In 2019, the Ministry of Labour and Employment introduced four bills namely, the Code on Wages, the Code on Social Security, the Industrial Relations Code, and the Code on Occupational Safety and Social Security, proposing the consolidation of the existing 29 labour legislations.[1]

What is an employment bond?

An employment bond is an agreement entered between an employer and employee containing certain negative covenants for restricting the employer from leaving the employment without serving a prescribed minimum duration.