The Bill subsumes four labour laws -- Minimum Wages Act, Payment of Wages Act, Payment of Bonus Act and Equal Remuneration Act
It contains numerous positive elements, such as introduction of a statutory national floor-level minimum wage for the first time in India, but it has missed an opportunity to do more
Overhaul in salary structures of private sector firms on cards
The critical external debt indicators reflect that India's external debt is not unsustainable
Dealing with the causes of rural distress
Considering a worker works for 26 days a month, the minimum monthly wage came to Rs 9,750
A bench of Chief Justice Ranjan Gogoi and S K Kaul asked the activist to approach authorities concerned for the relief
The government also notified that salaries of employees should be credited to their bank accounts
The govt would constitute an advisory board to fix the National Minimum Wages for employees and such wages differ and vary sectorally as well as regionally across India
Minimum wages for skilled labour was fixed at Rs 16,182
Congratulations to T N Ninan for writing the relevant and thought-provoking piece, "The minimum wage temptation" (September 17), on the proposal for implementing a steep increase in minimum wages across the country. Ninan analyses the various implications such an increase could have on the labour market and the Indian economy, with appropriate examples of coir and paddy from Kerala.If one looks at the Indian economy, it has a sophisticated workforce in sectors such as pharmaceuticals, information technology, etc. They draw much more than the proposed minimum wages at one end and the millions of workers working in small and medium-scale industries that cater to large core sector units of steel, cement, coal, power, etc on the other. Industries in all these sectors have been facing challenges.While the debt burden of large companies in core sectors has attracted media attention, what has been ignored are the huge payables of these units to their suppliers belonging to the small and medi