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International Labour Organization Director-General Gilbert F Houngbo has said social dialogue among government employers and workers will remain essential as the labour codes are implemented to ensure they are positive for workers and business. In a post on X, he said: "Following with interest developments of India's new Labour Codes announced today, including on social protection & minimum wages." In a landmark overhaul of labour laws, the government on Friday notified all four labour codes, ushering in major reforms, including universal social security coverage for gig workers, mandatory appointment letters for all employees, and statutory minimum wages and timely payment across sectors. Meanwhile, reacting to the labour codes, Sajja Praveen Chowdary, Director, Policybazaar for Business said making annual health checks mandatory for employees above 40 years marks an important shift in how organisations view workforce wellbeing. In the long run, this alignment of policy and ...
The Congress on Friday slammed the government over an International Labour Organisation report pointing to wage inequality in India, claiming this is a direct consequence of Prime Minister Narendra Modi's "pakoda-nomics" which is about 'pakodas' for the masses and 'halwa' for the chosen few. Congress general secretary in-charge communications Jairam Ramesh said the International Labour Organisation's just released Global Wage Report 2024-2025 has some concerning findings about wage inequality in India. Citing the report, he said the top 10 percentile of India's income-earners earn 6.8 times more than the bottom 10 percentile. "This is significantly more unequal than nearly every country in our neighourhood, including Pakistan, Bangaldesh, Bhutan, Nepal, and Myanmar," Ramesh said in a post on X. He further cited the report to state that India has one of the lowest share of wage-workers among all lower-middle-income countries. Most workers are engaged in self-employment which is ...