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What is the new wage code? Here's how it will affect your salary, PF, pension, gratuity - Many changes have been made under this bill regarding holidays, salary and working hours of the employees.
Synopsis “Five states have notified rules across four codes and at least a dozen more are expected to notify soon,” a government official said. “The Centre is ready with rules in their domain and could notify all the rules across four codes in the next three-four months.” The labour ministry may notify the labour codes in the next three-four months, paving way for their implementation as it expects over 15 states to be ready with rules in their domain by that time. The implementation, however, could be partial as some of the provisions like the national floor-level minimum wage and g...
Thursday, July 1, 2021 In March 2021, the United States House of Representatives passed a pro-union bill, called Protecting the Right to Organize Act of 2021 (PRO Act). If enacted, the PRO Act shall amend several provisions of the National Labor Relations Act (NLRA) to provide new rights for labor unions and restrict certain existing rights for employers.[1] In India, the new labor codes are awaiting a notification on their effective date. Once effective, the labor codes introduce certain critical provisions in relation to labor unions (known as trade unions in India). Law in relati...
An economist decodes the reforms and rues the absence of effective consultations with trade unions on issues concerning workers and the economy
Labour Codes- 2020-Some Reflections Prof. (Dr.) D. Mukhopadhyay According to the classical economists, labour, in terms of importance of factors of production, comes next to capital. It is perhaps impossible to carry out any production of goods and generation of service without scientific intervention of labour in any economy. Even in highly automated production and distribution system, at least one human being is required to switch on and switch off the automotive machine. Possibly, its functional importance made Labour comes under the ambit of the Concurrent List of the Indian Constitution ...