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.
Before the completion of one year of war with Ukraine, Russian President Vladimir Putin announced
The Women's ODI World Cup has now reached its final stage, and the two teams that will face off f
Haryana Government has banned stone crushers in the area adjoining Delhi. The Haryana government
CBI Raids: New FIR in former NSE chief Chitra Ramakrishna case, CBI raids across the country
The CBI is conducting fresh raids across the country on the orders of the Ministry of Home Affair
During the hearing of the money laundering case in the Supreme Court, there was an indication of
The humid heat in the capital troubled people throughout the day. People looked miserable due to
The ED has moved the Delhi High Court against the trial court's order granting bail to Delhi CM A
Ayodhya remains in constant discussion. The grand ceremony of consecration of Ram temple attracte
The thrill of the Super Eight stage of the T20 World Cup will begin on Saturday with the first ma
The Pakistan squad for the 2026 T20 World Cup included players who were physically unfit. Among t
