Executive Directors commended India’s “very strong economic performance and resilience,” noting that growth has remained robust despite global uncertainty
Two key shifts for IT will be the standardised wage definition, which forces companies to lift the share of basic pay, and 48-hour work weeks. The quantum will depend on the size of the company and the maturity stage it is already in.
Developers, contractors and industry observers said that the reforms will reshape cost structures, productivity models and project timelines across real estate and infrastructure segments.
India’s labour law reform consolidates 29 legislations into four Codes, simplifying compliance, enhancing worker protections, and promoting flexibility. These changes aim to boost investment, job creation, and inclusivity, supporting economic growth
The new framework extends minimum wage requirements to all workers, including those in the unorganised sector, ensuring broader coverage across employment types
Shah remarked that the codes, crafted under the leadership of Prime Minister Narendra Modi, represent "the biggest reform in the history of labour laws."
In 2023–24, workers in Andhra Pradesh logged 47.4 hours a week against 46.5 in Tamil Nadu, 45.6 in Kerala, and 47.1 in Karnataka
Around 30 states/UTs have published the draft rules in line with the four Codes, and most (about 20) have implemented those changes. But given the reluctance of the labour unions, the Centre has not formally notified them, officials say.
Nasscom said in a statement that the global tech industry, which is largely customer-focused, operates on a merit-based system, emphasising high-tech skills to meet evolving customer demands.
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The proposed amendment to the Karnataka Shops and Establishment Act mandates employee consent for overtime and proposes double pay. However, the IT employees' union opposes the move and has decided to stage a protest on August 3.
In a circular dated June 10, Karnataka government extended the exemption for IT, ITeS, startups, animation, gaming, computer graphics, telecom, and BPO industries for another five years.
According to the paper, state-level compliances to labour laws constitute 31,605, i.e. 97 percent of the total labour-related obligations while union-level compliances constitute to about 937
Moneycontrol has learnt that in the runup to the Union Budget, the group will shortlist provisions in various Acts in which imprisonment can be done away and replaced with a penalty. The Income Tax Act, Central Excise Act and Central Goods and Services Tax Act are also being looked at
Budget 2024-25: The government’s priority will be to work on labour laws and decriminalise certain key provisions in the laws. This is a key area because India has one of the largest workforces in the world
According to the ‘Occupational Safety, Health and Working Conditions Code’ — one of the 4 labour laws, ’employee’ in this case means those who are not in managerial or supervisory roles.