India's Government Unveils New Employment Policy Following Labour Code Implementation
Govt eyes new employment blueprint after labour code rollout
The Economic Times
Image: The Economic Times
India's Labour and Employment Minister Mansukh Mandaviya announced the full operationalization of four new labour codes aimed at benefiting both workers and businesses. The government plans to introduce a comprehensive employment policy to enhance job creation, emphasizing the need for cooperation between labour and industry.
- 01Four new labour codes have been fully operationalized.
- 02The government aims to create a comprehensive employment policy.
- 03The new framework consolidates 29 existing labour laws.
- 04India's domestic demand positions it as a significant global market.
- 05Collaboration between labour and industry is essential for effective coordination.
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India's Labour and Employment Minister Mansukh Mandaviya announced that the government has fully operationalized four new labour codes designed to be both pro-worker and business-friendly. These codes, which include the Code on Wages (2019), Industrial Relations Code (2020), Code on Social Security (2020), and Occupational Safety, Health and Working Conditions Code (2020), consolidate 29 existing labour laws into a streamlined framework. Mandaviya emphasized the importance of a comprehensive employment policy that will serve as a blueprint for job creation, highlighting the need for labour and industry to work in tandem for effective coordination. He noted that India is emerging as a significant market globally due to its substantial domestic demand, which further underscores the importance of these reforms.
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The new labour codes and upcoming employment policy could lead to increased job opportunities and better working conditions for employees, benefiting both workers and businesses.
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