Labour reforms to be delayed

     Written by : SMTV24x7 | Mon, Dec 04, 2017, 03:34 PM

Labour reforms to be delayed

New Delhi Dec 4: A labor reform proposed by the government would likely be deferred as the Lok Sabha Speaker Sumitra Mahajan has extended the timeline for the presentation of a report on 'The wages code' bill by the parliamentary panel on labor.

An official notification issued has stated that "Speaker, Lok Sabha has granted an extension of time to the Standing Committee on Labour for the presentation of the report on 'Code on Wages Bill, 2017 as introduced in the Lok Sabha, up to the first week of the budget session next year".

The bill was introduced in Loksabha on August 10 and was later referred to the standing committee on labor later that month to submit its report in three months.

The bill subsumes four existing Laws - the Minimum Wages Act 1948, the Payment of Wages Act, 1936, the Payment of Bonus Act, 1965, and the Equal Remuneration Act, 1976, removing the multiplicity of definitions and authorities leading to ease of compliance.

The bill is a part of labor reforms proposed to simplify labor laws and to ensure that all 44 laws into 4 different codes.