Sitharaman stresses Modi 2.0 to go ahead with labour reforms

Finance Minister Nirmala Sitharaman Friday gave a clear indication that the Modi 2.0 government would go ahead with labour reforms to improve the ease of doing business by standardising and streamlining multiple labour laws into a set of four labour codes.

During the past five years, the government tried to push labour reforms, but trade unions continuously opposed certain amendments in labour laws. The government wants to concise 44 labour laws into four broad codes on wages, social security, industrial safety and welfare, and industrial relations.

Presenting her maiden Budget, Sitharaman said in Lok Sabha, "The government is proposing to streamline multiple labour laws into a set of four labour codes. This will ensure that process of registration and filing of returns will get standardized and streamlined. With various labour related definitions getting standardized, it is expected that there shall be less disputes."