New Delhi: ‘The Industrial Relations Code, 2019’ and ‘The Code on Social Security, 2019’, as introduced in Lok Sabha have been referred by the Speaker to the Standing Committee on Labour headed by BJD MP Bhartruhari Mahtab for examination and report.
The Committee has decided to invite memoranda containing views/suggestions separately on each Code from the public in general and NGOs/ Experts/ Stakeholders and Institutions in particular.
The procedure for submitting written memoranda/suggestions and tendering oral evidence before the committee can be seen at the website https:/www.loksabha.nic.in under link ‘Committees.
The Social Security Code Bill, 2019 proposes setting up a social security fund using corpus available under corporate social responsibility. This fund will provide welfare benefits such as pension, medical cover, and death and disablement benefits to all workers, including gig workers.
As per the bill, millions of organised sector employees may soon have the option of reducing their provident fund contribution — currently at 12% of basic salary — and therefore increase their take-home pay.
The Labour Code on Industrial Relations, 2019 Bill aims to streamline industrial relations and help India improve on the ease of doing business index.
The Bill consolidates essential elements of three laws—the Trade Unions Act, 1926, the Industrial Employment (Standing Orders) Act, 1946, and the Industrial Disputes Act, 1947—helping improve ease of doing business.
As part of labour reform initiatives, the labour ministry has decided to amalgamate 44 labour laws into four codes—on wages, industrial relations, social security and safety, health and working conditions.