SUBSCRIBERS
Modi leads overhaul of archaic labour rules
Published Thu, Oct 16, 2014 · 09:50 PM
New Delhi
INDIA will simplify employment rules and smooth the way for people to move social security funds when they change jobs, Prime Minister Narendra Modi said on Thursday, unveiling steps to reform the labour sector and boost employment.
India's archaic labour laws strictly regulate hiring and firing, while an onerous "inspector raj" deluges employers with paperwork, discouraging them from expanding and taking on new staff.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership
US labour costs rise by most in a year as productivity cools
US trade deficit narrows slightly in March
Canada posts surprise trade deficit as gold exports fell in March
OECD upgrades global growth outlook as US outperforms