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The new labor laws, consolidating 29 central acts into four distinct Codes (Wages, Social Security, OSHWC, and Industrial Relations), aim to simplify compliance and extend universal protection to all workers, including gig and platform workers. Key provisions include a National Floor Wage, a mandatory 50% threshold for basic pay in the wage definition (impacting PF and gratuity contributions), and granting social security benefits to the unorganized sector. These reforms introduce greater flexib
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