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New Labour Codes: Government May ‘Grandfather’ Gratuity Outgo - Exclusive
Move will limit the gratuity burden of employers brought on by the new definition of wages.
12 Jan 2021, 10:35 AM IST
The central government is set to make key changes to the new labour laws to soothe nerves after concerns were raised that some of the new provisions for computing wages and gratuity will bump up costs for corporations.The government plans to introduce grandfathering provisions under the Code on Wages Act, 2019 to ensure that the gratuity outgo for companies does not significantly rise after the new law comes into effect from the next...
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