Bringing labour reforms was a "must" in the present scenario, Union Labour Minister Narendra Singh Tomar said, adding that his ministry was earnestly working to bring changes to laws which have been rendered redundant over time.
There are around 100 laws at the central and state level which industries would at present find it difficult to comply with. Many of these laws were introduced before Independence, he said.
He said that after the first 100 days of the Narendra Modi government, a sense of hope has come into the country and other nations are now looking to India with a sense of optimism.
Emphasising the need for striking a balance between industry and the labour force, Tomar said that while labour interests must be safeguarded, industry should be enabled to work with ease and flexibility.
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He said that his ministry has introduced the Apprentices (Amendment) Bill, 2014, in Lok Sabha wherein an attempt has been made to ease the rules. He said that while there is a proposal to bring in apprentices from other subjects under the Act, the strict and impractical provisions of penalty for industries, too, have been slackened.
He also urged employers to understand the need of the hour and give as much importance to employment generation as to profit generation.