Wages Code News Today

Maharashtra: New Labour Codes aim to create litigation-free society and thus empower common citizens, says Union Min Bhupender Yadav

Indian Ministry of Labour and Employment delaying implementation of the new labour codes in India, with the current state of the labor codes being referred to Parliamentary Standing Committees for examination by the Upper House of the Parliament prior to enactment

Pending notification on the effective date of the labor codes, it remains to be seen whether the lacunae in rights between worker and employee classes of employed individuals are bridged using legislative tools or are treated as purposeful legislative discretions.

The ministry had finalised the rules under the four Labour codes. But these could not be implemented because many states were not in a position to notify rules under these codes in their jurisdiction.

Highlights Take-home pay may reduce. PF and Gratuity might rise. New Delhi: The discussion on the new Wages Code is yet again gaining steam with media reports stating that renewed salary structure will be implemented from July. The new wage code was to be implemented from April 1, but the Ministry of Labour postponed it. Media reports said that if the same is implemented from July, then there can be a big change in the salary structure of the job seekers. Take home pay to be affected The govern...

Synopsis The 50-share pack Nifty formed a big red candlestick formation on a daily chart as it erased the gains of the last 11 days. Nifty may be on the cusp of a reversal after the Nifty-50 snapped a six-session winning streak and tumbled more than 400 points on Monday, but analysts said they would wait for more evidence to confirm the same. Shutterstock.com Nifty futures on the Singapore Exchange traded 34.25 points, or 0.26 per cent, higher at 13,412, in signs that Dalal Street was headed fo...