NITI Aayog bats for continued labour reforms

The think-tank wants fixed-term employment in all sectors

As part of its suggestions for a wide range of labour reforms, the NITI Aayog has argued for extending fixed term employment beyond apparel manufacturing to all sectors.

It has also said that all enterprises, which are less than five years old with annual turnover of less than Rs 25 crore, be considered start-ups, thereby significantly reducing the labour compliance burden on them.

The suggestions to streamline labour laws across the country are part of the Aayog’s three-year action agenda, the draft of which was shared with chief ministers in a recent meeting last Sunday.

While the last economic survey