- These rules shall extend to the whole of India. The Code will subsume four labour laws i.e the Minimum Wages Act, Payment of Wages Act, Payment of Bonus Act, and Equal Remuneration Act.
- After its enactment, all these four Acts would be repealed. The Code universalized the provision of minimum wages and timely payment of wages to all employees irrespective of the sector and wage ceiling.
- At present, the provisions of both Minimum Wages Act and Payment of Wages Act apply to workers below a particular wage ceiling working in Scheduled Employments only.
- There are 12 definitions of wages in different labour laws leading to litigation besides difficulty in implementation. The definition has been simplified in the Code and is expected to reduce litigation and also reduce compliance costs for employers.
- Further, the draft rules provide for eight hours working day under the Code of Wages. The Code provides that the floor wage will be computed based on minimum living conditions which would benefit about 50 crore workers across the country.
- The draft rules on the Code would be open for public feedback for 45 days from July 7, 2019, the day when the labour ministry notified those in the gazette.
