The Rajya Sabha approved a legislation aimed at simplifying archaic labour laws and laid the foundation for deeper changes in the country’s labour laws in the months ahead. The Upper House approved the bill exempting filing of returns and maintenance of records for units employing up to 40 workers. The definition of small establishments has also been proposed to be changed to firms hiring not less than 10 and up to 40 employees, against not less than 10 and up to 19 at present. The planned changes are expected to help small firms reduce paperwork, end harassment and encourage entrepreneurship and help create jobs.
The legislation, which amends the Labour Laws (Exemption from Furnishing Returns and Maintaining Registers by Certain Establishments) Amendment and Miscellaneous Provisions Act, 1988, seeks to widen the ambit of the Act to more establishments and simplifies forms for various returns to be filed and the register to be maintained by employers under different labour laws.
Since assuming power in May, the Narendra Modi government has taken some steps to amend some labour laws to boost the country’s ranking in the ease of doing business index, give a boost to the manufacturing sector and create jobs.
Global and domestic investors have cited stringent labour laws as one of the key obstacles to higher growth and investment.
The legislation, which amends the Labour Laws (Exemption from Furnishing Returns and Maintaining Registers by Certain Establishments) Amendment and Miscellaneous Provisions Act, 1988, seeks to widen the ambit of the Act to more establishments and simplifies forms for various returns to be filed and the register to be maintained by employers under different labour laws.
Since assuming power in May, the Narendra Modi government has taken some steps to amend some labour laws to boost the country’s ranking in the ease of doing business index, give a boost to the manufacturing sector and create jobs.
Global and domestic investors have cited stringent labour laws as one of the key obstacles to higher growth and investment.
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