New labor rules
The new labor law provisions, which have been under review for a number of years, are due to come into force on July 1 with some amendments after negotiations with workers.
Not in Tamil Nadu
However, the new labor rules will not come into force in those states from July 1, as a few states, including Tamil Nadu, have not adopted them. It is noteworthy that the states of Jammu and Kashmir, Himachal Pradesh, Bihar, Punjab, Haryana, Arunachal Pradesh, Chhattisgarh, Madhya Pradesh, Uttar Pradesh and Uttarakhand have adopted the new labor rules and the new labor rules will come into force from July 1.
12 hours work
Under the new labor rules, working hours will be increased to 12 hours instead of 8 hours. But at the same time it is worth noting that to compensate for it should be given three days off as Friday, Saturday and Sunday. Thus the total working hours that employees work in a week are not likely to change.
3 days holiday
Employees who currently work eight hours a day receive only one day off per week. But it should be noted that under the new rule there will be only four days of work and three days of leave.
Provident fund
In this situation there is a possibility of increasing the provident fund which is preferred by the employees under the new labor rule. It has been reported that 50 per cent of the total salary of an employee will be the basic salary. Employees’ salaries are likely to fall as employees and companies pay more into the deposit fund. But at the same time it is important to note that the amount that employees get when they retire will be huge and that their lives will be better after retirement.
Holidays
The new labor rule also changes the leave that employees take. Relaxations are to be made so that employees can add the remaining one year leave to their next work year.
Confidence in the Federal Government
The Central Government is hopeful that other states, including Tamil Nadu, will soon adopt these new labor rules, which will be implemented in many states of India.
