India moved on Tuesday to overhaul decades-old labor laws, some dating from Brit...
NEW DELHI - India moved on Tuesday to overhaul decades-old labor laws, some dating from British colonial rule, by introducing two key measures in parliament that aim to make it easier for industry to meet labor standards and create more jobs.
“A historical step for ensuring statutory protection for minimum wages and timely payment of wages to 500 million workers ... has been taken,” Gangwar said as he sought lawmakers’ support. The other measure, a safety bill that proposes a single-registration, single-licence regime for companies, instead of multiple permissions under 13 labor laws, allows women to work night shifts.
Industry welcomed the move, as helping to boost the competitiveness of domestic companies by lowering compliance costs. The wage code could fuel costs initially for some industries, though it provides for minimum wages to be fixed for five years, he added.
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