ADD ANI AS A TRUSTED SOURCE
googleads
ANI Logo
Menu
Business

Lok Sabha passes Industrial Relations Code (Amendment) Bill to prevent possible misinterpretation

The amendment seeks to avoid any future unwarranted complications regarding the continuity of three laws that were replaced by the Industrial Relations Code of 2020. These are the Trade Unions Act, 1926; the Industrial Employment (Standing Orders) Act, 1946; and the Industrial Disputes Act, 1947, which relate to trade unions, industrial employment, and industrial disputes.

ANI Feb 12, 2026 17:58 IST googleads

Union Minister for Labour and Employment Mansukh Mandaviya (Image: SansadTV)

New Delhi [India], February 12 (ANI): Lok Sabha on Thursday passed 'The Industrial Relations Code (Amendment) Bill, 2026' after hours of discussions. The Bill seeks to amend the Industrial Relations Code, 2020.
The amendment seeks to avoid any future unwarranted complications regarding the continuity of three laws that were replaced by the Industrial Relations Code of 2020. These are the Trade Unions Act, 1926; the Industrial Employment (Standing Orders) Act, 1946; and the Industrial Disputes Act, 1947, which relate to trade unions, industrial employment, and industrial disputes.
According to the statement of objects and reasons in the Bill, there was a possibility of future confusion arising from a misconceived view that the Act delegates the power to repeal the said enactments to the executive. Therefore, it is advisable to adopt the proposed amendment to avoid future unwarranted complications.
Replying to the discussion before the Bill's passage in the Lower House, Union Minister for Labour and Employment Mansukh Mandaviya said the Bill guarantees the issuance of appointment letters to the youth.
"To every such youth who will get a job, an appointment letter must be given under all circumstances," he said in the House.
"Whoever gets the job will also receive an appointment letter, so that there is written proof of the terms of employment. For equal work, the wages of female and male workers will no longer be different; previously, there was no legal restriction on this. The Labour Code has guaranteed equal pay for equal work."
Two and a half months have passed since the Labour Code was implemented.
Pointing to surveys, the minister said 60 per cent of workers believe that employment conditions have become clearer and that job security has been provided after the implementation of labour codes.
"Among gig workers and those working on contract, the hope for social security benefits has increased," the minister said.
For workers who previously worked in mines or cleaned sewers, labourers in companies with at least 10 workers had access to ESIC treatment facilities, he said. "Under the new Labour Code, workers in hazardous areas, even if fewer than 10, will get treatment facilities under ESIC."
Also, health checkups are now mandatory for all workers aged 40 and above.
Until the new labour codes were adopted, an employee had to work for 5 years to be eligible for gratuity.
"Now, under the new Labour Code, there's a guarantee of gratuity even after working for one year," the minister said.
Many members, including Kodikunnil Suresh, Darshan Singh Choudhary, Kalyan Banerjee, Arvind Ganpat Sawant, Supriya Sule, Jagdambika Pal, Adv Chandrashekhar, Abdul Rashid Sheikh, have participated in the discussion. (ANI)

Get the App

What to Read Next

Business

Piyush Goyal meets global industry leaders to deepen trade ties

Piyush Goyal meets global industry leaders to deepen trade ties

The meetings were inclined towards bolstering India's manufacturing capabilities and deepening its integration into global supply chains. The discussions focused on expanding investment partnerships and enhancing India's role as a critical hub in the Indo-Pacific region.

Read More
Business

"No shortage of petrol, diesel, kerosene, ATF or fuel oil"

"India has sufficient gas production and supply arrangements to sustain this position even in the event of a prolonged conflict. Power generation for every household and for industry is fully protected," Hardeep Singh Puri said. Opposition members sloganeered and protested against Puri's remarks.

