If you are also employed then this news is for you. Yes, the scheme of four labor codes (Labor Code) is going to be implemented soon in the country. Then you will start getting 3 holidays each week. It was told by the Central Government that 90 percent of the states have prepared the draft rules of the Labor Code and they will be implemented soon. Union Labor Minister Bhupendra Yadav gave news about this. Yadav expressed hope that the four labor codes would be implemented soon.

After the implementation of the new wage code, there will be a change in the rules from salary, office timings to PF retirement. He said, the new law is to accommodate the changing ways of working in the labor sector and the need for a minimum wage. At the same time, the draft rules for the four codes of labor law have already been issued by the central government. The Union Minister said that the government is working to provide social security to the entire workforce in the country. That is why e-shram portal or national database of unorganized workers is being created. According to government estimates, there are about 38 crore workers in the unorganized sector in India.

Tell you what is going to change with the implementation of the new wage code? The new wage code proposes to increase the maximum working hours to 12 hours. It is divided according to the week in the ratio of 4-3. Means 4 days office, 3 days week off. It is proposed to give a break of 30 minutes to the employee after every 5 hours. The new wage code proposes to include extra work of 15 to 30 minutes in overtime by counting 30 minutes. At present, overtime is not considered to be less than 30 minutes. According to the new Wage Code Act, the basic salary of an employee cannot be less than 50 percent of the cost to company (CTC). After the implementation of the Wage Code, the take home salary of the employees will decrease. With the increase in PF, the contribution towards gratuity will also increase. Meaning the benefit of reduction of take home salary will be available on PF and retirement. The rules related to salary and bonus will change.

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