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.
Former Indian opener Gautam Gambhir has returned to Kolkata Knight Riders. Kolkata made a big ann
While the fluctuating weather continues in North India, the hilly states are witnessing snowfall.
US President Joe Biden arrives in Poland to meet NATO allies after Ukraine visit
US President Joe Biden visited Ukraine on 20 February. Here he met the President of Ukraine, Volo
RBI Repo Rate: RBI increased the repo rate by 0.35% to 6.25%, so your loan EMI will increase further
RBI Governor has announced to increase in the repo rate after the MPC meeting which lasted for th
England started the tour of Pakistan on a winning note, thanks to the precise bowling of left-arm
With Delhi's air quality slipping from the "very poor" to "severe" category, plying of BS-III pet
All the major intelligence agencies of the world including America, Britain, and Israel were trou
Earthquake tremors have occurred once again in Afghanistan. The intensity of the earthquake has b
Lok Sabha elections have started. All the political parties have entered the political arena to t
The 19th match of IPL 2024 will be played between Royal Challengers Bangalore and Rajasthan Royal