National Minimum Wage
- On August 8, the President gave his assent to the Code on Wages, 2019, that had earlier been approved by Parliament. The Code, which replaces four laws---the Payment of Wages Act, 1936; the Minimum Wages Act, 1948; the Payment of Bonus Act, 1965; and the Equal Remuneration Act, 1976 — seeks to regulate wages and bonuses for all workers employed by any industry, trade, business or manufacturer.
- It raised the national minimum wage by Rs 2 to Rs 178 per day, despite an internal labour ministry committee recommending a much higher amount of Rs 375.
- The Code acknowledges that the aim in ....
