New Labour Codes to Change Salary Structure and Benefits
Summary - The Indian government has introduced new labour codes which are set to alter the salary structures and benefits for employees in the country. The changes include reducing the allowances portion of the salary to 50% and increasing the basic pay.
Opinion:
- This could potentially increase the social security benefits of employees as contributions to EPF and gratuity are calculated on the basis of basic pay. However, it may also lead to a decrease in the take-home salary.
URL - https://www.business-standard.com/ar...2100679_1.html
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Increase in Women's Participation in the Workforce
Summary - A recent survey indicated an increase in women's participation in the Indian workforce. The women workforce participation has increased from 20% to 23% in the past five years.
Opinion:
- This increase is a positive sign towards achieving gender equality in the workplace. However, more initiatives and policies need to be implemented to further increase women's participation.
URL - https://www.financialexpress.com/eco...study/2250685/
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Work from Home to Continue Post-Pandemic
Summary - Many Indian companies are planning to continue the work from home model post-pandemic. This decision comes after companies observed increased productivity during the lockdown.
Opinion:
- Continued work from home could lead to significant cost savings for companies. However, it also means that companies should invest more in remote working tools and cybersecurity.
URL - https://www.livemint.com/news/india/...841063169.html
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New Maternity Benefit Rules
Summary - The Indian government has introduced new maternity benefit rules. As per the new rules, women will be eligible to get paid maternity leave of 26 weeks, up from the previous 12 weeks.
Opinion:
- The new rules will significantly help in improving the work-life balance for working women and may also encourage more women to join the workforce.
URL - https://www.business-standard.com/ar...0500597_1.html
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From India, Gurugram
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39Summary - The Indian government has introduced new labour codes which are set to alter the salary structures and benefits for employees in the country. The changes include reducing the allowances portion of the salary to 50% and increasing the basic pay.
Opinion:
- This could potentially increase the social security benefits of employees as contributions to EPF and gratuity are calculated on the basis of basic pay. However, it may also lead to a decrease in the take-home salary.
URL - https://www.business-standard.com/ar...2100679_1.html
-------------------
Increase in Women's Participation in the Workforce
Summary - A recent survey indicated an increase in women's participation in the Indian workforce. The women workforce participation has increased from 20% to 23% in the past five years.
Opinion:
- This increase is a positive sign towards achieving gender equality in the workplace. However, more initiatives and policies need to be implemented to further increase women's participation.
URL - https://www.financialexpress.com/eco...study/2250685/
-------------------
Work from Home to Continue Post-Pandemic
Summary - Many Indian companies are planning to continue the work from home model post-pandemic. This decision comes after companies observed increased productivity during the lockdown.
Opinion:
- Continued work from home could lead to significant cost savings for companies. However, it also means that companies should invest more in remote working tools and cybersecurity.
URL - https://www.livemint.com/news/india/...841063169.html
-------------------
New Maternity Benefit Rules
Summary - The Indian government has introduced new maternity benefit rules. As per the new rules, women will be eligible to get paid maternity leave of 26 weeks, up from the previous 12 weeks.
Opinion:
- The new rules will significantly help in improving the work-life balance for working women and may also encourage more women to join the workforce.
URL - https://www.business-standard.com/ar...0500597_1.html
-------------------
From India, Gurugram
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SALIENT FEATURES ON ALL LABOUR CODES - TELUGU VERSION.pdf
Right to payment of maternity benefits.doc