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7th Pay Commission latest updates: How your salary, PF, gratuity will be affected from April 1 - If the new wage code gets implemented from April 1, 2021, you will not get more than 50 per cent of your net monthly salary in form of allowance.
Will new wage code hit your take-home pay? SECTIONS Share Synopsis Big-ticket components under analysis include a retrospective increase in liabilities for benefit plans, such as gratuity and leave encashment, particularly for organisations where the employee base is long-tenured. Getty Images Come April, you could see a restructuring of your salary package with a retrospective increase in gratuity and leave encashment provision impacting your take-home, and raising compensation costs for companies as the new wage code comes into effect. Companies, reeling under the Covid impact, are reviewi...
Synopsis The labour ministry had held first round of tripartite discussions on draft rules on Wage Code and Code on Industrial Relations in December. Next round of discussion on the Social Security Code and the Code on Occupational Safety Health and Working Conditions. The joint platform of 10 central trade unions will boycott the tripartite stakeholder meeting called by labour ministry on Tuesday saying it is a farce. Instead, the unions have demanded the government hold physical meeting with adequate time given to all stakeholders to discuss the draft Rules of the four labour codes. The l...
National Employment Policy roadmap likely by December: Labour Ministry Premium 2 min read . Updated: 10 Jan 2021, 11:16 AM IST PTI The Ministry of Labour and Employment is likely to give a shape to the National Employment Policy by December this year following the implementation of four labour codes and completion of four major surveys, including one migrant workers. Share Via Read Full Story The Ministry of Labour and Employment is likely to give a shape to the National Employment Policy (NEP) by December this year following the implementation of four labour codes and completion of four ma...
National Employment Policy to take shape by December, says Labour Bureau DG DS Negi The document is expected to aid employment generation in the country to a great extent, at a time when the government is grappling with the issue of job loss especially due to the pandemic Representational Image. Reuters New Delhi: The Ministry of Labour and Employment is likely to give a shape to the National Employment Policy (NEP) by December this year following the implementation of four labour codes and completion of four major surveys, inclu...