Labour Laws amendment
India’s archaic labour laws have been highlighted as one of the key impediments in attracting investment in labour intensive manufacturing - key to India’s employment and job challenges. The labour reforms are a step in the right direction and will provide a fillip to domestic competitiveness.
Most of the above changes are going to help in doing business at ease which will eventually attract investors, including FDI. Only concern is, elimination of Standing Orders and elimination of labour unions’ interference for establishments employing up to 300 workers will not go down well with people as it will hinder job security of the workers.