations. The Code on Wages… Continue reading Cabinet approves Code on Wages Bill
Panel moots minimum wage of Rs. 375 per day
An Expert Committee on Determining the Methodology for Fixation of the National Minimum Wage, headed by Anoop Satpathy, has recommended setting the minimum wage at Rs 375 a day or Rs. 9,750 per month. The minimum wage has been fixed irrespective of sectors, skills, occupations and rural-urban locations for a family. The committee has proposed a… Continue reading Panel moots minimum wage of Rs. 375 per day
