The Code on Wages Bill

The Union Cabinet, on July 3, 2019, approved the Code on Wages Bill, which seeks to consolidate and amend the laws relating to wages and bonus in India. Once enacted, it will replace four existing labour laws i.e. (i) the Payment of Wages Act, 1936, (ii) the Minimum Wages Act, 1948, (iii) the Payment of Bonus Act, 1965, and (iv) the Equal Remuneration Act, 1976. The Code on Wages Bill has been passed by the Lok Sabha on July 30, 2019.