 "Government to amalgamate labour laws into four codes")
The Union Minister for Finance and Corporate Affairs, Arun Jaitley while presenting the Union Budget 2017-18 in the Parliament on Wednesday said that the government is keen on fostering a conducive labour environment wherein labour rights are protected and harmonious labour relations lead to higher productivity.
Legislative reforms will be undertaken to simplify, rationalise and amalgamate the existing labour laws into four codes. These include wages, industrial relations, social security and welfare in addition to safety and working conditions.
Jaitley further said that the Model Shops and Establishment Bill 2016 has been circulated to all states for consideration and adoption. This would open up additional avenues for employment of women. The government also touted amendment made to the Payment of Wages Act as another initiative for the benefit of the labour and ease of doing business.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%