Cabinet nod for salaries by cheques

  • The Centre approved the promulgation of an ordinance on Wednesday to enable industries to pay wages by cheque or by direct credit into bank accounts of workers earning up to Rs. 18,000 a month, without taking their explicit consent as required under the present 1936 law.
  • The move assumes significance in the context of the government’s efforts to promote cashless transactions after its decision to scrap the old Rs. 500 and Rs. 1,000 currency notes.

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