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According to the International Labour Organisation’s (ILO) Global Wage Report 2020 published earlier in December, formal sector workers in India witnessed a 3.6 percent fall in wages whereas the workers from the informal sector suffered a 22.6 percent wages cut. “Early data from national statistical offices show that around two thirds of countries for which […]

The Code on Wages Bill 2019 has become a topic of much chatter. The new rule states that the allowances cannot be more than 50 per cent of the total salary. That means, the basic pay has to be 50 per cent or more of the total pay. The rule will come into effect from

Labour and employment minister Santosh Gangwar on Wednesday said labour reform proposals will strike a balance between the interest of both the employers and the employees and will contribute to India’s self-reliance. While proposals such as universalisation of minimum wages and social security coverage would benefit workers; the reduction of compliance burden by way of

NEW DELHI: The government will soon set up three national boards to determine the minimum wages, social security parameters, and safety and health standards for workers under the new labour codes. The move is aimed at ensuring a smooth rollout of the four labour codes from the next financial year. Advisory boards will be set up for minimum wages

The proposed labour law code, as documented under the Code of Wages, 2019 not only overhauls the entire gamut of working standards but also brings some changes which can have lasting effects. As per the new code, if implemented, professionals putting in extra hours at work may come under the purview of overtime pay. And since the market