New Labor Code: Modi government is going to bring a new labor law. If it came into effect from 1st July (July 1, 2022), then only four days of work would have to be done in a week. At the same time, your PF contribution will also increase. But after the implementation of this rule, the in-hand salary will be reduced. Let us know what will change after the implementation of the new labor law?
Three days off in a week!
For a long time, there was a demand that there should be three days off in a week. After the implementation of the new labor law, only 4 days of work will have to be done in a week. But the working hours in the day will be increased from 9 to 12. If the company implements a 12-hour work shift, then it will have to give three days off to the employees. That is, employees will have to work 48 hours a week. Let us tell you, in the 12-hour shift, the employees will get half an hour of leave twice a day.
How will the implementation of the new labor law affect your pocket?
According to the new labor code, the total salary of the employee should be 50% or more of the basic salary. If this happens then your PF contribution will increase. This will result in huge savings for the employees. At the same time, in hand salary will be reduced. However, after the implementation of the new labor code, the pension amount will also increase. Apart from this, there may also be an increase in medical insurance, and incentives.
Let us tell you, earlier it was to be implemented on October 1, 2021, only. But then because of the assembly elections of 5 states, the central government did not implement it. In such a situation, it is believed that the government can implement it from July 1. However, all these are still speculations. No announcement has been made by the government regarding its implementation.
A controversial incident has come to light amid increasing cases of atrocities on minority Hindus
Vivek Ramaswamy, the Republican presidential candidate in America, has said today that America is
India said at the United Nations that efforts to ban its perpetrators and conspirators in the pas
Punjab Kings and RCB are to face each other in the final of IPL 2025. Meanwhile, radio jockey tur
General elections are near Nepal. In such a situation, political parties are putting their full s
Union Home and Cooperation Minister Amit Shah reached Gangtok in Sikkim on Friday. Hundreds of pe
Airtel 5G Plus launched in this hill town, and JIO has launched in so many cities so far
5G Service in India: Airtel has started its 5G service in a hill city in India. Now people in ano
Tensions flared between the Trinamool Congress and the BJP in Kolkata, West Bengal, on Thursday n
The Modi government is preparing to present the first budget of its new term. This is the first b
The Southwest Monsoon has hit Mumbai and Delhi simultaneously. This has happened for the first ti
