Approval to labour reform bills by Parliament to help create job opportunities: CII

The move truly represents the big bang structural reforms which will go a long way towards improving the climate for both workers and industry, CII said. The reforms, it said, promise to reset the entire regulatory framework to benefit millions of...

Agencies
The reforms, it said, promise to reset the entire regulatory framework to benefit millions of workers and provide enterprises with flexibility, transparency and clarity.
New Delhi: The passage of three key labour reform bills in Parliament would facilitate expansion of establishments to create employment opportunities and help India become a preferred investment destination, industry body CII said. Rajya Sabha on Wednesday passed by voice vote the three labour codes on industrial relations, social security and occupational safety. These codes were passed by Lok Sabha on Tuesday.

The move truly represents the big bang structural reforms which will go a long way towards improving the climate for both workers and industry, CII said.

The reforms, it said, promise to reset the entire regulatory framework to benefit millions of workers and provide enterprises with flexibility, transparency and clarity.


"We believe that these new legislations would facilitate expansion of establishments to create employment opportunities and help India become a preferred investment destination," it added.
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