Introduction
The Government of India remains committed to promoting equality and social justice through inclusive policies and programmes that uplift all sections of the society. The Ministry of Labour and Employment aims to enhance employment opportunities in a sustainable manner by providing decent working conditions and quality of life.
The second National Commission on Labour had recommended that the existing Labour Laws should be broadly grouped into four or five Labour Codes on functional basis. Consequently, the Code on Wages, 2019 is one of the four codes of the labour laws that has been enacted. The Code on Wages, 2019 is a step to advance equity and labour welfare while ensuring enterprise sustainability. It standardizes definitions of key terms and streamlines procedures, reducing ambiguity and ensuring faster, time bound justice for employers. The bigger aim of the labour reforms is to drive economic growth through generation of decent employment opportunities for all.
The Code on Wages, 2019: Laws Subsumed
The Code on Wages, 2019, amalgamates 4 wages and payment related labour laws viz. The Payment of Wages Act, 1936, The Minimum Wages Act, 1948, The Payment of Bonus Act, 1965 and The Equal Remuneration Act, 1976. It strikes a balance between protecting the rights of workers and facilitating ease of compliance for employers. The Code introduces key reforms to streamline and strengthen labour regulation.
The Code safeguards employee interests through fair...
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