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LatestCorporate Compliance 1 August 2026

Labour Law Updates

The government is ensuring social security for gig workers and implementing labour codes to extend protection, the Jammu and Kashmir High Court has ruled that maternity benefits cannot be denied for tenure roles, and the SBI has introduced a new FD scheme with higher interest rates. The government is also reviewing the progress of the PM-SYM scheme and labour codes. Additionally, the DA/DR from July 2026 has been confirmed at 63% and the labour department is organizing stakeholder awareness programmes on labour codes.

The government is taking steps to ensure social security for gig workers, with the implementation of labour codes to extend protection.
The Jammu and Kashmir High Court has ruled that *maternity benefits* cannot be denied for tenure roles.
- The SBI has introduced a new FD scheme with higher interest rates, the SBI Amrit Vrishti 444-Day FD, which offers up to 7.05% interest for super senior citizens.
- The government is reviewing the progress of the PM-SYM scheme and labour codes, with the labour department organizing stakeholder awareness programmes on labour codes.
- The DA/DR from July 2026 has been confirmed at 63%, with the government stipulating that the minimum rates of wages should be paid to all workers.

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