Demonetisation: Salary payments not to be in cash anymore

Cabinet clears executive order on Wednesday to allow business and industrial institutions to pay salaries through digital mode and cheques, reports PTI.

Some media reports say that a decision regarding the ordinance might be taken as early as today.

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"The government may bring an ordinance to amend Payment of Wage Act, 1936, to nudge employers of certain industries to make payment through electronic modes and cheques," a source told PTI on Tuesday.

The source further said, "The bill for the purpose was tabled in the Lok Sabha on December 15, 2016. It can be pushed for passage in the Budget session next year. Thus, instead of waiting for two more months, the government can issue the ordinance and later it will be passed in Parliament."

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