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.
On the occasion of Raksha Bandhan 2022, all women traveling in Haryana Roadways buses will once a
Google AI Update: Two Powerful AI Models Unveiled to Generate Photos and Videos Instantly
Google has expanded its generative AI portfolio by introducing two new AI models—Nano Banan
India will now tighten its grip on Bangladesh, a big report has come regarding the attack on Hindus.
India's attitude will be more strict against the interim government and head of the government Pr
The fifth and final match of the five-match Test series between India and England is being played
Increasing corona infection in many countries of the world including China has raised the concern
Astronaut and Group Captain Shubhanshu Shukla shared his experience in Delhi on Thursday after a
The 68th match of IPL 2024 between Royal Challengers Bangalore and Chennai Super Kings will be pl
The man who urinated on a woman on an Air India flight coming from New York has been arrested aft
Smriti Mandhana Net Worth. Indian women's team vice-captain Smriti Mandhana is celebrating her 28
India-Maldives Row: The objectionable remarks made on Prime Minister Narendra Modi and Indian cit
