What are the key features of the new Labour Codes implemented by the Centre in India

1. Simplification and consolidation: The new Labour Codes aim to simplify and consolidate existing labor laws into four codes - Code on Wages, Industrial Relations Code, Social Security Code, and Occupational Safety, Health, and Working Conditions Code. 2. Universalization of minimum wages: The Labour Codes ensure the universalization of minimum wages, which will provide a standardized wage threshold across the country. 3. Social security benefits: The codes introduce comprehensive social security benefits for workers, including provisions for gratuity, maternity benefits, and pension schemes. 4. Introduction of labor reforms: The Centre has taken initiatives to streamline labor regulations, promote ease of compliance, and enhance the welfare of both organized and unorganized labor sectors.