Liberalise labour laws, says FKCCI Chief

“The core issues of labour reforms centre on few major points such as wage policy, employment security, labour redundancy, industrial relations, labour market information and Human Resource Development. These issues can be solved by liberalising existing labour legislation, enacting a flexible exit policy, reforming trade unions, by continuously retraining and updating work force skills, worker participation in management and by good and clean corporate governance”, explained Pai.

“Only 11 per cent of social security is available for the total workforce of India which includes organised and government sector. About 89 per cent of the unorganised sector is without social security”, informs FKCCI Vice President J R Bangera in his inaugural address and adds that in a progressive country like India more people should come under social security.

The inauguration was followed by a presentation on labour laws by Joint Labour Commissioner Vasantkumar N Hittanagi. The presentation covered topics like Karnataka Shops and Commercial Establishment Act, Minimum Wages Act, Payment of Bonus Act, Payment of Gratuity Act, Payment of Wages Act, ESI, PF, Labour Welfare Fund Act and Standing Orders Act. FKCCI IR and HR Advisor B C Prabhakar spoke on ‘Legal strategies of Managing Contract Labour’.

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