New Labour Codes May Allow Workers To Work Only For 4 Days A Week

by Shatakshi Gupta

The government is going to make many major changes under the New Labour Codes. Under the new laws, workers can take 3 days off a week. Giving information about the announcements for the Ministry of Labour in the budget on Monday, the Labour Secretary said that the Central Government may make provision of 4 working days a week and 3 days leave with salary.

Week will be decided based on hours of work

 According to the Labour secretary, this option will also be put in the New Labour Code rules, in which the company and employees can decide by mutual agreement how many days of work to do in a week. Under the new rules, the government has included increasing the working hours to 12. The maximum working week limit is 48 hours, so the working days can be reduced to five.

Information given about EPF

 Giving information, the Labour secretary said that according to the announcement made by the government in the budget for imposing tax on EPF, the tax will be levied only on the employee’s contribution for investment of more than two and a half lakh rupees. The contribution from the company will not come under its ambit or there will be no burden on it. Also, EPF and PPF cannot be added for a discount. The government has taken this decision because of the large investment made by high-paid people and the increase in spending on interest. According to the Labour Ministry, only 1.23 lakh shareholders out of 6 crore will be affected by these new rules.

No proposal for increase in pension

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No proposal for increase in pension. On the question of increase in minimum EPF pension, the Labour Secretary said that no proposal was sent to the Finance Ministry. The proposals which were sent by the Ministry of Labour and Employment have been included in the Union Budget. Labour organizations have long been demanding to increase the monthly minimum pension of EPF. He argues that in the name of social security, the government is paying a minimum pension of Rs. 2000 or more monthly while EPFO ​​shareholders are getting very less pension despite paying the share.