Modi govt moves to overhaul labour laws in bid to boost job creation
Updated : July 24, 2019 10:37 AM IST
Labour Minister Santosh Gangwar introduced the bills, covering safety, working conditions and wages, in the lower house of parliament, saying they would promote the ease of living and doing business.
The Code on Wages is the first of four proposed labour bills long envisaged to replace 44 archaic labour laws.
Industry welcomed the move, as helping to boost the competitiveness of domestic companies by lowering compliance costs.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more