Earlier, there was talk of implementing the new labor code in April 2022, but it could not be implemented.
New Labor Codes: The month of July can bring a big change for the employed people in India. According to sources, 4 labor codes, which have been in cold storage for a long time in the country, may cdome into force from July this year. Union Labor Minister Bhupendra Yadav said on Wednesday that 90 percent of the states have prepared draft rules regarding four labor partners and they will be implemented soon. Talking to reporters, Yadav said that 90 percent of the states have already issued draft rules regarding labor colleagues.
Earlier, there was talk of implementing the new labor code in April 2022, but it could not be implemented. May be implemented in July this year before the Gujarat elections. This new law is actually to accommodate the changing ways of working in the labor sector and the need for a minimum wage.
4 What are labor codes
The Union Ministry of Labor and Employment had finalized 4 labor codes in 2021 itself, bringing changes to the existing labor laws. The ministry has amalgamated 44 types of old labor laws into four comprehensive codes. These 4 labor codes include the Wage/Wage Code, the Code on Industrial Relations, the Work-Specific Safety Code, the Code on Health and Working Conditions (OSH), and the Social and Occupational Safety Code.
3 days off in a week
It is being told that the government has prepared these new labor codes on the basis of internationally prevailing laws. On implementation of these, the employees will have to work for four days a week and the rest will get three days off. But there will also be a price to be paid for it. Actually, this rule says that to work 4 days a week, the worker has to work 48 hours every week. That is, only after working for 12 hours, you will get 3 days off.
125 hours of overtime
According to the new rules, additional hours of overtime will be available for working 48 hours a week. According to the new rule, no more than 125 hours of overtime can be given in 3 months. Apart from this, the employer has to give a break to the employee after every 5 hours.
Take-home salary may decrease
Under the new labor law, the share of basic pay in the total salary has been increased to 50 percent. That is, the allowances you get cannot exceed 50 percent of the total salary. In such a situation, your basic salary will increase as well as your PF contribution will also increase. In such a situation, you take your salary or say that the amount is deposited in your account. But gratuity, pension, and contribution of both employee and company to PF will increase. That means saving for the future will increase.
