REGULATORY UPDATE: MINISTRY OF LABOUR AND EMPLOYMENT-PAYMENT OF WAGES OF CONTRACTUAL WORKERS IN BANK ACCOUNTS

The Ministry of Labor and Employment vide notification dated 5th September, 2017 amended Rule 69 of the Contract Labor (Regulation and Abolition) Central Rules, 1971.

Highlights:

  • Wages to workmen can also be made via payment in their bank accounts, in addition to payment in current coin or currency payment mechanism.
  • The Government has reserved the right to identify establishments wherein payment must be made only by cheque or crediting the workmen’s’ bank account. This will bring about transparency in the payment of wages to the workmen and act as a watch for any deviations from the payment of minimum wages.

Source:

http://www.labour.nic.in/sites/default/files/final%20notification%20published_0.pdf

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