1. What is Wage Code bill and how it can be the biggest gift from Narendra Modi government to all working professionals

What is Wage Code bill and how it can be the biggest gift from Narendra Modi government to all working professionals

Wage code: PM Narendra Modi led Union Cabinet is expected to approve the code on wages which proposes making minimum wages a statutory right for all employees.

By: | Updated: July 26, 2017 7:57 PM
wage code, wage code bill, wage code, wage code india, wage code 2017, narendra modi, Code on Wages Bill, Code for Wages, Wage code: After a big bonanza of 7th Pay Commission on allowances for over 48 lakh Central government employees recently, another good news may come on Wednesday.

After a big bonanza of 7th Pay Commission on allowances for over 48 lakh Central government employees recently, another good news may come on Wednesday as PM Narendra Modi led Union Cabinet is expected to approve the code on wages which proposes making minimum wages a statutory right for all employees. According to a labour ministry source, the code will then be tabled in the ensuing monsoon session of Parliament. Now, let’s understand what this wage code is all about and how it will benefit all the working professionals of various industries in the country.

– Code on Wages Bill: The Code would ensure universal minimum wage for all industries and workers. Moreover, it will also cover those workers who are getting a monthly pay of higher than Rs 18,000.

– The Code on Wages Bill seeks to empower the Centre to set a minimum wage across sectors and states will have to maintain that.

– Moreover, the best part is that states will be able to provide for higher minimum wage in their jurisdiction than fixed by the Central government.

– Besides, the minimum wage would be applicable on all classes of workers. At present, it is applicable for scheduled industries or establishments in the law.

– The universal minimum wage would be applicable for all workers irrespective of their pay.

– As of now, minimum wages are now applicable to 51 scheduled employments only. Now, the wage code amalgamates the provisions of four extant Acts — the Minimum Wages Act, 1948, The Payment of Wages Act, 1936, The Payment of Bonus Act, 1965, and the Equal Remuneration Act, 1976. It means the wage code aims at reducing disparity in minimum wages across states. This means the proposed Code on Wages will subsume the Minimum Wages Act of 1948, the Payment of Wages Act of 1936, the Payment of Bonus Act of 1965 and the Equal Remuneration Act of 1976.

– The wage code will empower the Centre to notify a ‘national minimum wage’ (below which no state can fix their minimum wages) and this will be revised every two years (five years if the dearness allowance becomes part of the minimum wages).

Noteworthy, the ministerial panel on labour issues headed by Finance Minister Arun Jaitley has already approved the Code on Wages. The ministry is in the process of getting the draft law approved by the Union Cabinet.

  1. P
    Pankaj Das
    Aug 3, 2017 at 9:05 am
    Who is getting already more than 18000 they will get benefits of this bill ( I mean bank employee who is getting ry more than 18000 gross but less than 18000 in basic
    Reply
    1. S
      S.K.Pathak
      Jul 14, 2017 at 4:22 pm
      i think it will not implemented because if so , its not too late by govt. and also no information about this because Wednessday 12.07.2017 but not information has come till now
      Reply
      1. J
        jeyabarathi
        Jul 13, 2017 at 5:18 pm
        Is there any pension code for EPF pensioners?
        Reply
        1. S
          S.K.Pathak
          Jul 13, 2017 at 11:36 am
          Hope this will also effected for Private sector , worker or Labour working in under contractors of a private firm in any state should comply this rule also
          Reply
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            Niranjan Behera
            Jul 13, 2017 at 11:29 am
            60 years of Congress govt. never think such a way, but MODI sab (India GOD) can do these kind of thinking in to practical. Thanking you.
            Reply
            1. R
              Raj
              Jul 14, 2017 at 11:25 am
              If you dig more, hundreds of such reforms are made in different sections of government functions without publicity during non-BJP time. All such reforms are part of the govt machinary as time and situation demands. All these are from the top babus sitting in policy making body. I still remember PM Modi had suggested CSIR scien sts to organise reality show like SareGaMaPa from where pick top scientists from school level. Such understanding from PM chair brings only shame on the chair. Bass one good thing is that he usually does not deny when right thinking babus bring reform in front of him.
              Reply
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              Ganesh Chinnappan
              Jul 13, 2017 at 10:28 am
              In 15 years of rule by Dr.manmohan singh govt (cong) nerver think about us. During their regime govt.files moved to their residence through buroucrates. Only PM Modi sir think such a way.
              Reply
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                Ganesh Chinnappan
                Jul 13, 2017 at 9:37 am
                15 years of Manmohanji govt. never think such a way. Only our PM Modi Sir can do these kind of thinking in to practical.
                Reply
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                  Rahul Ashok
                  Jul 13, 2017 at 12:26 am
                  Much needed reforms.. Thank you BJP sarkar
                  Reply
                  1. G
                    Ganesh
                    Jul 12, 2017 at 11:39 pm
                    Hope universal Wage bill bene ed to lower class people who still working with 7-10,000 category. Thanks To Namo Govt.
                    Reply
                    1. J
                      JN
                      Jul 12, 2017 at 9:50 pm
                      This is awesome ! Hope people from opposition dont create fake protests for higher mad wages and risk automation
                      Reply
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