
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.
Mission 2024: Telangana CM KCR on Bihar tour, will meet CM Nitish to discuss national agenda
Telangana Chief Minister K Chandrashekhar Rao today left for Bihar's capital Patna to provide fin
Waves 2025: Shahrukh Khan impressed by PM Modi's initiative, praised it on social media
Bollywood King Shah Rukh Khan was seen supporting Prime Minister Narendra Modi's vision for the m
The weather pattern has changed rapidly in the last few hours in the country. Apart from Delhi-NC
GDP: GDP size may increase by 22 lakh crores, fiscal deficit will also increase by 3.3 lakh crores
Due to an increase in revenue collection and expenditure, the size of GDP can increase by Rs 22 l
The foundations of Mexico's dangerous drug empire finally shook where no one expected. After elud
5G spectrum: Auction of 5G spectrum on July 26, Adani group will also participate
The auction of the 5G spectrum will be held on July 26. The last date for applications to partici
Italy's first right-wing prime minister, Giorgia Meloni, has been embroiled in controversy just t
Telugu superstar Pawan Kalyan has given a big gift to his fans. Actually, the first glimpse of hi
In the second T20 against the West Indies, the Indian team faced a two-wicket defeat in a thrilli
The impact of Cyclone Montha is being felt along the coastal areas of Tamil Nadu, Andhra Pradesh,