CURRENT AFFAIRS

Detailed explanation-1: -Union Minister for Labour and Employment Bhupender Yadav earlier this month said almost all states have prepared draft rules on the four labour codes and the new rules will be implemented at an appropriate time.

Detailed explanation-2: -The Code on Wages, 2019, has been notified on 08 August 2019, and the provisions of the Payment of Wages Act, 1936, the Minimum Wages Act, 1948, the Payment of Bonus Act, 1965 and the Equal Remuneration Act, 1976, have been rationalised and subsumed therein.

Detailed explanation-3: -A tripartite Committee Viz., “The Committee on Fair Wage” was set up in 1948 to provide guidelines for wage structures in the country.