The govt has finally notified the Rules under the Code on
#Wages, 2019 under the new
#LabourCode. Key changes:
• Uniform framework for minimum wages, payment of wages, bonus & equal remuneration
• 8-hour work day and 48-hour weekly cap formalised
• Variable Dearness Allowance (VDA) to be revised twice a year based on inflation
• Digital compliance through portals, apps and electronic records
• Employers made responsible for wage & bonus payments even in contractor-led hiring models
• Standardised definitions for skilled, semi-skilled and unskilled workers
@NewIndianXpress @TNIEBiz
#LabourCodes #WagesCode #IndiaEconomy #GigWorkers #SocialSecurity