Current Affairs - National - Discussion

On September 30, 2020, President Ram Nath Kovind has given his assent to the three labour codes viz. Code on Social Security 2020, the Occupational Safety, Health and Working Condition Code 2020, and the Industrial Relation Code, 2020 was brought in by combining the features of three erstwhile laws-the Trade Unions Act 1926,the Industrial Employment (Standing Orders)Act,1946, and the Industrial Dispute Act,1947 for hiring and firing of labour in mid-sized and large industries. Firing of labour: Under this companies with up to 300 workers are allowed to fire workers or shut plants without the prior approval of the government. Workers strike: No unit will go on strike without giving notice 60 days (Earlier 2-6 six weeks) Before the strike, or within 14 days of giving such a notice. These conditions apply to all industries.