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Indian companies are likely to see higher wage bills as they adjust HR policies and compensation structures to comply with the new four labour codes. Experts estimate manpower costs could rise 5-10%, or even more for some firms.The increase in wage expenses is largely driven by higher costs for benefits such as gratuity, overtime, bonuses,…
The four new labour codes have significantly reduced the number of offences that carry imprisonment, cutting them to 22 from 87 earlier, according to a senior government official, ET reported.Of these, 16 offences are compoundable, while only six sections now provide for imprisonment along with higher fines for first-time violations related to safety and social…
Fewer Americans applied for unemployment benefits last week, signalling continued stability in the labour market even as several large companies announced job cuts. According to AP, jobless claims fell by 6,000 to 216,000 in the week ending November 22, undershooting economists’ expectations of 230,000.Applications for unemployment aid — a key proxy for layoffs — remain…
Britain’s Treasury chief Rachel Reeves delivered her tax-raising budget on Wednesday under the shadow of a major leak that exposed her proposals hours before she reached Parliament. The disclosure came from the Office for Budget Responsibility (OBR), which Reeves relies on for independent forecasts. According to AP, the leak effectively mapped out the entire fiscal…
Implementation of the new labour codes is expected to deliver a Rs 75,000-crore consumption boost and raise the share of the formal workforce by at least 15 per cent, according to a research note by economists at SBI on Tuesday.The four codes, enforced from November 21, will also expand social security coverage to up to…
The new codes aim to increase women’s employment opportunities, ensure worker safety, extend social security benefits to gig workers. (AI image) New labour codes 2025: The government has introduced what experts are calling a significant reform in labour laws by implementing four comprehensive labour codes from November 21, 2025. The new labour codes impact both…
For years, women’s workforce participation has been a subject of heated policy debate, yet the numbers on the ground have barely inched upward. The conversation has flourished; the change has not. India stands at an inflection point where the gulf between aspiration and reality demands more than rhetoric. Into this space step the four consolidated…
A defining feature of the new framework is the inclusion of gig, platform, and unorganised-sector workers within the social security net. (AI image) By Puneet Gupta India’s labour landscape is undergoing its most significant reform since Independence. The Government has consolidated 29 central labour laws into four comprehensive Labour Codes, the Code on Wages (2019),…
Indian professionals at work The Government of India has announced that the four consolidated Labour Codes, the Code on Wages (2019), Industrial Relations Code (2020), Code on Social Security (2020), and the Occupational Safety, Health and Working Conditions Code (2020) have been implemented from 21 November 2025. Their enforcement will replace 29 existing central labour…
Arvind Panagariya, chairman of the 16th Finance Commission (PTI file photo) Arvind Panagariya, chairman of the 16th Finance Commission, spoke to TOI after submitting the panel’s report. He speaks on a range of issues from growth prospects for the economy to reforms that need to be pushed. Excerpts:How do you see India’s growth prospects in…
