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Finance - How the new labour code will impact you financially While offering salaries in the private sector the employers generally restrict the component of basic salary to bare minimum to keep its minimum its own contribution for employee provident fund (EPF) as well as payment of gratuity when the employee leaves the employment. The balance pa...
Read MoreFinance - The article is about the New Labour Codes 2020 passed by the Parliament and assented by the Hon’ble President of India. The article contains few important highlights of the three new labour codes and it gives a gist about how the new labour codes will revamp the existing labour laws and its benefits to the […]...
Read MoreFinance - Introduction From the early stages of our ruling government, our hon’ble Prime Minister Mr. Narendra Modi emphasizing on ‘Labour Law Reforms’ & ‘Ease Of Doing Business’. Actually these two terms are interrelated with each other, as we are going to make reforms in our Labour Laws it will significantly impact o...
Read MoreFinance - Parliament has passed the three labour code bills – 1. The Occupational Safety, Health and Working Conditions Code, 2020; 2. The Industrial Relations Code, 2020; 3. the Code on Social Security, 2020 The bill merges 24 central labour laws in a major boost to labour reforms. This article covers the Occupational Safety, Health and Working ...
Read MoreFinance - Guidance on Payment of Bonus Act, 1965 R/w Payment of Bonus Rules, 1975 An Act to provide for the payment of bonus to persons employed in certain establishments on the basis of profits or on the basis of production or productivity and for matters connected therewith. 1. Application of the Act: It shall apply to; […]...
Read MoreFinance - The 3 bills which were passed in the Lok Sabha today are (i) Industrial Relations Code, 2020 (ii) Code on Occupational Safety, Health & Working Conditions Code, 2020 & (iii) Social Security Code, 2020....
Read MoreFinance - Shri Santosh Gangwar today introduced three Labour Codes in the Lok Sabha heralding the path of game changing labour welfare reforms in the country. These bills are (i) Industrial Relations Code, 2020, (ii) Code on Occupational Safety, Health & Working Conditions Bill, 2020 (iii) Social Security Code, 2020. ...
Read MoreFinance - The Government is in the process of consulting various stake holders and is yet to take a final decision on the proposal for amending the Minimum Wages Act, 1948 and fixing a statutory National Floor Level Minimum Wage....
Read MoreFinance - Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 statutorily applies to employees getting wages upto Rs. 6500/- in respect of scheduled establishments employing 20 or more workers. State-wise details are given at Annexure.The mechanism to regulate and monitor the implementation of Labour Laws is incorporated in respect...
Read MoreFinance - In the Payment of Gratuity Act, 1972 (39 of 1972) (hereinafter referred to as ‘the principal Act’), in section 2, for clause (e), the following clause shall be substituted, namely:—‘(e) “employee” means any person (other than an apprentice) who is employed for wages, whether the terms of such employment are express or implied...
Read MoreGujarat Mazdoor Sabha & Anr. Vs. The State of Gujarat (Supreme Court of India) - Gujarat Mazdoor Sabha & Anr. Vs. The State of Gujarat (Supreme Court) Facts- The Gujarat Government, on 17th April 2020, issued a notification under section 5 exempting all the factories from various provisions relating to weekly hours, daily hours, intervals for rest etc. for adult workers duri...
Read MoreAsha Ram Suryavanshi Vs Chhattisgarh Gramin Bank (Chhattisgarh High Court) - Asha Ram Suryavanshi Vs Chhattisgarh Gramin Bank (Chhattisgarh High Court) There is a clear distinction between the term ‘Resignation’ and ‘Voluntary Retirement’. The reasons in the application for voluntary retirement cannot be construed by the management of it being an appl...
Read MoreKarur Vysya Bank RetireesVs DCL (Madras High Court) - Let us discuss the provisions of the Trade Unions Act 1926. It is pertinent to note here that section 4 of the Act says any seven or more members of a trade union can apply for registration of a Trade Union by subscribing their names in the Trade Union Rules and by otherwise complying with the pr...
Read MorePawan Hans Limited & Ors. Vs Aviation Karmachari Sanghatana (Supreme Court) - Pawan Hans Limited & Ors. Vs Aviation Karmachari Sanghatana (Supreme Court) Members of the Respondent Union have been in continuous employment with the Company for long periods of time. They have been receiving wages/salary directly from the Company without the involvement of any contractor si...
Read MoreG.S.R. 713 (E). - (13/11/2020) - The following Draft Code on Social Security (Central) Rules, 2020, which the Central Government proposes to make in exercise of the powers conferred by sections 154, 155 and 158 of the Code on Social Security, 2020 (36 of 2020) read with section 24 of the General Clauses Act, 1897 (10 of 1897) and i...
Read MoreNotification No.7/18/2020-LA - (29/09/2020) - Goa increases threshold of applicability of Contract Labour Act from 20 to 50 and provides for compounding of offences. Any offence punishable under sub-sections (1) and (2) of section 22 and section 24 may, either before or after the institution of the prosecution, on an application by the alleged ...
Read MoreBill No. 120 of 2020 - (19/09/2020) - Industrial Relations Code, 2020 was introduced in Lok Sabha on 19th September 2020 vide Bill No. 120 of 2020. Industrial Relations Code, 2020 is expected to to consolidate and amend the laws relating to Trade Unions, conditions of employment in industrial establishment or undertaking, investigation ...
Read MoreBill No. 121 of 2020 - (19/09/2020) - Code on Social Security, 2020 was introduced in Lok Sabha on 19th September 2020 vide Bill No. 121 of 2020 to withdraw the pending Code on Social Security, 2019 and to propose a fresh Bill, namely, the Code on Social Security, 2020. Code on Social Security, 2020 is expected to to amend and consolida...
Read MoreG.S.R. 432(E) - (07/07/2020) - (1) These rules may be called the Code on Wages (Central) Rules, 2020. (2)They extend to the whole of India. (3) They shall come into force after the date of their final publication in the Official Gazette, on the date of the commencement of the Code on Wages, 2019 (29 of 2019)....
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G.S.R. 713 (E). - (13/11/2020) -
Gujarat Mazdoor Sabha & Anr. Vs. The State of Gujarat (Supreme Court of India) -
Notification No.7/18/2020-LA - (29/09/2020) -
