<h1>Code on Wages, 2019: Simplifies Wage Laws, Sets Minimum Wage Standards, Enables Digital Payments, Ensures Compliance and Grievance Redressal.</h1> The Code on Wages, 2019, aims to consolidate and simplify existing labor laws related to wages, including the Payment of Wages Act, Minimum Wages Act, Payment of Bonus Act, and Equal Remuneration Act. It applies to all employment sectors, allowing both central and state governments to set minimum wages based on various factors. The Code mandates timely wage payments and allows digital transactions. It introduces a floor wage to prevent states from setting wages below a central threshold and appoints Inspectors-cum-Facilitators to ensure compliance. The legislation also establishes mechanisms for grievance redressal and specifies penalties for non-compliance.