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LATEST NEWS UPDATES | Labour Experts Dismiss Modi’s ‘Boost to Economy’ Brouhaha Over Codes -Ronak Chhabra

Labour Experts Dismiss Modi’s ‘Boost to Economy’ Brouhaha Over Codes -Ronak Chhabra

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published Published on Sep 29, 2020   modified Modified on Oct 2, 2020

-Newsclick.in

Reforms in labour laws will not create jobs, if at all, the conditions of employment will be a “disaster”, they say.

The labour codes approved by Parliament are the wrong solution for the wrong problem, experts and academicians argue, even as the Centre continues to harp on about bolstering investments and creating jobs through relaxing regulatory laws, now, more desperately in the wake of the pandemic-triggered disruptions.

The wrong problem: labour laws that regulate overall industry norms and working conditions cause hindrance to economic progress. The Economic Survey 2018-19, prepared by Union Ministry of Finance, had explicitly made a case for this by claiming that, “deregulating labour law restrictions can create significantly more jobs.”

Consequently, the recently concluded Parliament session saw the passage of three labour code bills; the one regulating wages and bonus payments was passed last year. In total, the four codes are set to replace and subsume 29 central labour enactments.

Labour experts warn that such a reform process – also involving dilution of certain regulations – will, on the contrary, deteriorate the working conditions of entire labour force in the country – a move that will benefit neither employer, nor economy, let alone a worker.

The further empowering of state governments to make amendments, under the three labour code bills that are currently awaiting President’s assent, has only furthered the fears voiced by experts, for the future of the country’s labour arrangement.

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Newsclick.in, 29 September, 2020, https://www.newsclick.in/Labour-Experts-Dismiss-Modi-Boost-Economy-Brouhaha-Codes


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