FOUR LABOUR CODES MADE EFFECTIVE, Pg3

Key Highlights:

• Four Labour Codes namely, The Code on Wages, 2019, The Code on Social Security, 2020, The Industrial Relations Code, 2020, and The Occupational Safety, Health and Working Conditions Code, 2020 have been made effective.
• The codes guarantee minimum and timely wages, mandatory appointment letters, and equal opportunities for all, including women workers.
• Social Security is guaranteed for 40 crore workers, along with gratuity for Fixed Term Employees after 1 year of service.
• Mandatory free annual health check-ups and 100% health security for workers in hazardous sectors are included.

Overview of Labour Code Highlights.png

Detailed Insights:

• These Labour Reforms aim to create an Aatmanirbhar Bharat by streamlining existing labour laws and enhancing worker welfare.
• The reforms consolidate several central labour laws into four codes to simplify compliance and improve transparency.
• By ensuring social security and health benefits, the codes seek to improve the quality of life for workers in both organized and unorganized sectors.
• The emphasis on equal opportunities and fair wages aims to reduce discrimination and promote inclusive growth in the workforce.

Key Concepts Involved:

• Labour Codes: Comprehensive laws regulating employment and working conditions.
• Social Security: Measures providing income security and healthcare to workers.
• Aatmanirbhar Bharat: A vision for a self-reliant and resilient India.