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Some salient features of the four labour codes passed by Parliament. #LabourReforms
There existed 44 central labour laws. 12 of them had been previously repealed.
Now 29 acts comprising 1232 sections subsumed into hugely simplified just 4 acts with 479 sections. 1/10
There existed 44 central labour laws. 12 of them had been previously repealed.
Now 29 acts comprising 1232 sections subsumed into hugely simplified just 4 acts with 479 sections. 1/10
1) Code on Wages: Subsumes 4 acts into 1.
Features:
>Statutory right for minimum & timely wages for ALL workers - organised and unorganized
>542 different classifications of minimum wages standardized to just 12
>Skill to be a determinant in fixing wage.
#LabourReforms 2/10
Features:
>Statutory right for minimum & timely wages for ALL workers - organised and unorganized
>542 different classifications of minimum wages standardized to just 12
>Skill to be a determinant in fixing wage.
#LabourReforms 2/10
2) Industrial Relations Code: Subsumes 3 acts into 1
Features:
>No prior permission needed for upto 300 workers for retrenchment (earlier limit 100)
>Fixed term employment. Workers can now be directly hired with all benefits without middlemen contractors.
#LabourReforms 3/10
Features:
>No prior permission needed for upto 300 workers for retrenchment (earlier limit 100)
>Fixed term employment. Workers can now be directly hired with all benefits without middlemen contractors.
#LabourReforms 3/10
Industrial Relations Code: Subsumes 3 acts into 1
Features:
> payment of 15 days wages per completed year of service if retrenched
>Re-skilling fund for all retrenched workers
>14 days mandatory notice period before strike (thus avoiding flash strikes)
#LabourReforms 4/10
Features:
> payment of 15 days wages per completed year of service if retrenched
>Re-skilling fund for all retrenched workers
>14 days mandatory notice period before strike (thus avoiding flash strikes)
#LabourReforms 4/10
3) Occupational Safety & Health Code: Subsumes 13 acts into 1
Features:
>1 registration instead of 6
>1 license instead of 4
>1 return instead of 21
>Single, all India 5 years valid license for hiring contract workers (now license needed per work order)
#LabourReforms 5/10
Features:
>1 registration instead of 6
>1 license instead of 4
>1 return instead of 21
>Single, all India 5 years valid license for hiring contract workers (now license needed per work order)
#LabourReforms 5/10
Occupational Safety & Health Code
Features:
>Applicability threshold of law increased from 10 (power) and 20 (non-power) to 20 and 40
>New establishments may be exempt from the law by specific local orders
> Welfare provisions applicability maze simplified
#LabourReforms 6/10
Features:
>Applicability threshold of law increased from 10 (power) and 20 (non-power) to 20 and 40
>New establishments may be exempt from the law by specific local orders
> Welfare provisions applicability maze simplified
#LabourReforms 6/10
4) Social Security Code: Subsumes 9 acts into 1
Features:
> Applicability of ESIC extended to all districts of India
> Social security extended to gig, platform and all such other workers
> Social security and welfare fund for unorganized sector workers
#LabourReforms 7/10
Features:
> Applicability of ESIC extended to all districts of India
> Social security extended to gig, platform and all such other workers
> Social security and welfare fund for unorganized sector workers
#LabourReforms 7/10
So what do #LabourReforms mean for the Employers?
>Just 1 registration, 1 inspection and 1 return.
> Perverse incentive for MSMEs to not expand beyond 100 workers capacity ended
> Reduced compliance costs, reduced litigation
> Faceless inspections, End of & #39;inspector raj& #39;
8/10
>Just 1 registration, 1 inspection and 1 return.
> Perverse incentive for MSMEs to not expand beyond 100 workers capacity ended
> Reduced compliance costs, reduced litigation
> Faceless inspections, End of & #39;inspector raj& #39;
8/10
What do #LabourReforms mean for the Workers?
> Nigh shifts for women allowed (with safety measures)
> Fixed term employment, weeding out contractor route
>Migrant workers definition made comprehensive; portability of benefits
>Dignity of labour; assured wages and benefits
9/10
> Nigh shifts for women allowed (with safety measures)
> Fixed term employment, weeding out contractor route
>Migrant workers definition made comprehensive; portability of benefits
>Dignity of labour; assured wages and benefits
9/10
The #LabourReforms finally make Indian labour laws modern and futuristic. They protect worker rights and yet give freedom to wealth creators to operate with flexibility without fear of & #39;raid raj& #39;.
These laws are by far the greatest reforms yet for & #39;Ease of Doing Business& #39;. 10/10
These laws are by far the greatest reforms yet for & #39;Ease of Doing Business& #39;. 10/10
