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Employment Generation, Flexibility In Labour Laws Will Be An Imperative To Growth: PHD Chamber

Capital Market 

Fundamentals of our economy are strong and progressing in tandem with the goal to achieve USD 5 Trillion economy by 2024-25 said Dr D K Aggarwal, Sr. Vice President, PHDCCI in the conference on Labour Law Reforms - Accelerating Ease of Doing Business organized on 18th September, 2019 at PHD House, New Delhi.

Taking advantage of the demographic dividend and enhancing employment opportunities, flexibility in labour laws will be an imperative to further growth. Appreciating Rajasthan's successful introduction of labour reforms in 2014, Dr Aggarwal suggested that other states should replicate Rajasthan model to enhance productivity, efficiency and build conducive business environment. Transparent and efficient labour inspection digitalization and technology should be introduced, said Dr D K Aggarwal.

Heeralal Samariya, Secretary, Ministry of Labour & Employment, Government of India said that employers should treat workers as a part of family. Good practices that sustain harmonious Industrial Relations should be part of labour laws. Government of India has simplified many labour laws by bringing 44 laws under the ambit of four codes he said. Adding that his Ministry is working towards uniform definition of all codes and removing all ambiguities he asked PHD Chamber to come up with effective industry representations on the three labour codes that are in pipeline. This will help in making amendments that can be made which is beneficial for both, employees and employers, said Shri Heeralal Samariya.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 20 2019. 08:51 IST
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