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India's Expert Committee on Minimum Wages – A Questionable Exercise?

The constitution of the committee, notwithstanding the technical expertise, will send adverse signals to the stakeholders that the government is simply biding time. ....

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Government forms expert group to provide recommendations on fixation of minimum wages

The expert group will be chaired by professor Ajit Mishra, director, Institute of Economic Growth and will have five members including DPS Negi of the labour ministry as member secretary of the group. ....

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Renewed salary structure from July! New Wage Code may be implemented, working hours, holidays likely to be affected

Highlights
Take-home pay may reduce.
PF and Gratuity might rise.
New Delhi: The discussion on the new Wages Code is yet again gaining steam with media reports stating that renewed salary structure will be implemented from July.
The new wage code was to be implemented from April 1, but the Ministry of Labour postponed it. Media reports said that if the same is implemented from July, then there can be a big change in the salary structure of the job seekers.
Take home pay to be affected
The government s notification on Code on Wages 2019 may reduce the take-home pay of employees next financial year ie, April 2021 while components like PF and Gratuity might rise. This is based on the grounds that the new wage code mentions provision entailing that the employee s basic salary will be at least 50 percent of his/her net monthly CTC. Hence, if this provision comes into effect, it will mean that employees will not be able to get more than 50 percent of his/her net ....

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Employees to get overtime salary for working 30 minutes extra in office, Modi govt's new rules in the offing?

Highlights
In hand pay to shrink.
PF, Gratuity components to be hiked.
New Delhi: Government employees may soon see several changes related to their work timing, pay structure, take-home salary, provident fund and gratuity. All these changes are likely to take place under the gamut of the Wage Code Bill.
Wage Code Bill (Code on Wages Bill 2019) was passed in Parliament in 2019. The government wanted to implement the rules in the new labor code from April 1, but had to defer it to allow more time to states to prepare and also to companies for changing their HR policy.
The new draft law proposes to increase the maximum working hours to 12. The draft rules of the OSCH code also provide that if an employee works additionally for 15 to 30 minutes, it will be counted as overtime by 30 minutes for which the employees will be paid extra. As per current rules, if an employee has worked less than 30 minutes, it is not considered overtime. The Draft rules also prohibit a ....

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Employees will have to work for 12 hours, take-home salary to be reduced, PF to be increased? Read latest updates here

Highlights
In hand pay to shrink.
PF, Gratuity components to be hiked.
New Delhi: Employees may soon see several changes in their work timing, pay structure, provident fund and gratuity. As per latest media reports the changes in pay structure will mean reduced pay while there will be hike in PF and gratuity portions.
Fresh media reports said employees Gratuity and provident fund (PF) will increase while their take home salary will decrease.
Under the new definition of wage, allowances will be a maximum of 50 percent of the total salary. Employees whose basic salary is already 50 per cent or more will not be affected. But those with basic salary less than 50 per cent will see a change in their take-home salary. Due to the increase in basic salary, the share towards PF will also increase, since it is calculated on the basis of basic salary. The new rules will likely affect the salary structure of high-paid employees with a high allowance component. Increasing P ....

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