THE CENTRAL GOVT PASSED THE NEW RULE FOR WORKERS BY SEPTEMBER
In this new rules Modi Govt Giving Guaranteed Salary On time to fixed hours.
Narendra Modi government at the Centre is recently likely to implement the rules for code on wages 2019 by September this same year.
The Union ministry of Labour has put up the draft rules Issued on July 7 in the Official Gazette. It will remain Open for public feedback for 45 days and then implemented if there is no issue, PTI reported today. The code was approved by the parliament in August last year.
The new wage code is expected to benefit about 50 Crore Workers in the country.
The code on wages Bill, 2019 has amended and consolidated laws relating to wages, bonus and related matters. After enactment, the Code would subsume for Labour laws- Minimum Wages Act, payment of Wages Act, payment of Bonus Act and Equal Remuneration Act.
Key Points of the Code On Wages Draft Rules:
1. Guaranteed Minimum Pay And Timely Payment Of Salary To Workers.
The code on wages has universalised the provision of minimum wages and timely payment of wages to the all employees of the irrespective sector and wage ceiling. The code seeks to address the problems related to delay in the employees payment of wages in private sector. It would also ensure that there should be no discrimination in any genders as well as transgenders in getting payment of wages.
2. WORKING HOURS
As per the draft rules, eight hours working day would be mandatory under the code of wages. There is no change in the working hours provision as provided under the Factory Act. it was earlier expected that the government may increase work hours because at present time due to Covid-19 impact on the economy.
3. FLOOR WAGE CALCULATION
As per the draft rules, the floor wage will be computed based on minimum living conditions, benefiting about 50 Crore workers across the country.
The draft rules say that a Central advisory board would fix the floor-level minimum wages while taking into account the minimum living standard including the food,clothing, housing and any other factors considered by the government.
Through this implementation of the Govt. The economical condition of all employee specially who working in private sector they will feel some stress free because at this present situation due to the Coronavirus our Country economy is not well at this time So, The Central Govt decided to some changes in the draft of Labour laws Act payment of Wages.
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