OSHWC Code Delivers A Mixed Bag Of Assurances
1On the one hand, the new labour codes are expected to bring about a higher level of regulatory compliance, give industries/businesses greater flexibility and simultaneously protect workers' rights and benefits. On the other, they are also being seen as enablers to boost India's ranking in the Ease of Doing Business index and attract higher inflows of foreign direct investment (FDI). The three new codes, along with the Code on Wages, 2019 (passed in August 2019), are the culmination of years of effort to streamline and consolidate over 100 state and 40 central labour laws regulating various aspects of labour.
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