As firms in India are expanding their footprint globally, they not only need to be competitive but also win the trust of both local and global customer and this will not be possible without following the best practices

Ministry has now sought views from stakeholders on these draft rules in 45 days. Along with OSH & WC, govt has also put forward draft rules for all four labour codes

Grover further noted that the long-term objective of the labour reforms should be to create more employment opportunities as India is set to surpass China as the most populous nation

Labour Minister Santosh Gangwar in September said that efforts would be made to complete the labour reforms by implementing the all four labour codes by December 2020

Labour unions have opposed new rule which allows companies with upto 300 employees to lay-off staff and close the firm without government approval. The threshold for this was 100 employees earlier

The three labour codes seen together fail to achieve even reasonable balance between enabling of ease of doing business, and protecting & strengthening labour welfare and their rights

Introducing the bills, Labour Minister Santosh Gangwar stressed that the objective of labour reforms is to have labour laws in line with the changing world of workplace and provide an effective and transparent system, balancing the needs of workers and industries

The central government is in the process of implementing Occupational Safety, Health and Working Conditions (OSH) Code, and Code on Wages

This is the second time BMS is opposing the policy moves of the re-elected NDA government. Last week, the organisation had opposed the government's plans to speed up the enactment of Labour Codes.

India, a fast-growing middle-income country, is at a critical juncture in its development trajectory.