A committee led by S P Mukherjee was constituted in 2021 and is supposed to submit its report soon following which the Centre might announce its decis
The clarification comes amid reports that forming an expert group with three-year term is an attempt to delay fixing minimum and national floor wages
Once the wages code comes into force, there will be significant changes in the way basic pay and provident fund of employees are calculated
The new Wage Code decreases the take-home salary of an employee but increases the PF contribution
The new compensation rules as per the Wage Code Bill 2019 will change your salary structure. It will result in less take-home salary and higher retire