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7th Pay Commission: DA hike, salary, PF, gratuity contribution - Latest updates - The new wage code proposed by Modi government has the provision to have the employee's basic salary at 50 per cent of one's net monthly CTC.
New Labour Codes May Allow 4-day Work Week But With Longer Hours FOLLOW US ON: The Union Ministry of Labour and Employment is working to roll out new labour codes, where it proposes flexibility to companies to reduce the number of working days to four days a week and provide free medical check-ups to workers through state insurance. However, the cap on working hours of 48 hours per week will remain sacrosanct. Companies will have to give three days’ of paid leaves and 12 hours of work per day to their employees with the consent of the workers, said Labour and Employment Secretary Apurva Ch...
Labour Ministry to finalise rules under 4 codes by this week to make reforms a reality soon Besides, the ministry is also progressing to roll out a web portal by June 2021 for registration and other facilities of workers in the unorganised sector, including gig and platform workers and migrant workers as enshrined in her budget speech this year by Finance Minister Nirmala Sitharaman. PTI Source: Reuters The Ministry of Labour and Employment is likely to complete the process to finalise the rules under the four labour codes paving the way for making...
The labour ministry had envisaged implementing the four labour codes from April 1 this year in one go.