“The Standing Committee on Labour has finalised its report on the Code on Wages. We would push the bill for passage in the next session,” Gangwar told reporters at a FICCI event.
He also said the ministry had circulated the Code on Social Security for comments on its portal and it would be its endeavour to table the bill in the forthcoming session of Parliament.
The Wage Code will enable the Centre to set benchmark minimum wages for different regions across the country. The bill’s provision provides that states cannot set minimum wages below the benchmark set by the Centre.
The draft code on the bill was introduced in the Lok Sabha in August 2017. Thereafter, it was referred to the committee for scrutiny which is expected to submit its report in the Monsoon session.
The bill also seeks to combine Payment of Wages Act, 1936, the Minimum Wages Act, 1949, the Payment of Bonus Act, 1965, and the Equal Remuneration Act, 1976, into one code.
Source: Business Standard