The Union ministry of labour and employment may implement the new labour codes July 1 this year, according to a report. The central government has been working on designing the four new labour codes, under which there will be significant changes in terms of an employee’s salary, his or her PF contributions and work hours. As per reports, the central government under Prime Minister Narendra Modi is trying to implement the labour codes as soon as possible. However, it will need at least three months to come into effect as all states have not prepared the rules yet.
The central government is likely to implement the four new labour codes on wages, social security, industrial relations and occupation safety, health and working conditions, within three months from now.
What is Going to Change?
Under the new labour laws, one major thing that is likely to be implemented is the change in workdays. Once the new rule comes into effect, companies will be able to make employees work for four days instead of five, and there will be three week offs. However, there is a catch to it. Employees will need to work for 12 hours a day instead of eight, since work hours will not get reduced.
Another major change that this is going to bring in is that the ratio of the take home salary and the employees and employer’s contribution in provident fund. As per the provision of the new codes, the basic salary of the employee will have to be 50 per cent of the gross salary. While this will mean that PF...
In January of 2026, the U.S. Department of Justice reported a record-breaking year for False Claims Act recoveries, with the vast majority related to healthcare. What the DOJ report does not captu...