PPT – Comparison between New Codes and earlier Labour Laws

Labour reforms when implemented would make Indian economy more productive and competitive. Now the 14 Central Acts which had 1458 sections, requiring937 compliances have been consolidated into four Codes with just 480 sections. Also when implemented, the industries would need to file just one return for all four Codes. The ultimate goal of the government is to see India gure in top   10 nations in ease of doing business index of World Bank with completion of long-pending labour reforms. These reforms could start a chain-reaction in the economy. With ease of compliance would come increased formality, which will lead to proliferation of larger enterprises and more organised jobs, which, in turn, will ensure that more firms and workers pay taxes, increasing government revenues.

Comparison between New Codes and earlier Labours Law (G&CC Management Services)