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Centre Defines Gig Workers, Set To Make Welfare Fund For Them: Union Labour Ministry

Centre Defines Gig Workers, Set To Make Welfare Fund For Them: Union Labour Ministry
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7th Pay Commission latest update: Here's why your take-home pay may reduce from April 2021 but Gratuity, PF component may rise


Highlights
Budget to go paperless this time.
Budget session will be held in two phases Jan 29 to Feb 15 and March 8 to April 8.
New Delhi: As millions of salaried individuals are eagerly waiting for Finance Minister Nirmala Sitharaman s Union Budget 2021 announcement, the government s notification on Code on Wages 2019 may reduce the take-home pay of employees next financial year ie, April 2021 while components like PF and Gratuity might rise.
A couple of months ago, the government notified draft rules under Code on Wages 2019, following which take-home pay of employees may be reduced from next financial year ie, April 2021 because the draft rule required companies to restructure their salary break up. ....

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