New Labour Codes: Government May âGrandfatherâ Gratuity Outgo - Exclusive
Jan 12 2021, 10:35 AM
January 12 2021, 8:13 AM
January 12 2021, 10:35 AM
The central government is set to make key changes to the new labour laws to soothe nerves after concerns were raised that some of the new provisions for computing wages and gratuity will bump up costs for corporations.The government plans to introduce grandfathering provisions under the Code on Wages Act, 2019 to ensure that the gratuity outgo for companies does not significantly rise after the new law comes into effect from the next.
The central government is set to make key changes to the new labour laws to soothe nerves after concerns were raised that some of the new provisions for computing wages and gratuity will bump up costs for corporations.
New Delhi, December 31
The Employees Provident Fund Organisation (EPFO) has retained 8.5 per cent interest rate on employees’ provident fund (EPF) for 2019-20 for its over 6 crore members, and
Union Labour Minister Santosh Kumar Gangwar. File
| Photo Credit: Ranjeet Kumar
Results of four separate surveys for migrant workers, domestic workers, employment generated by professionals, and the transport sector, by October 2021
Four separate surveys on migrant workers, domestic workers, employment generated by professionals, and the transport sector, would be started in March 2021 and completed by October, Labour and Employment Minister Santosh Kumar Gangwar said on Wednesday.
Mr. Gangwar was speaking at the release of a stamp commemorating the centenary of the Labour Bureau, which will carry out the surveys. A message by Prime Minister Narendra Modi was also played at the event, in which he said the four labour Codes being implemented by the government would protect the workers’ interest and lead to increasing productivity, a Labour Ministry statement said.