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The Great Indian Labor Code Showdown: Profit or Protection?
India’s labor ecosystem is undergoing its most massive overhaul in decades, consolidating 29 complex laws into just four streamlined codes. But is this modernization a masterstroke for economic growth, or a slippery slope for worker safety?
This debate dives deep into the tension between Ease of Doing Business and Worker Security:
- The "Hire and Fire" Debate: Discover why raising the layoff threshold from 100 to 300 workers has critics fearing a loss of job security, while supporters call it a necessary engine for job creation.
- Gig Economy Revolution: For the first time, gig and platform workers are legally recognized, but is the 1-2% turnover contribution enough to secure their future?.
- The End of "Inspector Raj": The shift from criminal penalties to monetary fines aims to end harassment and corruption, but does it turn worker safety into a "budgetable expense" for big corporations?.
- Fixed-Term Employment (FTE): Is it a gateway to formal benefits like gratuity, or a tool to replace permanent staff with a temporary workforce?.
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