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.
Record rains lashed Chennai and its adjoining areas on Tuesday, leading to a flood-like situation
The Karnataka government has ordered all schools and colleges in the state to make the national a
Former Japan PM Shinzo Abe dies 6 hours after the attack; shot in rally
Former Japanese PM Shinzo Abe has died. During a rally in Nara town this morning, the assailant a
There are reports of a standoff in Maharashtra between the Eknath Shinde-led Shiv Sena faction an
The final four teams for the 2026 T20 World Cup have been finalized. India defeated the West Indi
Indian microblogging platform Koo seems to be benefiting from Elon Musk's purchase of Twitter. Ac
Tributes were paid to the country's first Chief of Defense Staff (CDS) General Bipin Rawat, who w
After going through a difficult time in her personal life, Indian women's cricket team opener Smr
Four mobile phone numbers threatening the 26/11 terror attacks, shared on the WhatsApp number of
Elon Musk On Taylor Swift: Elon Musk is kind to Taylor Swift. Due to this, he is continuously pos
