Proposal to Shift from “Minimum” to “Living” Wages

The Union Labour Ministry is currently mulling to shift from the “minimum wages” to “living wages” in a bid to bring more people from poverty in the country. What is a living wage? The term “living wage” is the theoretical ..

Month: Current Affairs - December, 2022

Category: Economy & Banking Current Affairs - 2024 • India Nation & States Current Affairs

Global Wage Report 2022-2023

The report titled the “Global Wage Report 2022-2023: The Impact of inflation and COVID-19 on wages and purchasing power” was released recently by the International Labour Organization (ILO). What are the key findings of the report? Global wages declined in ..

Month: Current Affairs - December, 2022

Category: Reports & Indexes Current Affairs

Government undecided on Minimum Wage

While the Rajya Sabha has passed the Wage Code Bill which aims to enforce a strict minimum wage limit for both the informal and formal sectors, the concerned Ministry (the Labour Ministry) has informed the house that the government to ..

Wage Code Bill

The Lok Sabha has approved the revised version of Code on Wages Bill which seeks to merge four labour laws related to wages, two of them dating back to 1936 and 1948. Features of the Bill The bill seeks to ..

CPI-M releases Manifesto for Lok Sabha elections

The CPI-M has proposed a stoppage of mass surveillance which promises to enforce the farmers right to sell their produce at a Minimum Support Price, which is at least 50 per cent higher than the total cost of production. The ..

ACTU report: Low wages bad impact on Australians

The Australian Council of Trade Union says that low wages has led to many Australians taking multiple jobs. The secondary jobs are acquired in healthcare, education and social assistance. The reason behind the situation is low wages in their primary ..