Monday, January 18, 2021

Prez gives nod to Industrial Disputes (Gujarat Amendment) Bill, 2020

- Advertisement -

President Kovind confers awards to 60 sportspersonsGandhinagar, Jan 9 (IANS): President Ram Nath Kovind have given his assent to the Industrial Disputes (Gujarat Amendment) Bill, 2020 which was passed in the Gujarat Assembly’s monsoon session last year.

“Labour law reforms have been done in line with Ease of Doing Business as per vision of the Prime Minister,” said Vipul Mittra, Additional Chief Secretary (ACS) of the Labour & Employment department.

According to the Industrial Disputes Act, 1947, establishments having 100 or more workers were required to seek prior permission of the state government before effecting layoffs, retrenchment, or closure. The number of workers has been increased to 300 in the recent amendment.

READ ALSO:  Modi urges people to be ‘Vocal for Handmade’ on Handloom Day

Similarly, in case of layoffs, workers were required to be paid compensation amounting to 15 days’ salary for every year of service in the 1947 Act. Now according to the amended law, the factories will have to pay workers an amount equivalent to the average pay of the last three months as compensation.

The exemptions in the amended law, according to the government, are aimed to reduce the compliance burden on industries, in order to attract new industries and investments to create more employment opportunities in Gujarat.

READ ALSO:  Rajya Sabha members urge reforms, more working hours

“The Covid-19 pandemic situation has adversely impacted industries and thereby economic growth. The government is playing the role of a facilitator to put growth back on track. These labour reforms, coupled with industry-friendly policies, quick decision-making, and availability of skilled manpower, will help Gujarat attract new industries. However, we are ensuring that interests of workers are also protected,” Mitra added.

READ ALSO:  President warned china on Independence Day eve, highlights Covid 19 issue
India Updates
India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

Follow Us On

Related News


Please enter your comment!
Please enter your name here

Trending Topics In India

Covid 19 India Updates

Trending News In India

Trending Showbiz

Trending Sports

Latest Trending News In India

Parliamentary panel summons FB, Twitter officials on Jan 21

New Delhi, Jan 17 (IANS) The Parliamentary Committee on Information Technology has issued summons to officials of Facebook and Twitter for January 21, to...

447 adverse events across India post-vaccination, 3 serious

New Delhi, Jan 17 (IANS) A total of 447 Adverse Events Following Immunisation (AEFI) have been reported in the last two days of the...

New-age insurance, green energy stocks in queue for Nifty50 entry

Mumbai, Jan 17 (IANS) New-age stocks from insurance, green energy and internet space are in the queue to enter benchmark Nifty50 index, which reflects...

Centre-farmers’ standoff will resolve through dialogues: Vice Prez

New Delhi, Jan 17 (IANS) Vice President M. Venkaiah Naidu on Sunday said that the current standoff between the protesting farmers and the Centre...