Page 3 - New Labour Code News Today

Northlines Transformer develops snag third time in one month Jahangeer Ganaie Pulwama, Apr 20 (KNO): The residents of Panzgam village of Awantipora area in South Kashmir are reeling under darkness as the areas transformer has developed technical snag for the third time in the last one month. Locals from Herpora Panzgam said that they are reeling under darkness in the holy month of Ramadan as transformer got damaged third time in a month. They said that amid the closure of schools t...

New Labour Laws: Big news for employees regarding overtime After the completion of working hours, if an employee works for even 15 more minutes, the company will have to pay for it. File photo Updated: Feb 15, 2021, 07:36 AM IST The Ministry of Labor is preparing to implement the new Labor Law in the next financial year. The process is underway to finalize it. After the new laws are implemented, a round of improved rules will start in the countrys labour market. A...

Synopsis Parliament had passed four codes on four broad codes on wages, industrial relations, social security and occupational safety health & working conditions (OSH) which would ultimately rationalise 44 central labour laws. The Code on Wages was passed by Parliament in 2019 while the three other codes got clearance from both the Houses in 2020. How will the new labour codes impact you? Key provisions decoded NEW DELHI: The Ministry of Labour and Employment has finalised rules under the four ...

New code of wages: Your provident fund and gratuity components are set to rise But if your salary is over Rs 15,000 the new Code of Wages may not materially impact your salary December 21, 2020 / 08:08 PM IST Your provident fund (PF) component and gratuity pay-out are set to increase once the new code of wages gets implemented from April 1, 2021. This is because the definition of ‘wages,’ based on which employers deduct provident fund contributions, will now be standardised as per the ne...