ENA Sectors 2017-02-08 05:57:27 <p><strong>New Delhi, Feb 8 (KNN)</strong> The Lok Sabha on Tuesday passed the Payment of Wages (Amendment) Bill after which the employers will soon be able to pay wages only via cheque or bank transfer.</p> <p>The Payment of Wages (Amendment) Bill is a part of governments ongoing drive to create a less-cash economy.</p> <p>Under the Payment of Wages Act 1936, employers can use cheque or bank transfers to pay wages only with written authorization from the employee.</p> <p>The amendment bill, once it becomes an Act, will replace the old legislation and allow employers to pay in cash, cheque or credit the amount directly to a bank account, even without a workers approval.</p> <p>The Bill would help the unorganized sector formalize and avail the social security benefits.</p> 16405 http://knnindia.co.in/news/newsdetails/sectors/lok-sabha-passes-payment-of-wages-amendment-bill 2017-02-08 05:57:27 knnindia.co.in