Popular News From Popular Sites: India's Modi eyes first labour overhaul in decades to create jobs

Sunday, June 29, 2014

India's Modi eyes first labour overhaul in decades to create jobs

A labourer cuts an iron rod at the construction site of a flyover on the outskirts of the western Indian city of Ahmedabad By Rajesh Kumar Singh NEW DELHI (Reuters) - Prime Minister Narendra Modi has set in motion the first major revamp in decades of India's archaic labour laws, part of a plan to revive the flagging economy, boost manufacturing and create millions of jobs. Successive governments have agreed labour reform is critical to absorb 200 million Indians reaching working age over the next two decades, but fears of an ugly union-led backlash and partisan politics have prevented changes to free up labour markets. Officials at the labour ministry say this is a top priority in the government's first 100 days in office. India has a forest of labour laws, including anachronisms such as providing spittoons in the work place, and are so complex that most firms choose to stay small.




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