Rules for Employee Leave: Following the budget, government workers will get 300 leaves! Rules may be changed by the government

 Rules for Employee Leave: Following the budget, government workers will get 300 leaves! Rules may be changed by the government

Union Budget 2024: On February 1, 2024, Union Finance Minister Nirmala Sitharaman will make the budget's sixth presentation. The last budget of the Modi government's second term will be presented by Nirmala Sitharaman since nationwide Lok Sabha elections will take place shortly after.

Union Budget 2024: On February 1, 2024, Union Finance Minister Nirmala Sitharaman will make the budget's sixth presentation. The last budget of the Modi government's second term will be presented by Nirmala Sitharaman since nationwide Lok Sabha elections will take place shortly after. The government may use this opportunity to make a special statement in order to increase the number of its supporters, particularly those who are employed. The declaration about include labor rules in the budget might come from the government. The government has long intended to enact the labor legislation nationwide, but it is taking longer than expected because of disagreements among the states. The administration may make some special announcements for its support base, but Finance Minister Nirmala Sitharaman has said that no significant announcements would be made in the budget.

The number of staff holidays might rise.

Employees may get an increase in paid time off from 240 to 300 days. The Modi administration may choose to give workers more paid time off. The Labor Code's regulations, as well as those pertaining to the Labor Ministry, Labor Union, and industry representatives, were the subject of much debate. The demand in this was to raise the workers' earned leave from 240 to 300 days. On the other hand, no notification on this has yet come from the administration.

The government has the authority to proclaim this about workers.

A decision was also to be made about the labor unions' desire to enhance the earned leave and PF limits. The union's members are in favor of raising the cap on earned leave from 240 to 300 days. In September 2020, the Parliament enacted new labor reform legislation. The Central Government is now working to put them into effect as quickly as feasible. The Labor Code stipulates that the base wage must comprise at least 50% of the total remuneration, among other things. The majority of workers' pay structures will alter as a result. The amount deducted for PF and gratuity will rise in tandem with an increase in base pay. This will lower the current wage. This may result in an increase in the retirement PF fund.