Hi,
I read the blog and from what it read, it seems that the employee does not have any say in the whole thing.
As an employee, you can only sit back and calculate what you will get now and on retirement. That is all what changed for you as an employee.
From the employer's point of view, they will have to contribute more towards pf and employees insurance (which are probably a percentage of basic pay) since the basic pay will go up. This will add to their salary costs and they may rejig your payment structure to save on their costs.
Big corporates will simply not bother and follow the law by the word but smaller ones may resort to some unhealthy shit to cover their increased salary bill.
That's what I think. I may be wrong and this is just my point of view.
Thanks!!