Summary: India has replaced 29 old labour laws with four modern labour codes , the biggest reform since independence. The goal: simplify rules, boost business confidence, and give workers stronger protections. What’s New: Code on Wages: Standardised pay, National Floor Minimum Wage, on-time salaries. Industrial Relations Code: Companies with ≤300 employees can hire/fire more flexibly; fixed-term contracts recognised. Social Security Code: EPF, ESIC, gratuity, maternity benefits unified; gig and platform workers now included. OSH Code: Safer workplaces, mandatory medical checkups, women allowed night shifts with safety. Impact for Employees: Higher PF contributions → slightly lower take-home, but stronger long-term savings. Gratuity now higher; fixed-term workers eligible after 1 year. Flexible work hours and overtime rules with safety protections. Impact for Employers: Fewer compliance hurdles, unified laws, easier multi-state operations. Encourages ...
