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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.
Your take-home salary to decrease, PF to increase as new Labour Codes to come into effect soon - After the implementation of the codes, there will be a significant change in the way basic salary and provident fund (PF) of employees is calculated.
The labour ministry had envisaged implementing the four codes on industrial relations, wages, social security and occupational health safety & working conditions from April 1, 2021.
The constitution of the committee, notwithstanding the technical expertise, will send adverse signals to the stakeholders that the government is simply biding time.
The Centre has been reluctant to dilute the rules under the codes and industry sees interactions with states as an opportunity to drive home its concerns about rise in compliance cost after the implementation of the codes.