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Decoding the Wage Code

date_range

26-February-2020

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10.00 a.m - 05.00 a.m

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Park Central Hotel, Kaloor. Ernakulam

The Code on Wages Bill, 2019 was passed by the Lok Sabha on 30 July 2019 and by the Rajya Sabha on 02 August 2019. The Code intends to amalgamate, simplify and rationalise the relevant provisions of the following four Central Labour enactments relating to wages, namely:-

  • The Payment of Wages Act, 1936
  • The Minimum Wages Act, 1948 
  • The Payment of Bonus Act, 1965
  • The Equal Remuneration Act, 1976

Highlights of the Code include -

  • Definition of 'wages'
  • Separate definitions of 'worker' and 'employee'
  • Equal Remuneration
  • Changes with respect to minimum wages
  • Removal of threshold limit for triggering the application of payment of wages provisions
  • Definitions of 'contractor' and 'contract labour
  • Provisions relating to period and payment of wages
  • Changes with respect to payment of bonus
  • Increase in period of limitation for filing claims and filing of claims by trade unions
  • Provision for inspectors-cum-facilitators
  • Revamped provisions for offences and penalties