Bill to fix minimum wage for unorganised sector introduced in Lok Sabha

The govt. has introduced The Code on Wages Bill in Lok Sabha that seeks to fix a national minimum wage for all categories of over 40 crore unorganised sector workers and provide a fixed timeline for their payment – in some cases only through electronic means or cheque. Highlights The Read More …

Amended Banking Regulation Bill gets Rajya Sabha nod

The Rajya Sabha has passed the Banking Regulation (Amendment) Bill, which empowers the RBI to issue instructions to the banks to act against major defaulters. The Banking Regulation (Amendment) Bill, 2017 was introduced in Lok Sabha on July 24, 2017. The Bill will replace the Banking Regulation (Amendment) Ordinance, 2017. Read More …