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Haryana's myopic law

The impact of jobs for locals will not be limited to the state

Topics
Haryana | jobs | unemployment

Business Standard Editorial Comment  |  New Delhi 

The government has notified a law mandating private companies to reserve for local candidates. The State Employment of Local Candidates Act, 2020, requires all companies, societies, trusts, partnership firms, and limited liability partnership firms to provide 75 per cent with a monthly salary of up to Rs 50,000 to local candidates. The potential impact of the law can be gauged by industry’s reaction, which usually avoids criticising governments. One of the industry chambers rightly noted it would “spell disaster” for the state’s industrial development. In fact, the impact will not be limited to the state alone.

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First Published: Sun, March 07 2021. 22:41 IST
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