Allowing 12-hour shifts for all and nighttime work for women was meant to benefit software firms, but is said to have clinched Foxconn's Rs 8,000 cr investment
When asked about the timeframe on introducing the Codes, sources said this would be done "as soon as possible". "We are talking to all states," the official cited above said
The four labour codes on wages, social security, industrial relations and occupation safety, health and working conditions are likely to be implemented by the next fiscal year
The count of the unemployed mounted to 38.7 million in December 2020 compared to 27.4 million in November, registering a massive increase of 11.3 million
The SC is seen to have lost much of its stature while dealing with political and human rights issues in recent times. In that context, its decisions on labour laws will be analysed threadbare
Draft rules of the three codes on industrial relations, social security, and occupational safety, health and working conditions are likely to be circulated by the first week of November for feedback
The move, after President's nod, will help industry push for exemption at a micro-level, and flexibility in retrenchment, working hours, safety standards and collective bargaining
Proposal will be a part of the Code on Industrial Relations, 2020 scheduled to be introduced by Labour and Employment Minister Santosh Kumar Gangwar in the Lok Sabha
According to Kumar, the objective of the Rs 20 trillion-economic stimulus package announced by the government was to revive aggregate demand and not just consumer demand
