Revision of labour laws to attract investments, create jobs: BCIC
The Bangalore Chamber of Industry and Commerce (BCIC) welcomed the Union Cabinet’s decision to approve amendments to three key labor laws. The amendments to the labour law were proposed during the Budget announcement made by Union Finance Minister Arun Jaitley. A N Chandramouli, President, BCIC said: “These amendments will create a conducive atmosphere for business and labor. Some of the recommendations such as doubling the provisions of overtime from 50 hours a quarter to 100 hours; relaxing the norms of female participation in labor intensive sectors such as , readymade garments, are long standing demands of the BCIC which has been finally addressed by the new Government.”
The Bangalore Chamber of Industry and Commerce (BCIC) welcomed the Union Cabinet’s decision to approve amendments to three key labor laws. The amendments to the labour law were proposed during the Budget announcement made by Union Finance Minister Arun Jaitley. A N Chandramouli, President, BCIC said: “These amendments will create a conducive atmosphere for business and labor. Some of the recommendations such as doubling the provisions of overtime from 50 hours a quarter to 100 hours; relaxing the norms of female participation in labor intensive sectors such as , readymade garments, are long standing demands of the BCIC which has been finally addressed by the new Government.”
Read the Hindu BusinessLine news report here.
