New Labour Laws from July 1: Key changes in working hours, salary, PF, leaves
New labour laws will have implications on wages, pension, gratuity, labour welfare, health, safety and working conditions, including that of women.
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New labour laws will have implications on wages, pension, gratuity, labour welfare, health, safety and working conditions, including that of women.
Only 23 states have pre-published the draft rules for the new labour laws which will be implemented by the Centre on July 1.
Labour Codes lay down an array of reforms relating to wages, social security (pension, gratuity), labour welfare, health, safety, working conditions.
In October 2020, the Bharatiya Janata Party-controlled Parliament had, in a tearing hurry, passed the remaining three labour codes— the Industrial Relations Code, Code on Social Security, and Code on Occupational Safety, Health and Working Conditions Code. The versions of these codes tabled before the Parliament were never put out in the public domain for comments. The codes
New Labour Code: Salary, PF, gratuity, working hours likely to change from October 1 - Details here - According to the draft labour law which is likely to come into effect from Oct 1, basic pay of the employees will be 50% or more of the total salary.