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