Transcription of NEW LABOUR CODES - ICSI
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NEW LABOUR CODES - ICSI
NEW LABOUR CODESB ackground The Second National Commission on LABOUR , which submitted its report in June 2002, had recommended that the existing set of Labourlaws should be broadly amalgamated into the following groups, namely: (a) industrial relations;(b) wages;(c) social security;(d) safety; and(e) welfare and working conditions ThreestakeholdersnamelyEmployer,Employee /theirUnionandGovernmentdecidedtoreformt heexistingLabourlaws inpastfocuswasonMillworkerandnowthefocus ofITandITES sectorandUnorganizedsector-morethan90%Pr eliminary FollowingbillswerepassedintheLokSabhaon2 3rdSeptember2020(i)IndustrialRelationsCo de,2020(ii)CodeonOccupationalSafety,Heal th&WorkingConditionsCode,2020(iii)Social SecurityCode,2020(iv)CodeonWages,2019(al readyreceivedPresidentassenton8thAugust2 019) Thesebillsareoutcomeoft
Consolidation of Labour laws Name of the Code Number & name of amalgamated laws 1. Code on Wages,2019 4 laws – 1. The Payment of Wages Act, 1936 2. The Minimum Wages Act, 1948 3. The Payment of Bonus Act, 1965 4. The Equal Remuneration Act, 1976. 2. Industrial Relations Codes,2020 3 laws - 1. The Trade Unions Act, 1926 2.
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