Indian New Labour Code: A Simplified Guide to the New Era of Labor Laws
Indian New Labour Code: A Comprehensive Guide The Indian government has undertaken a significant overhaul of its labor laws, replacing 44 fragmented labor codes with four comprehensive codes: the Code on Wages, 2019; the Industrial Relations Code, 2020; the Occupational Safety, Health and Working Conditions Code, 2020; and the Social Security Code, 2020. This transformative initiative, known as the Indian New Labour Code, aims to streamline labor regulations, enhance worker protection, and foster a more business-friendly environment. Key Provisions of the Indian New Labour Code: Empowering Workers and Enhancing Business Efficiency The Indian New Labour Code introduces several notable changes designed to modernize and simplify the labor landscape in India. These include: Streamlined Wage Structure: The Code on Wages consolidates multiple wage components into a single minimum wage, ensuring clarity and consistency in wage determination. Universalized Social Security: The Social Securit...