CA.Sangam Aggarwal
Quick Summary
The government of India has implemented one of the largest reforms of labour laws since independence. Four consolidated labour codes are introduced by replacing 29 separate labour laws that were often outdated and inconsistent across states and different sectors. Many of India's labour laws were fo
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FAQ :
The four new labour codes are The Code of Wages, 2019; The Industrial Relations Code, 2020; The Code on Social Security, 2020; and The Occupational Safety, Health and Working Conditions Code, 2020.
The main objectives are to simplify compliance, ensure uniformity across sectors, expand social security coverage, protect previously excluded workforce segments, and modernise industrial relations to align with the changing nature of work.
The Code of Wages, 2019, provides a statutory right to minimum wages for all employees, including those in unorganised sectors, and introduces a 'floor wage' that state minimum wages cannot be lower than.
An industrial establishment employing 100 or more workers, or having employed that number on any day in the preceding 12 months, can be directed by the government to constitute a Works Committee.
The Code on Social Security, 2020, aims to extend social security benefits like healthcare, financial support, insurance, and retirement benefits to all workers, including those in the unorganised and gig economy, through various boards and funds.
The Inspector-cum-Facilitator system replaces traditional inspections with a more advisory approach, tasked with ensuring compliance, guiding employers on statutory requirements, and protecting workers' rights.
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