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.
Gold Price Today: Gold Up ₹5,580 in 6 Days to ₹1.48 Lakh; Silver Hits ₹2.26 Lakh
Gold and silver prices rose sharply on August 6, with both precious metals recording significant
From ₹1 to ₹40, Then ₹15—Now This Jewellery Stock Is Surging Again After Major Order Announcement
A small-cap jewellery and diamond stock has once again grabbed investors' attention after securin
Gold and silver prices moved higher on July 21, extending the volatility seen in the precious met
Talks have been going on between India and America for a long time on a trade deal. However, now
Team India's picture was a super hit in the final match of Asia Cup 2023. In the title match, Roh
West Bengal CM Mamata Banerjee has given a controversial statement on Mahakumbh 2025. She said, "
Shoaib Akhtar has already made this prediction regarding the India-Pakistan T20 World Cup match
Former Pakistan fast bowler Shoaib Akhtar has already predicted India vs Pakistan T20 World Cup m
The entire bureaucracy is busy preparing the budget of Haryana for the year 2025-26. While Chief
India on Tuesday said that it is concerned about the status of the Zaporizhzhya Nuclear Power Pla
The whole country is preparing for celebrations on New Year's Eve. In such a situation, security
