A Concerted And Time-Bound Effort In Reforming Archaic Labour Laws Mooted

Printer-friendly versionPDF version

The Indian Staffing Federation organised a National Conclave emphasizing the urgency for Labour Market Reforms

New Delhi, Delhi, India., February 12, 2013 - (PressReleasePoint) - Indian Staffing Federation (ISF), the apex body of Staffing Companies in India, today organized a National Conclave on “Labour Market Reforms: Cornerstone for inclusive growth in Employment and Social Cohesion”, in Mumbai.  The Conclave was well attended by senior members of the government and bureaucracy, industry and academia. Principal Secretary – Labour, Jt. Commissioner – Labour, Jt. Commissioner – PF, Jt.Director – ESIC were amongst people from Industry and Academia who graced the occasion.
 Workers’ strikes and unfortunate incidents of the recent past have brought about unrest in the Indian industry, along with huge economic impacts. Many sectors such as banking and financial services, oil, coal and power have been affected.  This scenario calls for an urgent need of labour market reforms as India’s current restrictive labour law, systems and policies are not conducive for the organised labour market. Also playing spoilsport in the casual labour market are inadequate implementation of legislation on minimum wages and other social security benefits like PF and ESIC.   As a result, the inflexible nature of labour markets has led to greater informalisation of the workforce, whereas relatively ‘flexible’ labour laws in China have given rise to higher productivity amongst its workforce there. 
 Honorable Union Minister for Labour and Employment Shri Mallikarjun Kharge speaking at a seminar recently in a leading educational institution, said that the failure to evolve a ‘tripartite consensus’ has thwarted the Government’s efforts to cut ‘red tape’ in labour laws.”
Since its inception in 2011, Indian Staffing Federation is striving to facilitate a suitable, legal and regulatory environment that is positive and conducive to industry.  As a part of its mission, the national conclave was organised in the city.
Mr. K Pandia Rajan, President, Indian Staffing Federation, said, ‘While economic growth is very important for a country like ours,  in order to fully reap the benefits, it is necessary for a more inclusive growth with better macroeconomic policy and implementation of  labour market reforms.  These reforms will support reduction in the division between the formal and informal employment.”  He further added; “ISF’s recent research report titled “Turning available work into jobs” showcases that India which is currently at a flexi worker base of 1.3 million, is among the top five nations and is projected to grow to 9 million by 2025.
Ms Rachna Saksena, Chairperson – West and Member Executive Board- ISF stated, “As our country’s economy continues to grow, the focus should definitely be on improving the quality of the work force and developing skilled workers, besides adopting IT solutions to integrate the workforce and streamline the regulatory environment.”  She added; “If companies have to retain their competitiveness within the country and thrive in the dynamic global market, labour reforms are a must. It is very evident from the pattern across Indian states, that regions that have been flexible and adaptable to the changing economic scenario have benefited more and progressed faster in terms of resultant growth."