STA Law Firm has a team of settlement experts to represent secured creditors, debtors, trustees, equity holders and suppliers....
Read more informationCorporate Law Firm in UAE-& across MENA. Corporate Lawyers in Dubai...
Read more informationSTA Law firm has a dedicated team of franchise lawyers who advises and counsels the franchise arrangements, structuring franchise programs, franchise network and distribution. ...
Read more informationSTA - Expert Team of Commercial & Contracts Lawyers in Dubai & UAE...
Read more informationSTA Law Firm is one of the leading law firm in Banking and Finance, Capital Markets, DIFC, Compliance and Regulatory practices. ...
Read more informationContact our expert team of property lawyers in Dubai & across UAE....
Read more informationSTA Law Firm's team of employment lawyers in Dubai, Abu Dhabi and across UAE advise universities, engineering & shipping firms, banks, & other industries...
Read more informationIntellectual Property Law Firm. Patent, Trademark Registration UAE...
Read more informationTechnology & Media Law Firm in Dubai - Expert Lawyers...
Read more informationSTA has a dedicated team of fraud & criminal lawyers in Dubai & UAE...
Read more informationShipping Law Firm in Dubai | Offices - Middle East, Asia & Europe....
Read more informationMergers and Acquisitions Law Firm in Dubai and United Arab Emirates...
Read more informationIn today’s competitive business environment the mining industry is becoming a very attractive option for foreign investors. New projects are being launched, but we can appreciate that foreign investors will find the mining industry......
Read more informationSTA lawyers recognize that the healthcare industry comprises of a variety of individuals, professions, teams and organisations that may need our legal services. We have considerable knowledge and experience......
Read more informationClients rely on and trust STA's banking lawyers to take a timely, practical and individually tailored approach to meet specific requirements of our clients. ...
Read more informationInsurance Practice at STA - Expert Insurance Lawyers in Dubai & UAE...
Read more informationSTA is a leading technology and media law firm in Dubai & across UAE...
Read more informationHospitality Lawyers in UAE - Expert Advice to Hospitality Industry...
Read more informationSTA’s seasoned team of property lawyers in Dubai, Abu Dhabi and across the UAE have thorough and extensive knowledge and experience in dealing with construction and real estate law matters. Learn more about our expertise and our team of property lawyers...
Read more informationSTA's lawyers in UAE specialize in all areas of contentious as well as non-contentious discipline in oil and gas industry and advice on both upstream and downstream work. Consult one of our Senior Energy Lawyers in Dubai or other offices today!...
Read more informationCombining variety of practice disciplines to provide extensive advice and counsel to clients, STA’s FMCG practice represents companies in a broad range of industries including large scale franchisors, Fortune 250, and multinationals ...
Read more informationShipping and Maritime Law Firm - UAE, Middle East, Asia and Europe. Expert advice on ship building, ship fiance, sale and purchase, compliance, due diligence and more. Our lawyers advice on all types of vessel including bulk carriers, tankers, cruise ships, offshore rigs and support vessels....
Read more informationSTA's Team of Lawyers in Abu Dhabi, Bahrain, Doha, UAE, Luxembourg, Moscow, RAK, Sharjah, and Singapore. Find a Lawyer. ..
Read more informationIndia Introducing New Minimum Wage Regulation
Introduction
India is one of the most significant countries in the world. It has the second largest population of any nation, with over 1.3 billion individuals. Further to this, it is among the fastest-growing and largest economies in the world, currently at rank number six. It is poised to move up those ranks in the coming years.
However, the country is also one which is still developing in terms of its economy and even its regulations. It has a low GDP per capita compared to the other top global economies, and there are further matters to consider, including the high levels of corruption.
Progress, though, is one area which is not lacking, as is evident from the rapid economic growth. The regulations and systems in place are continually being evolved and added to and updated. One area which has recently seen a change is that of the Labour Law and the concept of the minimum wage. Regulations have arisen in the past, though a significant change is on the horizon.
New Minimum Wage Regulation
A minimum wage has existed in India for some time now. The rate is Rs 176 per day, though this is not a strict amount. Authorities may choose lower rates for specific regions, and around six have done so; considering the hundreds of millions of individuals affected working in the nation, the new regulation is set to arrive soon.
The Indian parliament has just recently passed the law to introduce a new fairer minimum wage system which hopes to deliver living wages to all. All sectors are covered, including those who previously weren’t required to follow the Rs 176 minimum.
Exact details about the new minimum wage are yet to be announced, though the news will receive a warm welcome by the millions around the nation it will help.