New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
New Delhi: Chinese Foreign Minister Wang Yi Tuesday pushed for a “dual-track” progress for ties with India, separating economic ties from the boundary question,...
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
The Labour ministry is taking the correct view. If labour laws need to be amended to allow employers more flexibility in hiring and firing, that should come from a substantive dialogue with all stakeholders. Not these Ordinances rushed through at a time when the working class – in both the organised and unorganised sectors – is facing a tsunami of distress. In any case, for serious job creation to take place, states like UP and MP will have to do a lot more on infrastructure and other fronts as well. It is also true that some of the rights like an eight hour working day have been secured by workers after long periods of exploitation. ILO’s concerns are justified.
Advisory appears just to convince ILO else the government should have acted immediately when the amendments were announced. Still doubtful if the intent is to ensure compliance of labour laws or just a paper work with leeway to states to go ahead with modifications in name of reforms.
The Labour ministry is taking the correct view. If labour laws need to be amended to allow employers more flexibility in hiring and firing, that should come from a substantive dialogue with all stakeholders. Not these Ordinances rushed through at a time when the working class – in both the organised and unorganised sectors – is facing a tsunami of distress. In any case, for serious job creation to take place, states like UP and MP will have to do a lot more on infrastructure and other fronts as well. It is also true that some of the rights like an eight hour working day have been secured by workers after long periods of exploitation. ILO’s concerns are justified.
Advisory appears just to convince ILO else the government should have acted immediately when the amendments were announced. Still doubtful if the intent is to ensure compliance of labour laws or just a paper work with leeway to states to go ahead with modifications in name of reforms.