Last week the Union government took a baby step in the right direction. It made it easier for industry to hire labour contractually for a fixed, implicitly shorter, term. Such labour can be released at the end of the contract without incurring the usual consequences of firing. Such a facility has been available to the leather and garments industries since October 2016.
It is now extended to all sectors. The finance minister had made this announcement in his last budget speech. The legislation is a quick follow up on the same. Apparently, the facility has not made a big difference to ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Mon, March 26 2018. 23:59 IST
RECOMMENDED FOR YOU