Indian Government Fully Operationalises Four New Labour Codes
Major reform consolidates 29 central labour laws to enhance worker welfare and ease of business.
Source: Economic TimesThe Indian government has fully operationalised four new labour codes, marking a significant reform in the country's labour laws. These codes aim to simplify and modernise the regulatory framework, replacing 29 existing central labour laws. The reforms seek to improve ease of doing business for employers while ensuring better social security, wages, and working conditions for workers. Key objectives include providing a universal minimum wage, expanding social security coverage, and promoting industrial harmony. This move is expected to streamline compliance and boost economic activity.
- The four new labour codes are: The Code on Wages, 2019; The Industrial Relations Code, 2020; The Code on Social Security, 2020; and The Occupational Safety, Health and Working Conditions Code, 2020.
- These codes consolidate and replace 29 complex central labour laws, simplifying the regulatory landscape.
- The Code on Wages aims to provide a universal minimum wage and timely payment to all workers.
- The Code on Social Security expands social security benefits like provident fund, ESI, and gratuity to a wider range of workers, including gig and platform workers.
- The Industrial Relations Code focuses on improving industrial relations, facilitating ease of doing business, and protecting workers' rights in industrial disputes.
A set of four new laws in India (Code on Wages, Industrial Relations Code, Code on Social Security, Occupational Safety, Health and Working Conditions Code) that consolidate and simplify 29 existing central labour laws. They aim to improve worker welfare, ensure minimum wages, provide social security, and enhance ease of doing business.
One of the four new labour codes, enacted in 2019. It aims to regulate wage and bonus payments in all establishments and ensure a universal minimum wage for all workers across India, replacing four existing laws related to wages.
One of the four new labour codes, enacted in 2020. It aims to amend and consolidate laws relating to social security with the goal of extending social security benefits to all employees and workers, including those in the unorganised sector, gig workers, and platform workers.
Exams frequently ask about the names of the new labour codes, the number of old laws they replace, and their primary objectives like universal minimum wage or social security expansion.
Remember the four codes by their main focus: WAGES (Code on Wages), IR (Industrial Relations Code), SS (Social Security Code), OSH (Occupational Safety, Health and Working Conditions Code).