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The constitution of the committee, notwithstanding the technical expertise, will send adverse signals to the stakeholders that the government is simply biding time.
The expert group will be chaired by professor Ajit Mishra, director, Institute of Economic Growth and will have five members including DPS Negi of the labour ministry as member secretary of the group.
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 government's notification on Code on Wages 2019 may reduce the take-home pay of employees next financial y...
Highlights In hand pay to shrink. PF, Gratuity components to be hiked. New Delhi: Government employees may soon see several changes related to their work timing, pay structure, take-home salary, provident fund and gratuity. All these changes are likely to take place under the gamut of the Wage Code Bill. Wage Code Bill (Code on Wages Bill 2019) was passed in Parliament in 2019. The government wanted to implement the rules in the new labor code from April 1, but had to defer it to allow more time to states to prepare and also to companies for changing their HR policy. The new draft law propose...
Highlights In hand pay to shrink. PF, Gratuity components to be hiked. New Delhi: Employees may soon see several changes in their work timing, pay structure, provident fund and gratuity. As per latest media reports the changes in pay structure will mean reduced pay while there will be hike in PF and gratuity portions. Fresh media reports said employees Gratuity and provident fund (PF) will increase while their take home salary will decrease. Under the new definition of wage, allowances will be a maximum of 50 percent of the total salary. Employees whose basic salary is already 50 per cent or ...