PM Narendra Modi launched labour reform initiatives to lessen the hassles for employees and to create a conducive environment for businesses in the country. Modi tweeted that ease of doing business is essential for the success of “Make In India” campaign.
Modi inaugurated the ‘Pandit Deendayal Upadhyay Shramev Jayate Karyakram‘ organised by the labour ministry, which will feature a day-long conference of labour, employment, health and vocational training ministers of the various state governments.
The major reforms will be “Shram Suvidha” – a unified labour and industrial portal, where all data will be stored. The other will be the “Labour Inspection Scheme,” which aims at ending arbitrariness in the inspection mechanism.
A unified Labour Identification Number (LIN) for simplifying business regulations and securing transparency and accountability in labour inspections by various agencies and bodies under the administrative control of labour ministry will also be launched.
For easier access to employees’ provident fund accounts and insurance schemes, the accounts would be made portable and linked to bank accounts.
India ranked 134 among 189 countries in terms of ease of doing business in 2014, according to the World Bank report.