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.
After the success of the Chandrayaan-3 mission, the whole world is eagerly waiting for the inform
US: Proposal presented in the American state of Ohio to declare October as Hindu heritage month
An Indian-American MLA has resolved in the Ohio Senate to declare October as a 'Hindu Heritage Mo
India is set to take on England in the semi-finals. Both teams will once again face each other in
Prime Minister Narendra Modi's mother Heeraba is unwell. Hiraba was admitted to the UN Mehta Hosp
A day-and-night struggle continues in Ukraine to restore a power grid badly damaged by Russian mi
Shaktikant Das: RBI Governor said on the fall of rupee, we are adopting the policy of zero tolerance
Reserve Bank Governor Shaktikanta Das said on Friday that despite the fall, the rupee remains sta
If you are planning to build a new house and at the same time want to save long-term capital gain
On Tuesday, there was a clash between the prisoners in the number-9 of Tihar Jail located in the
The Saudi Arabian government has announced a big relief to the Indians coming to their country. T
It rained in many areas of Delhi-NCR on Wednesday. Due to this people got relief from the humid h
