Watch: New Indian Labour Codes: wages, rights & benefits explained

The Hindu
The Hindu
2w ago • 19 views
India has consolidated 29 labour laws into four new codes, marking a significant reform in the country's labour market. This change aims to improve wages, rights, and benefits for workers.
Watch: New Indian Labour Codes: wages, rights & benefits explained
A What happened
India has undertaken a significant reform by merging 29 existing labour laws into four new Labour Codes. This change is one of the largest in the country's labour history and aims to streamline regulations. The new codes will cover various aspects, including wages, social security, safety rules, and union rights. Additionally, they will set new norms for layoffs and provide benefits for gig workers. The reform is designed to enhance workplace regulation and improve the overall rights and benefits for workers across different sectors. By simplifying these laws, the government hopes to create a more efficient and equitable labour market.

Key insights

  • 1

    Major labour reform: India's consolidation of laws is a historic change.

  • 2

    Focus on gig workers: New codes include specific benefits for gig economy participants.

  • 3

    Streamlined regulations: The reform aims to simplify compliance for businesses.

Takeaways

The introduction of the four Labour Codes represents a pivotal shift in India's approach to labour laws, aiming to enhance worker rights and streamline regulations for businesses.

Topics

Business & Markets Economy Work & Education Careers & Work World & Politics Policy & Regulation