A NEW SUNRISE

The Government of India has recently passed three key labour reform bills. This long due and much-awaited enhancement in the governance structure is likely to usher in a new era of progress and development.

- Niranjan Mudholkar

In a historic policy reform, the Government of India led by Prime Minister Narendra Modi has passed three key Labour Reform Bills in the parliament recently. PM Modi has himself hailed the same by saying that ‘the reforms will ensure well-being of our industrious workers and give a boost to economic growth’. Describing them as shining examples of ‘Minimum Government, Maximum Governance’, the PM further added that the reforms will contribute to a better working environment, which will accelerate the pace of economic growth.

Deepak Sood, Secretary-General, ASSOCHAM, has termed these labour reforms as a critical structural change that would bring about a new paradigm of the business environment. “Combining 29 different labour laws into four Codes would not only make compliance a lot easier but also boost investor confidence - both domestic and global, as competitiveness increases. The labour reforms must be viewed as a Win: Win for the employees and employer. The flexibility would rather result in the generation of additional employment, as has been clearly brought out by such a dispensation in Rajasthan,” Sood told The Machinist.

Aditi Sharma – Vice-President - Quality, Manufacturing, HSE, Cummins India, calls the Labour Reform Bills as ‘a positive step towards Atma Nirbhar Bharat’.