The Economic Times News

Social security, reimagined: How the new labour code reshapes PF and worker rights

New labour codes, particularly the Code on Social Security, aim to transform Provident Fund into a social insurance system, aligning with UN SDGs. The code expands coverage to more establishments and workers, clarifies wage definitions, and introduces safeguards for low-wage earners. This aims to reduce litigation and compliance costs, fostering a worker-centric framework.