NITI Aayog urges labour reforms

NITI Aayog has pressed for ‘substantive’ reforms in labour laws to take the country out of the current low-productivity and low-wage jobs situation.

It has also said that unifying the existing large number of labour laws into four codes without reforming them will serve little purpose.

A panel, headed by Finance Minister Arun Jaitley, is mulling converting 44 labour laws into four simplified codes. They relate to industrial relations, wages, social security and safety.

“These (labour) reforms must begin as soon as possible even though their completion may take some years,” said the government’s think tank in its 3—year draft action agenda.