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.
Shreyas Iyer once again failed to score big in the second Test match against England in Visakhapa
Dhoni accuses IPS of contempt of court: Reached court in match-fixing case
Former Indian cricket team captain Mahendra Singh Dhoni has filed a petition in the Madras High C
University education for girls has been completely banned in Afghanistan. A day later, Higher Edu
Nearly eight decades after the founding of the United Nations, almost all countries are agreeing
A major order by the Supreme Court before Diwali, green firecrackers allowed in Delhi-NCR
Ahead of Diwali, the Supreme Court issued a significant order regarding green firecrackers in Del
A flood-like situation has arisen after a cloud burst in Singtam, Sikkim. State Chief Minister Pr
The US will provide $600 million in additional military aid to Ukraine. The State Department gave
Surprising reactions on mentioning Sanatan-Hindu are sad, Vice President Dhankhar said in JNU.
Vice President Jagdeep Dhankhar said that it is ironic and sad that in India, the mention of Hind
7.5 kg heroin, pistol, and cartridges have been recovered from India-Pakistan International Borde
The National Investigation Agency (NIA) has taken major action on Tuesday morning. The National I
