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The proposed Code on Wages providing for these “pro- worker provisions” is likely to be placed before the Cabinet this month for approval so that it could be pushed for passage in the forthcoming Monsoon Session of Parliament, they said.
“The ministerial panel on labour issues headed by Finance Minister Arun Jaitley has already approved the Code on Wages. It has already been sent to the law ministry for vetting after which it would be placed before the Cabinet for approval,” a source said.
The labour ministry is keen to push the bill for passage in the next session of the Parliament expected to begin next month, he said.
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Besides, the minimum wage would be applicable on all classes of workers. At present, it is applicable for scheduled industries or establishments in the law.
Similarly, the universal minimum wage would be applicable for all workers irrespective of their pay. At present, the minimum wage rates fixed by the Centre and states are applicable to workers getting up to Rs 18,000 monthly pay.
The proposed Code on Wages will subsume the Minimum Wages Act of 1948, the Payment of Wages Act of 1936, the Payment of Bonus Act of 1965 and the Equal Remuneration Act of 1976.
The labour ministry is in the process of condensing 44 labour laws into four codes– wages, industrial relations, social security and safety, health and working conditions.
The ministerial panel is also deliberating upon the Code on Industrial Relations, which will subsume Industrial Disputes Act, 1947, the Trade Unions Act, 1926, and the Industrial Employment (Standing Orders) Act, 1946.