Bill to allow cashless payment of salaries

With the government focusing on cashless transactions post demonetisation, a bill seeking to allow business and industrial establishments to pay salaries through cheques or by using electronic means, was introduced in the Lok Sabha on Thursday.

Once passed by the Parliament, The Payment of Wages (Amendment) Bill, 2016 will amend Section 6 of the principal Act to enable employers to pay wages to their employees through cheques or by crediting it to their bank accounts electronically.

The Bill was introduced by Labour Minister Bandaru Dattatreya amid din over demonetisation issue.

Business Standard New Delhi,16th December 2016

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