Upcoming Labour Codes

Upcoming Labour Codes

The Labour reforms will ensure ‘Ease of Doing Business.’ These are cutting-edge laws aimed at empowering businesses by minimizing red tape and compliance and existing ‘Inspector Raj’.The new Labour code seeks to cater to the needs of industry and the workers which keep on changing. Accordingly, the law also needs to be changed, reviewed and rationalized. The new Labour Code ensures that minimum wages are paid on time and workers' occupational safety is prioritised. The measures will help to improve the working environment, which will help to boost economic growth.

Since labour is a concurrent subject, both the central and state governments have to frame the rules. The present central government initiated a comprehensive process of labour law reforms by undertaking the exercise of codification of a large number of existing labour legislation in 4 major Labour Codes which are yet to be notified. They are:

1. The Code on Wages, 2019;
2. The Industrial Relations Code, 2020;
3. The Occupational Safety, Health and Working Conditions Code, 2020; and
4. The Code on Social Security, 2020