While proposals such as universalisation of minimum wages and social security coverage would benefit workers; the reduction of compliance burden by way of simplification of labour codes will ensure the ease of doing business.
Labour and employment minister Santosh Gangwar on Wednesday said labour reform proposals will strike a balance between the interest of both the employers and the employees and will contribute to India’s self-reliance.
While proposals such as universalisation of minimum wages and social security coverage would benefit workers; the reduction of compliance burden by way of simplification of labour codes will ensure the ease of doing business.
“The labour ministry with an intention to simplify the labour codes has decided to eliminate multiple registration requirements. So now, instead of registrations under eight different acts, only one registration would be sufficient. Also, instead of three licenses under various laws, only one license would be enough,” the minister said at an Assocham event.
Source: Financial Express
