Employees will now get relief at work, Modi government is changing working hours and retirement rules from April 1
From 1 April 2021, your graduation, PF and working hours may change. The employee’s graduation and provident fund items will increase. There, the money in hand will decrease. Even the balance sheet of the companies will be affected. This is because the three Labor Code Bills (Code on Wage Bill) passed in Parliament last year are likely to come into force from April 1 this year.
Under the new definition of wages, the allowance will be a maximum of 50% of the total salary. This means that the basic salary (basic salary and inflation allowance in government jobs) should be 50% or more of the total salary from April. It will be the first time in the country’s 73-year history that labor laws have been amended in this way. The government claims that it will be beneficial for both the employer and the worker.
Proposed to change working hours from 12 hours
The new draft law proposes to increase the maximum working hours to 12 hours. The draft rules of the OSH Code also propose to include more work between 15 and 30 minutes in overtime multiplied by 30 minutes. Under the current rule, less than 30 minutes of overtime is not considered appropriate. The draft rules prohibit any employee from working more than 5 hours. Also included is a draft of instructions to give employees half an hour of rest every five hours.