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Uniform Minimum Wages
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Center will pass bill for minimum wages Union Minister of State for Labour and Employment Bandaru Dattatreya says it will benefit 40 crore employees in organized sector with uniform wage Hints at hiking the salary limit from Rs 15,000 to Rs 25,000 to ensure ESI benefits Tirupati: Center will introduce a bill in the ensuing Parliament session for approval of providing a uniform minimum wages to 40 crore employees engaged in the country, said Union Minister of State for Labour and Employment Bandaru Dattatreya. He said this after inspecting the Rs 110 crore regional ESI hospital which is coming up Tirupati, on Saturday, the Union Minister said the bill proposed to hike and ensure uniform minimum wage to all the unorganised sector employees for their welfare. He averred "If necessary, the government will bring an ordinance to implement a national level uniform minimum wage and welfare measures for the unorganized sector employees" ...
The Payment of Bonus (Amendment) Bill, 2015
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The Payment of Bonus (Amendment) Bill, 2015 Is only approved by Union Cabinet. Now the bill will be tabled in Parliament for approval in its winter session. The Cabinet on Wednesday decided to double the wage ceiling for calculating bonus to Rs 7,000 per month for factory workers and establishments with 20 or more workers. The Payment of Bonus (Amendment) Bill, 2015 to enhance the monthly bonus calculation ceiling to Rs 7,000 per month from existing Rs 3,500 was approved by Union Cabinet here The amendment bill will be made effective from April 1, 2015. Now the bill will be tabled in Parliament for approvalThe bill also seeks to enhance the eligibility limit for payment of bonus from the salary or wage of an employee from Rs 10,000 per month to Rs 21,000. The Payment of Bonus Act 1965 is applicable to every factory and other establishment in which 20 or more persons are employed on any day during an accounting year. The bill also provides for...