In a major constitutional decision which will have wide ramifications for India’s labour prospects, a 9-judge bench will start hearing arguments to determine if matter even needs relook.
BMS observed Feb 25 as ‘Virodh Diwas’, carrying out demonstration in several states to mount pressure to resolve long-pending issues faced by workers across sectors & industries.
A young workforce entering a changing labour market needs rules that recognise mobility, skill transitions, and new forms of work. Laws rooted in past industrial models cannot serve this future.
By consolidating 29 laws into four codes, compliance is streamlined and regulations are simplified, improving “ease of doing business”. This is bound to improve investor confidence.
Imposition of formal rights and digital compliance mechanisms introduces new expectations for both employers and workers. This transition will require sustained awareness efforts.
Calling for immediate implementation of Wage Code and Social Security Code, BMS is opposed to clauses in Industrial Relations Code and Occupational Safety, Health & Working Conditions Code.
Parliament had passed codes that consolidated 29 central labour laws between 2019 & 2020 but are yet to notify them. Meanwhile, even non-BJP ruled states have eased labour laws.
The current Iran war has laid bare a fundamental reality: 20 per cent of global energy trade cannot afford to rely on a single artery, no matter how resilient and cost-effective.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
COMMENTS