The government will introduce three labour codes in the upcoming parliament session starting Monday. ET takes a look at the key provisions.
CODE ON INDUSTRIAL RELATIONS
Key provisions
- Hiring and firing laws eased
- States empowered to make changes on threshold
- Legal backing for fixed-term employment
Implications
- Easier to hire and fire; will encourage employment
- Fixed term employment will create more jobs
CODE ON SOCIAL SECURITY
Key provisions
- Subsumes nine laws related to social security
- Proposes social security for gig & platform workers
- National Social Security Board will be set up
Source: The Economic Times
