The Code on Wages Bill to ensure minimum wage for all industries and workers, has already been approved by Finance Minister Arun Jaitley-led inter-ministerial panel on labour.
It seeks to empower the Centre to set a minimum wage across sectors, and states will have to adhere to that.
The proposed legislation would be benefitting more than 40 million employees across the country.
At present, laws on wages do not cover workers getting a monthly wage of more than Rs. 18,000 and the same is applicable on scheduled industries or establishments. Once the Bill concerned is approved, even workers getting monthly pay of higher than Rs. 18,000 would be legally entitled to a minimum wage and it will be applicable to to all classes of workers.