– 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).
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