E-payment of wages: The government has also proposed to make wage payment primarily through electronic mode instead of cash payment.
Way Forward
The proposed law will be a great step towards regulating the service conditions for the contractual workers. The new provisions defining the liability of the different parties and e payment of wages are laudable steps.
But at the same time it must also be ensured that a fair balance is maintained between the rights of workers and ease of doing business.
Moreover the state government must be consulted on the proposed laws as the implementation of labour law is basically a domain of the state government.
The committee on corporate governance established by the Securities and Exchange Board of India (SEBI) under the chairmanship of Uday Kotak has submitted its report.
The panel was set up by SEBI in June this year with a view to enhancing the standards of corporate governance of listed entities in India.
