Explore Business Standard
A second trade investigation launched by the US into alleged forced labour practices across 60 economies, including India and China, is expected to place particular scrutiny on Beijing amid allegations of forced labour in the Xinjiang region, think tank GTRI said on Sunday. India's exports of solar panels, electronics and garments to the US may also face closer scrutiny under this new US investigation into forced labour in global supply chains, the Global Trade Research Initiative (GTRI) said. On March 12, the United States Trade Representative (USTR) launched a Section 301 probe, covering 60 economies. This is the second Section 301 probe this month. The investigations will determine whether acts, policies, and practices of each of these economies related to the failure to impose and effectively enforce a ban on the importation of goods produced with forced labour are unreasonable or discriminatory, and burden or restrict US commerce. The probe will examine whether countries allow
Agriculture Minister Shivraj Singh Chouhan on Tuesday said the recently passed Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB-G RAM G) Act addresses the labour shortage faced during peak farm seasons. The VB-G RAM G Act, which replaces the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), was passed in Parliament last week. Addressing virtually on the occasion of Farmers Day, Chouhan said the law strikes a balance between the welfare of farmers and labourers, according to an official statement. "VB-G RAM G is extremely useful in the broader interest of the country, as it empowers and makes the farming community self-reliant. While the VB-G RAM G fully takes care of the upliftment of labourers, it also focuses on farmers, ensuring sufficient labourers are available for farming," he said. The minister pointed out that farmers often face difficulty in finding labourers during sowing and harvesting seasons. "Now with this new law, this problem wil
On-demand convenience firm Swiggy Ltd on Saturday termed the newly notified labour codes as a "transformative step" that will unlock far-reaching benefits for millions of workers. While supporting the government's vision of a modern and inclusive social security net, in a regulatory filing, Swiggy said it does not anticipate any material impact from the CoSS (the Code on Social Security, 2020) on its business sustainability, cost structure, or long-term financial performance. The government on Friday notified the four labour codes, which have rationalised 29 existing labour laws. These will formalise employment, strengthen worker protection, and make the labour ecosystem simpler, safer and globally aligned. Under the new codes, 'gig work', 'platform work', and 'aggregators' have been defined for the first time. The codes stipulate that aggregators employing gig workers must contribute 1-2 per cent of annual turnover to social security, with the total contribution not exceeding 5 per
International Labour Organization Director-General Gilbert F Houngbo has said social dialogue among government employers and workers will remain essential as the labour codes are implemented to ensure they are positive for workers and business. In a post on X, he said: "Following with interest developments of India's new Labour Codes announced today, including on social protection & minimum wages." In a landmark overhaul of labour laws, the government on Friday notified all four labour codes, ushering in major reforms, including universal social security coverage for gig workers, mandatory appointment letters for all employees, and statutory minimum wages and timely payment across sectors. Meanwhile, reacting to the labour codes, Sajja Praveen Chowdary, Director, Policybazaar for Business said making annual health checks mandatory for employees above 40 years marks an important shift in how organisations view workforce wellbeing. In the long run, this alignment of policy and ...