General elections being just over one year away notwithstanding, the government is not looking at slowing down on labour reforms in 2018 and is likely to get at least two codes on wages as well as industrial relations passed by Parliament.
The Ministry of Labour and Employment has envisaged to concise over 44 labour laws into four broad codes in wages, industrial relations, social security, and occupational safety, health and working conditions. Labour Secretary M Sathiyavathy expressed the ministry's intent to push all four codes for passage in Parliament next year. "Government is not going slow on labour reforms. All four codes would be pushed in 2018," she said. The codification of the labour laws will remove the multiplicity of definitions and authorities leading to ease of compliance without compromising wage security and social security to workers.
The draft Code on Wages Bill 2017 was introduced in the Lok Sabha in August 2017. The bill will be pushed for consideration and passage in the Lok Sabha and subsequently in the Rajya Sabha in 2018.
The Code on Wages rationalises, amalgamates and simplifies the relevant provisions of the four labour laws--The Minimum Wages Act, 1948; The Payment of Wages Act, 1936; The Payment of Bonus Act, 1965, and The Equal Remuneration
Act, 1976.
Similarly, Code on Industrial Relations Bill has been finalised by a group of ministers headed by Finance Minister Arun Jaitley and is likely to be approved soon for putting it before Union Cabinet so that it could be pushed for passage in Parliament next year.
The Trade Unions Act, 1926, the Industrial Employment (Standing Orders) Act, 1946, and the Industrial Disputes Act, 1947, would be combined into the code on industrial relations. The unions had objected the proposed amendment in the bill to allow units with up to 300 workers to retrench, lay off or close down without the permission of the government.
Diese Geschichte stammt aus der February 2018-Ausgabe von Business Sphere.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der February 2018-Ausgabe von Business Sphere.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
6 Best Countries To Live In
There's a lot to consider before moving abroad: how the transfer will change your daily life and influence your family; whether the health care will meet your needs.
Vijay Laxmi Labels Pvt. Ltd. - Barcoding its way into the hearts and minds of the clients
Barcodes is one labeling narrative that seems to have taken over the entire culture of storing, warehousing, and shopping, per se.
The truth and nothing but the truth
One would expect anyone, much less an IPS officer who has been in public gaze for over four decades for his extraordinary exploits, to be very careful to cover his tracks when he makes his diaries public.
World Bank's Ease Of Doing Business Ranking 2020 — Top 10 Countries
What is the first thing that comes to mind while thinking about starting a new business?
SK SYSTEMS PVT. LTD. - The roadmap to success is only and only sheer toil
The top management of any successful corporation makes a big difference to the overall efficiency, work-life balance of the employees, and to the working capacity of the units. If the head honchos are positive and charged up, the day, month, and year, of the concerned company is surely made. It will really help in rolling in higher profits, bigger and better bottom-line figures, and up the ante of the morale of the entire team. Such kind of positivity seems to stem from the strong and surging vibe given by Mr. Ajay Bhargava, Managing Director and Mr. Sanjay K. Gupta, Mrs. Shobha Bhargava & Mr. Adesh Gupta, all Directors of SK Systems Pvt. Ltd.
Diseases you can curb with yoga
Yoga is an Indian art form which is more than a mere type of exercise or way of breathing.
PM dedicates Kochi - Mangaluru Natural Gas Pipeline to the Nation
Pipeline would improve the ease of living for the people of Kerala and Karnataka. Blue Economy is going to be an important source of Aatamnirbhar India : PM
Movies And Web Series That Created A Lot Of Hype This Year
2020 hasn’t been the best year. Art and artists came to our rescue and helped many of us sail through some tough times.
Ambition Gifts - It's all in a name
It’s all in a name. Or so say all of us. If this idiom is true, ‘Ambition Gifts’ of New Delhi surely have their name etched out in the sun.
Adani Wilmar stops ads featuring Sourav Ganguly after he suffers heart attack
Adani Wilmar, maker of Fortune brand of edible oils, has stopped all ads featuring former cricketer and Board of Control for Cricket in India (BCCI) president, Sourav Ganguly three days after he suffered a heart attack in his hometown, Kolkata.