New Delhi, Jun 11 : After dithering for a long time on reforming the 'archaic' labour laws, the Central government is now mulling to reform 44 laws into four, official sources said on Tuesday.
Union Home Minister Amit Shah on June 11 chaired an inter-ministerial meeting on Labour reforms in North Block on Tuesday along with Labour Minister Santosh Gangwar, Finance Minister Nirmala Sitharaman and Commerce Minister Piyush Goyal. The meeting continued for over two hours."The Government is likely to move a Bill in the forthcoming Parliament session to change 44 labour laws into four labour codes", an official who is privy to this development said.
The most archaic of all was Trade Unions Act, 1926 which was enacted in the colonial period. It is the legislation regulating the trade unions in the country.On Jan 8, 2019 The Trade Unions (Amendment) Bill, 2019 was introduced in Lok Sabha by the Labour Minister Santosh Gangwar. The Bill amends the Trade Unions Act, 1926, which provides for the registration and regulation of trade unions. The bill also seeks to provide for recognition of trade unions or a federation of trade unions at the central and state level by the central and state governments, respectively. Such trade unions or the federation of trade unions will be recognised as Central Trade Unions or State Trade Unions, as the case may be.
44 into 4
The government's proposal of consolidating 44 labour laws would help investors and is expected to accelerate growth in the country. The four new labour codes are likely to be code on wages, industrial organisation, industrial safety and social security.
India being a country of young entrepreneurs, is in dire need of labour reforms. The following move by the government could boost economy and can also play a crucial role in 'ease of doing business' which may accelerate growth rate.