2024, Vol. 4, Issue 1, Part B
Implementation of labour code, 2020: A comprehensive analysis
Author(s): Sunil Sudhakar Varnekar and Dr. Upankar Chutia
Abstract: An important turning point in the revision of labour regulations in India has been reached with the introduction of the Labour Code, 2020. This in-depth study explores the salient features of the new code, as well as the opportunities and difficulties it brings and how it can affect different stakeholders. The goal of the Labour Code, 2020 is to preserve workers' rights while streamlining compliance and facilitating corporate transactions. It does this by consolidating and updating the current labour regulations. The key modifications made by the code, including those pertaining to pay, labour relations, social security, workplace safety, and health, are thoroughly examined in this research. Additionally, the research assesses the possible effects of the 2020 Labour Code on various labour market groups, companies, and the economy as a whole. It examines the possible impacts on labour practices, pay structures, industrial conflicts, and the business environment, illuminating the potential benefits and drawbacks of the new laws. This report also looks at the implementation difficulties that companies and government organisations face, including the necessity of strong enforcement measures, capacity building, and process modifications to bring them into compliance with the new code's requirements. It also looks at the possibilities for better labour market outcomes and how technology may help with compliance and monitoring. In light of the possibilities for formalisation, improved worker welfare, and economic growth, the research concludes by discussing the wider implications of the Labour Code, 2020 in the context of India's socioeconomic environment. This thorough study offers insightful information on how the Labour Code, 2020 will be implemented and a detailed knowledge of its implications for industrial relations, labour law, and the whole economy. Policymakers, companies, scholars, and other stakeholders looking to understand India's changing labour legal landscape might use it as a resource.
Pages: 143-149 | Views: 299 | Downloads: 114Download Full Article: Click Here
How to cite this article:
Sunil Sudhakar Varnekar, Dr. Upankar Chutia. Implementation of labour code, 2020: A comprehensive analysis. Int J Civ Law Legal Res 2024;4(1):143-149.