Govt. keen on implementing labour codes
The Hindu
It will result in reduction in take-home pay, higher provident fund liability of firms
The four labour codes are likely to see the light of day in a couple of months as the Centre is now keen on going ahead with the implementation of these laws, which, among others, will result in a reduction in the take-home pay of employees and a higher provident fund liability of companies. Once the wages code comes into force, there will be significant changes in the way basic pay and the provident fund of employees are calculated. The Labour Ministry had envisaged implementing the four codes on industrial relations, wages, social security and occupational health safety and working conditions from April 1, 2021.More Related News