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Wednesday, February 8, 2017

Lok Sabha passes Wages Amendment Bill

New Delhi: The Lok Sabha on Tuesday passed the Payment of Wages (Amendment) Bill, 2017 which allows for digital payment of salaries or through cheque. The bill will now go to Rajya Sabha and following its passage in the upper House, the amendments will be notified.
The move will enable employers to pay wages of less than Rs 18,000 a month by cheque or digitally to bank accounts, besides in cash, by doing away with the requirement of employees' written consent for the same.
At present, wages can be given through cheque or transferred to a bank account only after a written authorisation from an employee. The Bill was introduced in the Lok Sabha on December 15, but it could not be taken up for discussion amid din over demonetisation.

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