The minimum wages in India varies from one state to another state. Each state has its own policy in implementing minimum wages. In order to bring uniformity in wages of Indian employees The labour ministry of central government is going to announce the universal minimum wage Code bill 2017. The central government is going to announce universal wage code bill in coming monsoon session at parliament. Here you can get complete clarification on what is universal wage code bill 2017.
What Is Universal Wage Code Bill
The universal minimum wage code bill 2017 will hold acts such as Minimum wages act 1948, The payment Of Wages Act 1936, The Payment Of Bonus Act 1965 and Equal Remuneration Act 1976. This will bring more transparency and it will become easy to monitor wage system in India.
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The Universal Wage Code Bill is also applicable to the employees who are getting a salary of more than 18000 Rs. As per minimum wage policies of various state governments the minimum wage rates are applicable to the employees whose salary is less than 18000 Rs only.
The universal wage code bill will be applicable to the all classes of workers, at present the minimum wages are applicable to the scheduled employments and establishments in the law.
The ministerial panel of labour issues headed by finance minister of India Sri Arun Jaitley has already approved this universal code on wage bill, now they are planning to get approval from union cabinet in coming monsoon session of parliament which is going to be held in the month of July 2017.
If any state government wishes to pay higher minimum wages fixed by the central government as per universal minimum wage code bill 2017 then they can pay that high amount as per their wish.