: Lok Sabha passes three labour codes on industrial relations, occupational safety and social security #FinanceIndia #StockMarketNEWS Lok Sabha passes three labour codes on industrial relations, occupational

@StockMarketNEWS Sat 26 Sep, 2020

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Lok Sabha passes three labour codes on industrial relations, occupational safety and social security #FinanceIndia #StockMarketNEWS
Lok Sabha passes three labour codes on industrial relations, occupational safety and social security New Delhi, Sept 23 (KNN) The Lok Sabha has passed the three labour codes — on industrial relations; occupational safety, health and working conditions; and social security after a debate in the Lok Sabha, and in the absence of the Opposition, who staged a walkout.

Minister of State (I/C) for Labour & Employment, Santosh Gangwar, while responding to the debate in the Lok Sabha, said that the three Bills introduced in the House for historic labour reforms in the country, will prove to be a Game Changer in the labour welfare reforms covering more than 50 crores organized and unorganized workers in the country.

This also includes a gig, platform and also opens up the doors for social security to those in the self-employment sector, he added.

The government also expanded the definition of “inter-state migrant worker” to ensure that no one gets left out of the social security net in future.

We have extended the definition of migrant workers, so that migrant workers moving from one state to another on their own and migrant workers who have been appointed by the employer from a different state can also be brought under the ambit of OSH code. At present, only migrant workers who had been brought through the contractor were benefiting from these provisions, the Minster added.

Gangwar also stressed that the changes and reforms in the labour laws have been conceptualized keeping in mind the changing scenario over the years and also making them futuristic so that the country marches on a faster growth trajectory. With these the peaceful and harmonious industrial relations will be promoted in the country which in turn will lead to growth of industry, employment, income, balanced regional development and will bring more disposable income in the hands of workers.

Gangwar further pointed out these path breaking reforms in the country will help our country to attract the Foreign Direct Investment (FDI) and also domestic investment from the entrepreneurs and will end ‘inspector raj’ in the country and will bring total transparency in the system.

“India will become a favourite investment destination in the world” he added.