NEW DELHI, Sept 23 - Parliament today approved three key labour reform Bills that will remove impediments to winding up of companies and allow firing of staff without government permission in firms with up to 300 workers from the existing 100, a move aimed at attracting more investments and job creation.
Rajya Sabha passed by voice vote the three labour codes on industrial relations, social security and occupational safety amid a boycott by opposition parties.
The first code on wages was approved by Parliament last year. With passage of these three Bills, 29 central labour laws have been codified into four broad codes as contemplated by the government under labour reforms.
The three codes were passed by Lok Sabha on Tuesday and these will now be sent to the President for his assent.
The Occupational Safety, Health and Working Conditions Code, 2020, will consolidate and amend the laws regulating the occupational safety, health and working conditions of persons employed in an establishment and related matters.
The Industrial Relations Code, 2020, seeks to consolidate and amend laws relating to trade unions, conditions of employment in industrial establishments or undertaking, investigation and settlement of industrial disputes.
The Code on Social Security, 2020, will amend and consolidate laws relating to social security with the goal to extend social security to all employees and workers either in the organised sector or the unorganised sector.
The Code on Wages 2019 was passed by Parliament last year. The passage of the remaining three codes by Parliament completes government�s efforts to reform labour laws. � PTI
