In a sign of ominous times, the government is reforming labour laws with increased deregulation, weakening of unions and more working hours, but this will not create growth or lead to better productivity.
India Inc hailed the proposed changes to labour laws, saying they would provide operational freedom to employers, although provisions related to universal social security and guaranteed minimum wages may substantially add to their cost of hiring.
A slew of amended labour laws were pushed through the Rajya Sabha session which ended on Wednesday. India Legal has already published an analysis of the Farm Bills that have been passed. India Legal has also discussed, in two previous instalments, two labour codes – the Code on Industrial Relations.
A slew of amended labour laws were pushed through the Rajya Sabha session which ended on Wednesday. IL News Service has already published an analysis of the Farm Bills that have been passed. We will now, in stages, deal with the amended labour laws.
As the novel Coronavirus (COVID-19) does not seem to abate any time soon, the Central & the State Govts have been working continuously for re-igniting and jump-starting the economy and bringing about changes that makes it easier for investment to be brought in for manufacturing industries and factories.