NEW DELHI: The government will soon set up three national boards to determine the minimum wages, social security parameters, and safety and health standards for workers under the new labour codes. The move is aimed at ensuring a smooth rollout of the four labour codes from the next financial year. Advisory boards will be set up for minimum wages […]
The proposed labour law code, as documented under the Code of Wages, 2019 not only overhauls the entire gamut of working standards but also brings some changes which can have lasting effects. As per the new code, if implemented, professionals putting in extra hours at work may come under the purview of overtime pay. And since the market
Overtime Pay For Managerial Staff: What Do Law & Senior Professionals Have To Say Read More »
The four labour codes subsume 29 legislations. The purpose of each of these regulations was varied and hence the definition of wages under many of these regulations was also different. The codes are aimed at unification, simplification, and consolidation of these regulations, and hence have a common approach, which includes having a uniform definition of
New Wage Code: How Your Salary Structure Will Change Read More »
The government has come out with a new and universal definition of ‘wages’ to bring in parity amongst the four new Labour Codes as against the varied definitions under the extant laws. The new Labour Codes are likely to be effective from April 1, 2021. According to tax experts, one of the most pertinent amendment
How The New Wage Rules Will Impact Salaried Persons Read More »
Professionals working extra hours may have something to cheer for in the new labour codes as the new law, if implemented in its entirety, would widen the purview of overtime pay to include all employees, including managerial staff. Not only that, the compensation for overtime should be at least twice that of the employees’ regular pay, as per the
Labor Code: Overtime Pay For White-Collar, Managerial Employees Read More »
NEW DELHI: After pushing the four labour codes through parliament, the Centre is set to identify state labour laws that are in conflict with them. The objective is to ensure that the reforms brought about by the codes are not undone by local laws and accordingly, states will be asked to modify or do away with them. The government
States May Be Nudged To Modify Laws In Line With labor Codes Read More »
The government has issued the Draft Rules on Social Security Code (SSC) on November 13, 2020. While the government’s uncharacteristic proactiveness in rewriting the labour laws is heartening, the output leaves a lot to be desired. The rules suffer from lack of clarity, poor drafting, gender bias and even violates its mother-instrument, i.e. SSC at least
Social Security Code Draft Rules, 2020: Is it Inclusive and Representative? [Part 1] Read More »
The Labour Ministry has proposed maximum 12 working hours in a day inclusive of intervals under the draft rules on Occupational Safety, Health and Working Conditions (OSH) Code 2020 passed earlier this year by Parliament. However, the weekly working hours limit has been fixed at 48 hours (six days X eight hours, with one weekly
OSH Code: Labour Ministry Proposes 12 Working Hours Read More »
Workers in the gig economy will have to constantly update their details on a web portal in a bid to avail social security benefits, even as gig firms will have to submit contribution towards a fund through self-assessment, according to draft labour rules published by the Central government. The Code on Social Security (Central) Rules,
Gig Workers Need To Register And Update Info: Social Security Draft Rules Read More »
