Page 10 - Industrial Relations Code News Today : Breaking News, Live Updates & Top Stories | Vimarsana

New Delhi, Jan 18: President Droupadi Murmu has delegated two fresh powers to administrators and Lieutenant Governor of six Union Territories (UTs) under the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 to formulate the rules where required. As per two separate notifications issued by the Ministry of Home Affairs, administrators and the Lieutenant Governors of Union Territories of Delhi, Andaman and Nicobar Islands, Dadra and Nagar Haveli and Daman and Diu, Chandigarh, Puducherry […]

NEW DELHI, Dec 27:  Expanding the social security coverage for unorganised workers and pursuing states to make rules for labour codes will be the key priorities for the government in 2023, as efforts continue to strengthen the country’s labour market. With India set to host G-20 leaders’ summit for the first time next year, the Union labour ministry will also pursue key employment-related agenda touching upon global skill gaps, gig and platform economy, sustainable financing of social security schemes and […]

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The central government has notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.

If it is agreed upon that Allowances cannot be more than 50% in salary, then take home salary will be less and investment in Provident Fund (PF) will increase. The industry believes the new wage code is expected to increase the burden in the short term. Therefore, the industry should get 2-3 months to implement the new rules.