Labour Reforms Current Affairs, GK & News
On January 22, 2020, India joined Reskilling Revolution initiative of World Economic Forum. It helps economies to adopt o changes being introduced by Fourth Industrial Revolution. Highlights India joined the Reskilling Revolution Initiative launched at the World Economic Forum as founding member. The other founding members include US, UAE, Russia, Pakistan, France and Brazil. The ..
Category: International / World Current Affairs
On November 21, 2019, the Union Cabinet approved the introduction of Industrial Relations Code, 2019. This is the third code under labor reforms. Under the new code, forty-four laws are to be amalgamated into four codes. The four codes include wage rates, social security, industrial relations and industrial security and labor welfare. Features of the ..
Category: Legal & Constitution Current Affairs
The labour reforms initiated by the government of Rajasthan have spurred growth in Rajasthan’s MSME sector. What were the Reforms? In 2014-15 the government of Rajasthan amended four labour laws: The Industrial Disputes Act, 1947. The Contract Labour (Regulation & Abolition) Act, 1970. The Factories Act, 1948. The Apprentices Act (1961). Changes brought in by ..
India has wonderful opportunities to gain from the ongoing trade war between the US and China. But the structural challenges are blocking India from fully capitalising from these opportunities. Structural Challenges India lags in competitiveness. With the rank of 58, India still ranks below China (28) in the World Economic Forum’s Global Competitiveness Rankings for ..
Topics: Bangladesh • China • Ease of Doing Business ranking • Global Competitiveness Rankings • Labour Reforms • Land Reforms • Logistics Performance Index • US-China Trade War • USA • Vietnam • World Bank • World Economic Forum
The Union Government as part of labour law reforms has undertaken drive to rationalize 38 Labour Acts by framing 4 labour codes viz Code on Wages, Code on Social Security, Code on Industrial Relations and Code on occupational safety, health and working conditions. The codification of labour Laws will remove multiplicity of definitions and authorities ..
The Union Cabinet has approved the Labour Code on Wages Bill which will ensure a minimum wage across all sectors by integrating existing labour related laws. The Labour Code on Wages Bill consolidates the Minimum Wages Act, 1948, the Payment of Bonus Act, 1965, the Payment of Wages Act, 1936 and the Equal Remuneration Act, ..
Month: Current Affairs - July, 2017