Industrial Relations Code bill introduced in Lok Sabha

This bill is part of the government's initiative to reform labour laws by amalgamating 44 legislations related to labourers.

LS okays Wages Bill to replace four laws

As many as 17 present labour laws are more than 50-years-old and some of them even belong to the pre-independence era.

The government has taken several measures towards expansion of the organised sector, said Union Minister Santosh Gangwar.

Employment generation coupled with improving employability is the priority of government, said Santosh Gangwar.

Increase in minimum pension for employees affiliated to EPF to Rs 2000 will cost the govt Rs 4,671 cr and Rs 11696 cr if hiked to Rs 3000.

The report requires the NSC’s approval after which the NSSO is supposed to make it public.

Under PMMY collateral free loans up to Rs 10 lakh are extended to MSME to set up or expand their business activities.

The bill moved by Labour Minister Santosh Kumar Gangwar in the Rajya Sabha was passed by a voice vote.

Congress leader Jyotiraditya Scindia, whose party members were also in the Well, sought a discussion on the bills.

Gangwar said the ministry will continue to hold tripartite consultations, involving government, unions and industry.