With 25 of India’s 28 states and eight Union Territories having finalized draft rules under the new labour code laws, the long-anticipated implementation of the four labour codes passed by Parliament in 2019-2020 appears to be finally approaching.
The four labour codes aim to strike a balance between easing labour market restrictions and enhancing workers’ rights and welfare.
To streamline business operations and encourage trade and investment, 44 labour-related laws were consolidated into four comprehensive codes. These reforms aim to simplify compliance requirements while also decriminalizing several minor offenses. The new codes place a particular focus on skill development and enhancing mechanisms for dispute resolution.
Although the government has not yet set a date for notifying the labour codes, it is expected to happen by next year. India’s new labour codes are set to revolutionize the way companies manage their workforce. India’s business landscape is expected to undergo significant changes with the introduction of four new...
