Bengaluru, Nov. 29 -- Your weekly money update starts with the new labour codes announced last week. The government has replaced 29 old labour laws with four new Labour Codes to make life better for workers and simpler for employers.

These changes aim to ensure pay parity, minimum wages, safer workplaces, and stronger social security benefits, while also bringing India closer to global standards.

For employees, this means a guaranteed minimum wage, equal pay for men and women, and a greater emphasis on health, including mandatory preventive check-ups for workers over 40 years of age.

The other important change is how your wages will be defined. Earlier, companies could keep your basic pay low and give more money as allowances to reduce...