#India

25 March 2024 New Delhi’s announced it’s intent to seek ILO’s help as India plans the shift from minimum wages to living wages system.

25 March 2024 New Delhi’s announced it’s intent to seek ILO’s help as India plans the shift from minimum wages to living wages system. Reports across print and digital media said; “India has sought technical assistance from the International Labour Organization (ILO) to help create a framework for estimating and operationalizing a living wage system, which it plans to replace the minimum wage with by 2025.”

The slogan “One Nation, One Tax, One Market” associated with the Goods and Services Tax (GST), replaced many indirect taxes levied by the state and central governments. The GST eliminated the cascading effect of taxes and brought uniformity to the tax structure across India.

The Code on Wages, 2019 (“Code”) codifies and amends the extant laws related to wages, bonus and remuneration encased to labour workforce in organised and unorganised sector of employment. Like its’ precursor ONOTOM, the new One Nation One Wage system aims to simplify the implementation, enforcement and harmonize the labour law regime in India.

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25 March 2024 New Delhi’s announced it’s intent to seek ILO’s help as India plans the shift from minimum wages to living wages system.

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25 March 2024 New Delhi’s announced it’s intent to seek ILO’s help as India plans the shift from minimum wages to living wages system.

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