New Labour Codes In India: The Government of India has introduced a major reform that will benefit lakhs of employees who frequently change jobs, including fixed-term employees, women, gig workers, MSME staff, and contract workers. Under the new Labour Codes, the minimum service required to receive gratuity has been reduced from five years to just one year. This means more workers will now be eligible for gratuity even if they don’t stay long in one organisation.

This major reform is part of the government’s plan to replace 29 old labour laws with four new Labour Codes. These include the Code on Wages, the Industrial Relations Code, the Social Security Code, and the Occupational Safety Code, replacing outdated regulations framed between the 1930s and 1950s. The goal is to make business processes smoother, improve worker welfare, update outdated rules, and create a more transparent and worker-friendly labour system.

Gratuity: What It Is And What Happens After Private Employee’s Death

It is a one-time amount that employers give to employees as a thank-you for their service. Under the Payment of Gratuity Act, private sector employees can receive gratuity when they leave a job (due to resignation or termination), retire, or become disabled. In case of an employee’s death, the amount is paid to their nominee. Earlier, employees had to complete at least five years of continuous service with the same employer to be eligible, except in situations of death or disability. (Also Read: What Is EPS-95 Scheme? If Employee Becomes Permanently Disabled, Will He Get Pension? Check Benefits, Eligibility Criteria, And How It Is Calculated)

New Labour Codes: How New Gratuity Rule Strengthens Worker Security?

With this reform, employees will not be penalised for having short job tenures, giving young workers who often switch jobs better financial security. It also benefits contractual, fixed-term, and gig workers by making gratuity easier to receive and more predictable. By offering gratuity to more people, the government is encouraging formal employment and improving the safety net for all workers. Overall, this change makes India’s workforce more secure and brings labour benefits closer to global standards.

New Labour Codes: Benefits Including Free Annual Health Check-Ups

For the first time, all workers, whether permanent, contractual, or fixed-term, must receive appointment letters, which improves job security and helps reduce disputes. The new Labour Codes also make preventive healthcare mandatory, requiring employers to provide yearly health checkups for workers aged 40 and above, helping with early detection and lowering long-term health risks.

Under the Code on Wages, every worker across all sectors is now entitled to minimum wages, ensuring that no one falls below a basic income level. Adding further, women are allowed to work in all types of jobs, including night shifts, giving them greater employment opportunities and flexibility.

Last Updated:November 22, 2025, 18:19 IST

US court orders Byju Raveendran to repay USD 1 billion to BYJU’s Alpha and GLAS Trust Company LLC. Raveendran plans to appeal.

In a major setback, the US Delaware court has ordered Byju Raveendran, the founder of ed-tech, to repay USD 1 billion to BYJU’s Alpha and US-based GLAS Trust Company LLC, according to a report of PTI. The court has held Raveendran personally liable for the damage upon the petition filed by the lender.

The court also found that Raveendran lapsed to comply with the discovery order and continued to be evasive on several occasions. “The court will enter default judgment against Defendant Raveendran…in the amount of USD 533,000,000, and on Counts II, V and VI in the amount of USD 540,647,109.29,” the judgement said, as reported by PTI.

Byju Raveendran is going to contest the US court judgement.

In a press statement, Raveendran’s lawyers said they will “promptly appeal” the ruling, arguing that the court issued the judgment on an expedited timeline that “precluded” him from presenting his side. Raveendran has denied all allegations made in the case.

The legal team also accused GLAS Trust of misleading the Delaware Courts and the public, claiming the judgment should not have been issued at all. According to them, the court granted monetary relief even though GLAS had withdrawn its damages claim in September 2025.

“This judgment stems from an accelerated procedure triggered by serious misrepresentations made by GLAS,” the release stated. The team added that Raveendran will soon submit evidence of this alleged misconduct as part of a separate claim worth at least USD 2.5 billion, which he plans to file before the US courts.

The statement further said the latest Delaware Court ruling was a direct result of GLAS “securing judicial relief by misleading the courts,” with the aim of harming Raveendran personally and indirectly affecting other suspended directors of Think & Learn Pvt. Ltd.

Raveendran’s team also highlighted that he was given insufficient time to hire legal counsel and respond to the accelerated court actions.

Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

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