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