Code on Wages Bill, which according to the Centre will ensure statutory protection for minimum wages and timely payment of wages to approximately 50 crore workers of organized as well as unorganized sector, was passed in the Rajya Sabha.
It will be the first Code to become an Act out of the four Codes: Code on Wages; Industrial Relations; Social Security and Occupational Safety, Health and Working Conditions which Ministry of Labour and Employment has formulated.
Lok Sabha has already passed the bill on July 30, 2019. The Bill will become an Act after Presidential assent.
Speaking during the discussion in the Rajya Sabha the Minister of State (I/C) for Labour and Employment Santosh Kumar Gangwar said that Code on Wages is a historic bill which will ensure statutory protection for minimum wages and timely payment of wages to approximately 50 crore workers of organized as well as unorganized sector.
He further said, to do away with regional imbalances and wage variations, a floor wage will be determined by a Tripartite Committee.
The Committee will comprise of representatives of Trade Unions, Employers Organizations and State Governments. Committee can also form Technical Committee if required. Shri Gangwar said that Code on Wages will prove to be a milestone as it will promote respectful life to every worker of the country.