-The Hindu Business Line Going by the experience worldwide, it is unlikely to generate jobs in the formal sector Changes in land and labour laws are the two most important components of the second generation of economic reforms. Since early 1990, a slew of economic reforms have been initiated in almost all sectors. However, the governments in power from 1990 through 2014 did not introduce radical changes in the prevailing land and...

-The Financial Express The Modi government’s ambitious labour reform agenda may take a while to be implemented as the 46th Indian Labour Conference (ILC) that concluded in New Delhi on Tuesday could not reach a consensus on many contentious proposals and resolved to hold tripartite consultations. The Modi government’s ambitious labour reform agenda may take a while to be implemented as the 46th Indian Labour Conference (ILC) that concluded in New Delhi...

-The Indian Express Niggling procedural hassles stymie efforts to modernise antiquated labour regulations.   As it completes one year in office, the NDA government seems to have finally bit the bullet and taken up the controversial Industrial Disputes Act, 1947, for amendments that would allow easier retrenchment and closure norms for firms with up to 300 workers though ensuring that the employees get higher compensation in return. The draft code on industrial relations has...

-Economic and Political Weekly The current regime seeks to reform labour laws with the understanding that these reforms will improve industrial growth and expand the possibilities of enterprise. However, there is already ample evidence from within India that this obsession with reforming labour law, particularly in the way the government has done it till now, will not take us any closer in creating more jobs or a healthy industrial sector. These...

-Business Standard State expects more investment as industry cheers move Paving the way for the first set of labour reforms in the country, President Pranab Mukherjee has given his assent to Rajasthan's amendments to three laws. Among major changes, the Industrial Disputes Act will allow companies employing up to 300 staffers to lay off workers or close down without taking the government's prior approval. Earlier, those with up to 100 employees...