E-PaperLabour Code News
All you need to know about the new labour codes
Four new labour codes are likely to be implemented in 2022-23. With labour being a concurrent subject, states are in the process of pre-publishing draft rules for these reforms that will be a key driver of improving the ease of doing business in the country. Mint explains
2 min read27 Dec 2021Government set to implement four new labour codes by April
For the industrial relation (IR) code, almost half of the work is done, while work is progressing well for the wage code.
1 min read15 Oct 2020President Kovind gives assent to three labour codes
The Code on Social Security 2020, the Occupational Safety, Health and Working Condition Code 2020, and the Industrial relation Code 2020 has now been notified in the gazette following the presidential assent for public information
1 min read30 Sep 2020Govt allays apprehension over labour codes, says workers' rights not compromised
Govt said labour codes are aimed at expanding labour welfare measures not only to existing beneficiaries but also to more workers in the unorganised sectorThe workers’ rights such as notice before retrenchment, compensation at the rate of 15 days wages per completed year of service has not been compromised, says govt
7 min read28 Sep 2020PM Modi says labour codes futuristic and will boost to economic growth
The RSS affiliated national trade union Bharatiya Mazdoor Sangh too has openly expressed opposition for at least one labour code – the Industrial Relation CodeIndustries however, has welcomed, it as enabling that will boost investment and job creation
1 min read23 Sep 2020Centre eyes smooth passage of three labour codes in Parliament
The codes will offer flexibility to firms in hiring and also increase the threshold for layoffs by three timesCodes are centered around occupational safety and health, industrial relations, and social security
3 min read14 Sep 2020Bill to universalize social security, lower EPF contribution introduced in Lok Sabha
The Social Security Code Bill proposes universalisation of social security benefits, reduction of EPF monthly contribution by workers in select sectorsThe bill proposes to offer gratuity to fixed term employees after 1-year of service on a pro-rata basis as against the current practice of 5 years
1 min read11 Dec 2019Opinion | New Delhi warms up to labour market reforms
With the government set to replace old laws governing employer-employee ties, hopes have risen of a more flexible and recruitment-friendly job market. But we also need a safety net
2 min read2 Dec 2019Labour code bill introduced in Lok Sabha, likely to cheer industry
Bill seeks to improve the business climate by reducing compliance burden for companiesThe bill, when passed, will be called Industrial Relations Code, 2019, and shall extend to entire India
2 min read28 Nov 2019₹375 minimum wage plan junked as govt opts for ₹2 hike
The labour code on wages has a provision for a ‘mandatory national wage floor’, the minimum wage in other wordsStates cannot pay below this mandatory minimum wage floor, which will be set by the Centre when the wage code gets parliamentary approval
2 min read13 Jul 2019Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared