Understanding India's New Labour Codes

Created using ChatSlide

The new labor codes aim to modernize and unify regulations across industries in India. The Code on Wages (2019) establishes wage structure components, introduces a 50% threshold rule, and sets a national floor wage. The Industrial Relations Code (2020) includes fixed-term employment benefits, a grievance redressal committee, and requires government approval for layoffs. The Code on Social Security (2020) extends benefits to diverse worker categories, introduces pro-rata gratuity, and offers...