Tuesday, October 14, 2014

Narendra Modi to launch three key labour reform initiatives

10:48 PM Posted by Juan Samsel , , No comments
Modi will launche a single window system for labour law compliance, PF number portability and a revamped inspection system for companies on Thursday

New Delhi: Efforts to roll out labour reforms and make it easier for companies to do business in India are set to reach a milestone on Thursday when Prime Minister Narendra Modi launches a trio of key initiatives—a single window system for labour law compliance, provident fund (PF) number portability and a revamped inspection system for companies.

The labour ministry, which is hosting the event, said Modi’s Make In India mission will pick up speed if the nation’s archaic labour laws, seen as an impediment to manufacturing, are reformed and new initiatives are put in place.

This will be a “win-win for both the employees and employers”, a labour ministry official said on condition of anonymity. Modi launched the Make In India campaign on 25 September to promote manufacturing and create more jobs in the labour-intensive manufacturing sector.

A labour ministry note said Thursday’s programme “will be centred around five themes of ministry of labour and employment, including Unified Labour Portal and Labour Inspection Scheme in Central Sphere, (PF) Portability through Universal Account Number (UAN) for Employees’ Provident Fund, Apprentices Act, 1961, to improve training facilities to apprentices, the Industrial Training Institutes (ITIs) that supply skilled manpower to manufacturing industry, and competitions to foster the healthy spirit of competitiveness”.

Mint has reviewed a copy of the note.

Through the single window system, companies will be able to file just one return online for 16 labour laws, replacing the current system where returns are filed manually for each of the laws. “Once, the scheme is launched by the PM, we would talk to states so that more than 25 other laws under the state jurisdictions can be brought under one platform,” said the ministry official.

India has as many as 44 labour laws.

Read More, Visit Source: Livemint
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