Are India’s Labour Law Reforms Only A Gift For Factories, Or Will Workers Benefit Too?

The new labour reforms will promote ease of doing business in the state. However, it is crucial that companies safeguard the interests and wellbeing of the labourers.

The long-awaited labour law reforms by states may make it easier for factories and businesses to run efficiently amid the coronavirus-led economic crisis, but the relaxation in rules may also put at stake the interest of labourers and workers, with businesses getting a free hand. On one hand, the industry sought to assure that the rule changes will let businesses function and thus generate more employment; on the other hand, social experts said the move may further aggravate the crisis for those who are worst affected. Given the unprecedented economic fallout from coronavirus, various industry bodies appreciated the labour law relaxations.

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In tough times like these, brought about by the coronavirus pandemic, industries are facing challenges and there is a need to create an environment in which businesses can survive in the present and grow in the future. “I do not see this as being pro-industry or pro-labour; this is a situation where business units need to survive because economic activity needs to grow; for which some changes in norms and regulations may be necessary over a specified time frame,” Niranjan Hiranandani, President, Assocham, told Financial Express Online.

Source: Financial Express

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