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Modi Government On Its Way To Amend 80-Year-Old Law To Make Cashless Salary Mandatory

Published on 23 December, 2016 at 2:51 am By

Thanks to Narendra Modi-led NDA government Demonetisation move, India drifted towards cashless economy.

Giving further push to the same, the government has approved the ordinance for paying wages via electronic means only, i.e., cheque or net banking.


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According to News18 report, the government approved to amend Section 6 of the Payment Of Wages Act. “The Union Cabinet today approved the ordinance route to amend the Payment of Wages Act, 1936, to allow employers of certain industries to make payment through the electronic mode and cheques,” a source said.

The new ordinance, which is yet to be passed in the parliament, will be applicable to public sector and the private sector will also come under the purview.



The government needs to get the ordinance passed in six months in the parliament as per the practice. According to reports, the government aims to check under-reporting of salaries, bring transparency in transactions and end exploitation of wage workers.

 


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However, the opposition has criticized the move saying it will create a problem for the employees as withdrawal from the banks is difficult.


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“Cashless society is not possible. Nothing can distract people from the fact that Prime Minister Narendra Modi and his government have failed. Government should trust people and they cannot move without proper infrastructure”, the Congress party said.

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