Ad Here  
June
July
August
September
October
November
 
 
Climate change may change the way businesses work... Economic, business and social sustainability Schwing Stetter India joins hands with US-based Gomaco Connecting the unconnected SumInfra- corridor based development... Veritas Finance- financing the unfinanced Gem of social service... Nigeria comes nearer Inclusive and forward moving... Housing Innovation Challenge, 2015 Ridley marathon to India Downsizing spree... Research needs more funding Waste, a gold mine Pharma market dozes Carrefour’s quick exit Sun Edison launches solar pumps WABCO’s second Chennai plant TCS’ revenues cross Rs 100,000 crore Celebrating 180 years of relevance Scoot offers just Rs.13,500 to ANZ... TII-challenging year with flat growth Flexible labour laws… Techies trip to India Striking cords for 25 years… TVS Logistics – another acquisition to sharpen the business model Three more leather clusters… Innovation that helped Chennai port Indian Bank – global businesses crosses Rs 3 lakh crore... Industry-well poised to invest on expansion On the ‘milky’ way Towards peace of mind Nothing to hide... Realising double digit growth in Tamil Nadu STFC raises money Business Breif Backpack laboratory Focus on self-certification and third party inspection Dynamic e-commerce scenario Chennai will soon get its World Trade Centre - Celebration time at MS Chola LVB gears to become a financial supermarket People Flow Day- Safety Auto test tracks launched at GARC Oragadam campus TN budget pragmatic and moderate on fiscal deficit TiE applauds innovative entrepreneurs Realty sector takes a break... Tata Steel commence operations at Kalinganagar Apple maps – finding its way Secured NCDs from Shriram City BRICS development bank Purdue and IIT-M sign the dotted line Blue Star plans a new plant in south Need to focus on ease of doing business... Hyundai excites again Brand leaders come forward... ECGC expands operations IFCI to raise NCDs upto Rs 2000 crore Investor friendly Japan An American alliance in the chemical industry? Illicit markets a concern to growing economy Chennai Port is at last decongested! Well-refined – RIL’s refinery margins zoom Airlines wage price war OBO Bettermann for better lightning protection An aerospace-defence cluster in Tamil Nadu… When Centre visits the state Automotive Vision Plan II... Placing the right shoe forward... Is Indian telecom industry heading for a monopoly? Murugappa- a year of consolidation European crisis is a global crisis! Adding Zest to Scooty Holiday Inn opens in OMR Chennai Durga - India’s largest blast furnace; now operational The new look- 4s Verna Applauding enterprise... Chola MS launches motor app Smart controls for cooling large multi-zone spaces ... Four daughters and a proud father Bridging the skill deficit in pharma industry Creating Tamil Nadu Banana brand Rating of states to be released soon Big-ticket investments march towards Punjab More gensets and diesel engines from TAFE AirAsia India infuses funds to fight out competition CUB: towards card-less withdrawal Business Briefs TII’s single largest investment at Thiruthani Make way for the new and dynamic railways ISRO's 100th mission ALL to launch electric busses Curbing steel imports will hurt small business... Indigo stays leader with 40 per cent share Chola MS net crosses 100 crores World labour laws at a glance ALL-two launches in a row Reality bytes Chennai to get a roundabout Metro Changing dynamics in human resource management Hero Motocorp - smooth ride ALL – truck industry is recovering from degrowth Time to fast-pace the logistics sector Digital retail transactions stabilise at higher level… TOP 10 CEO Compensation Economic issues take a back seat at G20 summit Strategy war escalates between Hero and Honda Steel loses its sheen A global plastic event in India
 
World labour laws at a glance

A study on ‘Comparison on Labour Laws: Select Countries’ compiled by the Exim Bank and MCCI was launched recently. The bank’s CMD T C A Ranganathan stated that the book analyses the labour laws in 20 countries under 15 parameters. The parameters included regulations on collective bargaining and settlement of industrial disputes, contract labour and employment security based on termination, comparisons on conditions of work hours... India is way down on the list.

    Globally India’s exports are very low and imports have risen drastically. Ranganathan pointed out that even though Indian companies managed profitability, they did not have a place in world market due to lack of technology. On the contrary, China made a mark in world market with their cost-effective products while other developed countries had an upper hand on technology. India is still struggling to find its place between these two.

    Indian labour law was enacted during the colonial period and since then no drastic change has taken place on par with the change in labour behaviour.

    All the parameters mentioned above must have a change in accordance with present trend.  Only six states, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Madhya Pradesh and Tamil Nadu were found to be both employer and employee-friendly in India.

    India also ranked 82 in the Global Competitiveness Report by World Economic Forum and the reasons cited for this downfall were hiring and firing practice alongside restrictive labour regulations in India.

    With 487 million people coming under the labour sector and a change provoking study done by the EXIM bank team, changes in these laws will lead India to be competitive in global market.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com