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 cricketer Suresh Raina has reached the Enforcement Directorate office in Delhi. He
US President Joe Biden responded strongly to Russian President Vladimir Putin's statements on the
Arjun Tendulkar with England women's cricketer Daniel Waite for lunch in London - photo surfaced
Arjun Tendulkar and England women's cricketer Daniel Waite have a long friendship. The pictures o
The Sangharsh Samiti has called for a Katra shutdown on Wednesday against the ropeway being const
Due to the huge fall in the prices of crude oil in the international market in March, the expecta
Team India, captained by Rohit Sharma, is going to take the field once again just three days afte
Significant news is emerging from the Canadian province of British Columbia. Ten people, includin
Paris Olympics 2024 has been in the news for many reasons. From the controversy over 'The Last Su
Intensifying its attack on the Congress, the BJP on Monday accused Congress leaders of colluding
Mumbai Police has issued a third summons to stand-up comedian Kunal Kamra. He has been asked to a
