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

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