AN OVERVIEW TO LABOUR IN INDIA AND NEW LABOUR CODE
Mr Soumil Goyal
UGC-NET/JRF, Research scholar, Department of Laws, Punjab University.
Dr Isha Goyal
Assistant Professor, Commerce, GCW-14 Panchkula
The importance of labour, which may be found in both organised and unorganised sectors, cannot be overestimated; other elements of the economy, such as capital and the market, also play significant roles. In India, a number of laws govern various aspects of the labour market in line with the constitution’s duty to, among other things, prevent discrimination and provide equality. These acts or laws address a variety of labour welfare concerns, such as the minimum wage, hourly wage limits, double pay for overtime work, fully compensated sick days and vacations, maternity benefits, provident funds, contractual labour regulations, and insurance programmes. The Indian government recently changed the country’s labour laws to better protect workers’ social security while also giving them opportunities to earn more money and save for the future. This new labour code, 2022, which also includes the Industrial Relations Code 2020, the Code on Social Security 2020, the Code on Occupational Safety, Health, and Working Conditions Code, 2020, and the Code on Wages 2022, regulates key aspects of labour provision. The New Labour Code, which takes effect on July 1, 2022, is being examined in this essay in light of the expanded definition of labour welfare.
Keynotes: Labour, New Labour Code and Social security