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.
Young Kolkata Knight Riders batsman Rinku Singh has done what a cricketer can do in many years. H
Indian cricketer Akashdeep Singh was delivered a Fortuner vehicle without registration and a High
With the growing popularity of digital payments in India, many users now rely on multiple UPI app
The shoe-throwing incident at Chief Justice of India (CJI) B.R. Gavai has been a topic of constan
In Haryana, the voter turnout for 'Gaon ki Sarkar' was only 70%. In the Panchayat elections held
Anupam Kher On Leena Manimekalai: The atmosphere of the film Kaali is very hot. From social media
Relief Possible from Nepal's ₹100 Rule; Hope Rises at Indian Border Following MP's Initiative
Following recent political developments in Nepal—and the disputes and tightened customs reg
IndusInd Bank Shares Fall 6% Despite 72% Profit Jump; Here's Why Investors Turned Cautious
Private sector lender IndusInd Bank remained under selling pressure on Thursday even after report
In the match being played against Punjab Kings, Rajat Patidar's bat thundered from RCB
The fees for MA courses conducted at Pandit Deendayal Upadhyaya Rural Development Institute locat
