Friday, November 22, 2024

Four-day work week, change in salary: All about new labour codes in FY 2022-23

These changes in the labour code will have a significant impact on working hours, take-home salary and PF contribution. The Centre has already finalised the rules under these codes and now states are required to frame regulations on their part as labour is a concurrent subject. 

A four-day work week might soon become a reality for the working class in India. 

These changes in the labour code will have a significant impact on working hours, take-home salary and PF contribution. The Centre has already finalised the rules under these codes and now states are required to frame regulations on their part as labour is a concurrent subject. 

The Central Government is likely to implement the four new labour codes by the next fiscal year. The four new codes are on wages, social security, industrial relations and occupation safety, health and working conditions,  a report  in the Deccan Chronicle says.

ADVERTISEMENT

A senior government official has been quoted by PTI saying, “The four labour codes are likely to be implemented in the next financial year of 2022-23 as a large number of states have finalised draft rules on these. 

The Centre has completed the process of finalising the draft rules on these codes in February 2021. But since labour is a concurrent subject, the Centre wants the states to implement these as well in one go.”

 

Once the new codes are implemented, there will be a change in a number of aspects relating to work culture and employment in the country. These changes will have a significant impact on working hours, take-home salary and PF contribution.

Reportedly, once the new codes have been implemented, there would be a reduction in the take-home salary of the employees as there would be a provident fund contributing. 

It is also likely that with the implementation of the four-day work week, the employees will have to work for 12 hours a day for these 4 days. The labour ministry has specifically said that the requirement of a 48-hour weekly work is compulsory.

 

Once the new codes are implemented, there will be a change in a number of aspects relating to work culture and employment in the country. These changes will have a significant impact on working hours, take-home salary and PF contribution.

This news has come days after the United Arab Emirates became the first country in the world to implement a four and a half-day working week for all government employees.

At Least 13 states have pre-published draft rules on these laws. According to PTI, the Centre has already finalised the rules under these codes and now states are required to frame regulations on their part as labour is a concurrent subject.

The central government is pursuing the matter with the remaining state governments to frame the rules under all four Codes.

 

As per Union Labour Minister Bhupender Yadav’s reply in Rajya Sabha, draft rules have been pre-published by 24 states on The Code on Wages.

They are Madhya Pradesh, Bihar, Uttarakhand, Karnataka, Uttar Pradesh, Gujarat, Odisha, Punjab, Chhattisgarh, Tripura, Rajasthan, Jharkhand, Arunachal Pradesh, Himachal Pradesh, Haryana, Maharashtra, Goa, Mizoram, Telangana, Assam, Manipur, UTs of Jammu and Kashmir, Puducherry and GNCT of Delhi.

Similarly, the 20 states which have pre-published draft rules on The Industrial Relations Code are Madhya Pradesh, Bihar, Uttarakhand, Uttar Pradesh, Gujarat, Odisha, Punjab, Chhattisgarh, Tripura, Karnataka, Jharkhand, Arunachal Pradesh, Haryana, Himachal Pradesh, Telangana, Manipur, Assam, Goa, UTs of Jammu and Kashmir and Puducherry.

 

As many as 18 states have pre-published draft rules on The Code on Social Security and as many as 13 states have pre-published draft rules on The Occupational Safety, Health and Working Conditions Code. 

 

************************************************************************

Readers

These are extraordinary times. All of us have to rely on high-impact, trustworthy journalism. And this is especially true of the Indian Diaspora. Members of the Indian community overseas cannot be fed with inaccurate news.

Pravasi Samwad is a venture that has no shareholders. It is the result of an impassioned initiative of a handful of Indian journalists spread around the world.  We have taken the small step forward with the pledge to provide news with accuracy, free from political and commercial influence. Our aim is to keep you, our readers, informed about developments at ‘home’ and across the world that affect you.

Please help us to keep our journalism independent and free.

In these difficult times, to run a news website requires finances. While every contribution, big or small, will makes a difference, we request our readers to put us in touch with advertisers worldwide. It will be a great help.

For more information: pravasisamwad00@gmail.com

David Solomon
David Solomon
(For over four decades, David Solomon’s insightful stories about people, places, animals –in fact almost anything and everything in India and abroad – as a journalist and traveler, continue to engross, thrill, and delight people like sparkling wine. Photography is his passion.)

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

EDITOR'S CHOICE