India Labour Reform Update

India has taken a significant step towards labour reform with the notification of the Central Rules under all four Labour Codes. This move brings the country's historic labour law reform closer to implementation.
The new rules are expected to have a major impact on the labour landscape in India, with changes to minimum wages, working hours, and social security benefits.
- Key highlights of the new rules include:
- Minimum wages: The rules provide for the payment of minimum wages to all employees, with the amount varying based on the location and industry.
- Working hours: The rules stipulate the maximum number of working hours per week and provide for overtime pay.
- Social security benefits: The rules provide for social security benefits, including pension, gratuity, and insurance.
Meanwhile, municipal employees in Haryana staged a statewide protest over the non-implementation of minimum wages and other benefits.