The government is coming up with a vision to consolidate and simplify Acts dealing with labour laws wherein around 44 different Acts will be integrated into 5 Acts only. This will certainly boost business as will removal of redundant provisions that are not in sync with the current business environment.
As we are on the path of development and emerging a stronger economy, there is an urgent need to reform laws around the workforce and its management. The management of workforce is one of the most crucial aspects for smoother functioning, especially in labour-intensive industries like manufacturing, mining, ports etc. Timely delivery is highly dependent on seamless labour management apart from access to raw material and energy resources. In the current era of dynamic growth and global competition, profits are interlinked with timelines, wherein any conflict between management and its workforce may seriously affect the same. The need of the hour is that labour laws should be clear, unequivocal, matching with the current pace and having a vision of the future.
Current Scenario
As on date, voluminous litigation in different courts revolves around whether an employee falls under the definition of workmen as that is instrumental for application of various statutes. Further, there are many redundant provisions and pace with the present business environment is missing.
This story is from the September 2016 edition of LegalEra.
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This story is from the September 2016 edition of LegalEra.
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