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 Manipur government has lifted the mobile internet ban in four hill district headquarters, sec
India Meteorological Department (IMD) in its latest weather forecast said that there may be heavy
Finally, the most explosive talked about and popular reality show in the television industry 'Big
Anil Sharma is all set to enthrall the theaters with 'Gadar' once again along with Sunny Deol and
Lok Janshakti Party chief and newly elected MP from Hajipur Lok Sabha constituency Chirag Paswan
Japan's Foreign Minister Yoshimasa Hayashi will not attend the meeting of foreign ministers of G2
Harmanpreet Kaur shook the record books and set a record by scoring a century in England
Indian women's cricket team captain Harmanpreet Kaur created history by scoring a century against
Israeli Ambassador Naor Gilon posted in India was threatened with death by terrorists in November
Many jobs will be done now, Twitter stirred up by the decree of new boss Elon Musk
Elon Musk has hinted at layoffs just days after he took ownership of the social media platform Tw
RCB vs LSG Playing 11: Will Rahul enter as an impact player again? Topley may get a place in RCB
Lucknow Supergiants' regular captain KL Rahul took the field as an impact player in the last matc
