CURRENT AFFAIRS

Detailed explanation-1: -The Payment of Wages (Amendment) Bill, 2017 was introduced in Lok Sabha on February 3, 2017 by the Minister of Labour and Employment, Mr. Bandaru Dattatreya. The Bill amends the Payment of Wages Act, 1936.

Detailed explanation-2: -ACT 4 OF 1936 The Payment of Wages Bill, 1935 having been passed by the Legislative Assembly received its assent on 23rd April, 1936. It came on the Statute Book as THE PAYMENT OF WAGES ACT, 1936 (4 of 1936).

Detailed explanation-3: -Substituted by the Punjab Payment of Wages (Amendment) Act 2014 (VII of 2014) s. 4 and published in the Punjab Gazette, w.e.f.19.3. 2014, pages 2945-2946.

Detailed explanation-4: -Fixation of wage-periods.-(1) Every person responsible for the payment of wages under Section 3 shall fix periods (in this Act referred to as wage-periods) in respect of which such wages shall be payable. (2) No wage-period shall exceed one month.

Detailed explanation-5: -The salary limited fixed for eligibility purposes is Rs. 3, 500 per month and the payment is subject to the stipulation that the bonus payable to employees drawing wages or salary not exceeded to Rs. 10000 per month would be calculated as if their salary or wages is Rs. 3, 500 per month.