Although almost two decades have passed since the Second Labour Commission submitted its report, some crucial aspects of its recommendations are still very
Labour Codes- 2020-Some Reflections
Prof. (Dr.) D. Mukhopadhyay
According to the classical economists, labour, in terms of importance of factors of production, comes next to capital. It is perhaps impossible to carry out any production of goods and generation of service without scientific intervention of labour in any economy. Even in highly automated production and distribution system, at least one human being is required to switch on and switch off the automotive machine. Possibly, its functional importance made Labour comes under the ambit of the Concurrent List of the Indian Constitution which implies that the Central Government and the respective State Governments are statutorily empowered to make laws for regulating labour, taking care of interest of labour and maintaining industrial peace and harmony between the employees and the owners of the industrial organizations and undertakings in the country through the Parliament and the State Legislatures respectively. According to
The constitution of the committee, notwithstanding the technical expertise, will send adverse signals to the stakeholders that the government is simply biding time.
India was on a socialistic path initially before embarking upon liberalization. Quite naturally, there was a difference between the timing of those legislations and requirements of the day. Currently, India has legislations as old as.
Deriving The Meaning Of Wage : A Comparative Analysis Of The Payment Of Wages Act, 1936 And The Code On Wages, 2019 livelaw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livelaw.in Daily Mail and Mail on Sunday newspapers.