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Big Change Coming Soon In Govt, Private Job Salaries! Minimum Wage Vs Living Wage, What Is The Difference?

There is a likelihood that your salary, especially if you are a fresher, would see a paradigm shift. As per the latest reports, the government is mulling replacing the minimum wage concept on employees' payroll and replacing it with living wages. ...

Expert Group On Fixation Of Minimum Wages To Give Early Report

The Central Government has constituted an Expert Group under the Chairmanship of Professor Ajit Mishra, a renowned economist, to provide technical inputs and recommendations on fixation of Minimum Wages and National Floor Wages to the Government. "The tenure of the Expert ...

Minimum Wage In India: Govt Sets Up Expert Panel To Determine Minimum Wage

The government has constituted an expert group led by Prof Ajit Mishra, that will give recommendations on fixation of minimum wages and national floor minimum wage. "The Ministry of Labour & Employment issued an order and has constituted the Expert Group ...

India’s Gig Workers Hit Hard by COVID-19

Flourish Ventures, a global fintech venture capital fund with investments across South Asia, has published the fourth country report in its fivepart series tracking the economic struggles of gig workers during the COVID-19 pandemic. The survey reveals that nearly 90% of ...

Govt Suggests 9-Hour Working Day In Its Draft On Wage Code Rules

The Ministry of Labour & Employment has suggested a nine-hour normal working day in its draft rules on wages code. The preliminary draft rule under Section 67 of the Code of Wages, 2019, was placed on the Ministry's website on Friday ...

Wage Code Bill Passed By The Lok Sabha Supports Labour Reforms

On Tuesday, the lower house of the Parliament passed the Wage Code Bill which will allow the central government to fix minimum statutory wage for the whole country and is expected to benefit 50 crore workers. Calling it a "historic step," ...

Union Budget 2018: First Time Women Employees' Contribution To EPF To Be Reduced To 8%

In the Budget 2018, FM Arun Jaitley proposes that all new employees who become the members of EPFO for the first time will be provided a contribution of 12% from the government. This means that the provision shall be exclusively applicable ...