Most of these regulations written for a different era, irrelevant to present conditions: ISF president
The number of people in formal employment in India will grow only if the country’s archaic labour regulations, that are irrelevant in today’s context, are fully scrapped, says Indian Staffing Federation (ISF), a staffing industry apex body.
The country has a total workforce of 463 million and 94% of them are informal workers employed with small and micro firms. These enterprises prefer to remain tiny (below 20 people) in order to stay away from the burden of unrealistic labour compliance demands.
ISF president Rituparna Chakraborty told The Hindu that the country currently had an overdose of labour rules and their irrelevant existence will only damage the growth of formal job market in particular and the economy in general.
“We have some 44 Central labour rules in addition to over 100 State-specific laws. Most of these regulations were written for India of a different era and therefore currently are not in use or are irrelevant to today’s conditions,’’ she argued.
Source: The Hindu
