CURRENT AFFAIRS

Detailed explanation-1: -The expert group announced on Thursday has been constituted for a period of three years and is chaired by Ajit Mishra, Director, Institute of Economic Growth.

Detailed explanation-2: -Notes: The expert group on minimum wages and national-floor wages has been reconstituted under economist and statistician SP Mukherjee. He replaces the previous head Ajit Mishra. The group has been constituted for a term of three years.

Detailed explanation-3: -The expert group will provide its recommendations by looking into the best international practices and evolve a methodology and scientific criteria for the fixation of wages. The government has constituted the expert group chaired by Prof. Ajit Mishra, Director, Institute of Economic Growth, for three years.

Detailed explanation-4: -The Code on Wages, 2019 was introduced in Lok Sabha by the Minister of Labour, Mr. Santosh Gangwar on July 23, 2019. It seeks to regulate wage and bonus payments in all employments where any industry, trade, business, or manufacture is carried out.

Detailed explanation-5: -Code on Wages, 2019 (No. 29 of 2019). Abstract/Citation: The Wage Code consolidates the provisions of four labour laws concerning wage and bonus payments and makes universal the provisions for minimum wages and timely payment of wages for all workers in India.