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Big breather for India Inc as government defers implementation of labour codes

Source | economictimes.indiatimes.com | Yogima Seth Sharma

The government has deferred implementation of the labour codes, including the Code on Wages, beyond April 1, giving companies more time to revamp their salary structures and human resource-related policies, which could have led to higher employee costs.

The labour codes has been postponed for “some time,” a senior labour ministry official confirmed to ET.

“Implementation of labour codes looks unlikely from April 1. The government wants at least some industrial states to notify rules across the four labour codes along with the Centre to avoid any legal void,” the official said.

The labour ministry is ready with the rules for the four codes and will notify them once some states are ready with rules applicable in their domain. Jammu & Kashmir has notified the rules, while Uttar Pradesh, Bihar, Uttarakhand and Madhya Pradesh have put up draft rules for two codes and Karnataka has prepared rules for one code.

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Source
economictimes.indiatimes.com
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