New Delhi, Nov. 26 -- The Indian government on 21 November consolidated 29 Labour Laws into four comprehensive Labour Codes, namely - the Code on Wages (2019), the Industrial Relations Code (2020), the Code on Social Security (2020) and the Occupational Safety, Health and Working Conditions Code (2020).

The amendment "streamlines compliance, modernises outdated provisions, and creates a simplified, efficient framework that promotes ease of doing business while safeguarding workers' rights and welfare", the Centre said in its release.

In particular, the Code of Wages and Code on Social Security are set to directly impact workers' salary structure, including how much of your pay is now basic salary, and the inclusion of pension, EPF, and ...