Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....
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Code on Wages May be Implemented by September, Draft Rules Circulated
-Newsclick.in/ PTI The Labour Ministry has already put the draft rules issued on July 7 in the official gazette. The code subsumes 4 labour laws and is being opposed by trade unions. New Delhi: The Code on Wages, 2019, the first law under ‘labour reforms’, is likely to be implemented by September as the Ministry of Labour and Employment has put draft rules of the law in public domain for feedback, a...
More »Amid COVID-19 Effects, Executive Orders To Fast-Track Labour Codes -Sunil Prabhu
-NDTV Amid an expected global downturn of economy following the COVID-19 pandemic and the related lockdown, the outlook for India has been particularly gloomy. New Delhi: The coronavirus and the subsequent lockdown has pushed the government to take the ordinance route to formulate three of the four labour codes it is planning. The codes have already been introduced in parliament. One of them - the Code on Wages, which clubs together the...
More »The broken promise of decent and fair wages -Chandan Kumar & Raghunath Kuchik
-The Hindu The draft rules to the Wages Act, a law expected to provide economic and social justice, will only exploit workers further Amidst the upheaval of debates concerning hate-violence, Article 370 of the Constitution, the temple at Ayodhya, and others, the Central government has finally woken up to examine the backbone of the Indian economy (working people), by proposing the rules to the labour Code on Wages Act 2019. Earlier in...
More »India has a new code to simplify law on minimum wages -- but it doesn't give workers any real benefit -Anupama Kumar
-Scroll.in It provides no guidelines to account for minimum consumption by households, despite Supreme Court rulings on this. Over the past year, the government has taken steps to consolidate India’s complicated patchwork of labour laws into four codes. The Code on Wages, 2019, which received presidential assent on August 8, is the first of the codes to come into effect. This Wages Code has been enacted with the express objective of simplifying...
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