"The quick action has demonstrated the government's strong commitment towards pushing key labour reforms to encourage economic growth and generate employment opportunities in the country," CII Director General Chandrajit Banerjee said.
The government is likely to table the proposals for amendment in the present session of the Parliament, Union Labour Minister Narendra Singh Tomar said today.
The other two proposals which were cleared by the Cabinet yesterday include amendment of the Apprentices Act, 1961 and the Labour Laws (exemption from furnishing returns and maintaining registers by certain establishments) Act, 1988.
Some of the other proposed changes in the Act include improved safety of workers, doubling the provision of overtime from 50 hours a quarter to 100 hours in some cases and from 75 hours to 125 hours in other work of public interest and others.
"The decision of the government to double the overtime to 100 hrs from 50 hours per quarter is a welcome move and has demonstrated that the government understands the changing dynamics of the business environment".