Read More
Business

With India’s Fasteners Market Projected at USD 17 Billion by 2034

With India’s Fasteners Market Projected at USD 17 Billion by 2034

New Delhi [India], March 12: The Indian fasteners market continues to demonstrate strong momentum, having reached USD 11.2 billion in 2025 and is projected by the IMARC Group to surge to USD 17.0 billion by 2034, reflecting a robust CAGR of 4.67% during 2026-2034. This dynamic growth is fueled by the expansion of the automotive, construction, and industrial sectors, as well as increasing demand for high-performance, lightweight fasteners, and strategic government initiatives such as "Make in India." In this thriving context and to boost domestic manufacturing, Messe Stuttgart India has launched FASTNEX 2027 with its highly anticipated Signature Edition, set to take place from 8th to 10th February 2027 at the Bombay Exhibition Centre, Mumbai. The event stands as a crucial platform for industry professionals to showcase innovative products, access market intelligence, foster collaborations, and expand their business networks, ultimately contributing to the overall advancement of India's manufacturing sector.

Read More
Business

NSE concludes process for selection of intermediaries for IPO

NSE concludes process for selection of intermediaries for IPO

National Stock Exchange of India Limited on Thursday concluded the process for the selection of merchant bankers, law firms and other intermediaries for its proposed Initial Public Offering (IPO).

Read More
Business

VinFast Continues Building Layered Path for EV Transition

VinFast Continues Building Layered Path for EV Transition

Gurugram (Haryana) [India], March 12: VinFast's latest "Trade Gas for Electric" programme adds new incentives for petrol car owners switching to EVs, reinforcing a broader strategy that combines exchange support, resale value guarantees, long warranties and service expansion in India.

Read More
Business

Authenticity, Adaptability, and the Future of Brand Communication

Authenticity, Adaptability, and the Future of Brand Communication

New Delhi [India], March 12: The essence of communication in an industry that is constantly evolving is surprisingly timeless. Whether it is about building a brand, creating trust, or navigating disruption, clarity of thought and authenticity of action remain fundamental. With rapid shifts in technology, evolving consumer expectations, and changing regulatory environments, today's business leaders are no longer just marketers or communicators. They are storytellers, strategists, and guardians of credibility. The true measure of sustainable brand growth lies in the ability to remain creative yet accountable, while imagining ideas that create meaningful impact.

Read More
Business

Hardeep Puri to apprise Parliament about India’s energy situation

Hardeep Puri to apprise Parliament about India’s energy situation

Petroleum and Natural Gas Minister Hardeep Puri will give a statement in Lok Sabha on the overall energy position of India amid West Asia conflict that has invariably affected shipping lines.

Read More
Business

Jaipur's CODE Edu Launches AI-Powered Creative Learning Platform

Jaipur's CODE Edu Launches AI-Powered Creative Learning Platform

New Delhi [India], March 12: Jaipur-based edtech venture CODE - Centre for Originality, Design & Expression (CODE Edu) launched its AI-powered creative learning platform EnCODE at the AI Impact Summit 2026 held at Bharat Mandapam, New Delhi, positioning the platform as a multidisciplinary education ecosystem designed to integrate creativity and cognitive learning into mainstream higher education.

Read More
Business

West Asia conflict hits Bhilwara textile industry, export impact

West Asia conflict hits Bhilwara textile industry, export impact

The ongoing conflict in West Asia has begun to affect the textile industry in Bhilwara, Rajasthan, with export orders being stalled and trade disruptions impacting shipments worth around Rs 800 to Rs 1,000 crore, industry representatives said.

Read More
Business

Wizz Financial Completes First Stablecoin-Powered Cross-Border

Wizz Financial Completes First Stablecoin-Powered Cross-Border

Dubai [UAE], March 12: Wizz Financial, the global fintech company specializing in cross-border payments and digital wallets, today announced the completion of its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities into 80 countries, in partnership with BitGo Bank & Trust, N.A. ("BitGo"), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO). Through the partnership, Wizz Financial is utilizing BitGo's institutional-grade wallet infrastructure and e-trade services to facilitate the conversion of fiat currency into stablecoins, enabling near-real-time settlement, enhanced liquidity management, and compliant, scalable cross-border remittance flows across its global network as new corridors are progressively launched.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.