In an effort to advance the paperless economy following demonetization, the Central Cabinet recently adopted a legislation allowing for electronic wage payments. As a result, the government approved the amendment of Section 6 of the Payment of Wages Act 1936, enabling businesses in some industries to accept electronic payment methods in addition to checks. The public sector will be covered by the new regulation What are the different aspects of the business environment that are relevant to the above case

Understanding Business
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Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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In an effort to advance the paperless economy following demonetization, the Central Cabinet recently adopted a legislation allowing for electronic wage payments. As a result, the government approved the amendment of Section 6 of the Payment of Wages Act 1936, enabling businesses in some industries to accept electronic payment methods in addition to checks. The public sector will be covered by the new regulation

What are the different aspects of the business environment that are relevant to the above case

 

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