
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.
The Supreme Court recently said that education should not be made a business. But on Wednesday, a
The first day of the new year saw a severe cold wave in North India. Meanwhile, Mumbai, the capit
Finance Minister Nirmala Sitharaman has defined Budget 2025-26 as a budget by the people, of the
Home Minister Amit Shah will hold an election rally today in favor of Bharatiya Janata Party
Manipur: Three killed in fresh violence in Manipur, militants attack village
In the latest incident of violence in Manipur, three people have died. According to media reports
Railways are preparing to run hydrogen trains this year itself. Talking to the media after the bu
Famous Telugu cinema actor Fish Venkat, aka Venkat Raja, died on July 18. Fish Venkat was sufferi
IND vs ENG: 'I forgot what my position is...', why did KL Rahul say this after his century?
The Indian team performed brilliantly on the fourth day of the Headingley Test. Especially the pa
Delhi Police is working day and night in the Shraddha Walker murder case. For the third consecuti
In the case of the death of software engineer Yuvraj due to drowning in Sector-150 of Noida, Grea