Labour Reforms: Three labour codes in the upcoming parliament session

The government will introduce three labour codes in the upcoming parliament session starting Monday. ET takes a look at the key provisions.
CODE ON INDUSTRIAL RELATIONS
Key provisions
- Hiring and firing laws eased
- States empowered to make changes on threshold
- Legal backing for fixed-term employment

Implications
- Easier to hire and fire; will encourage employment
- Fixed term employment will create more jobs

CODE ON SOCIAL SECURITY
Key provisions
- Subsumes nine laws related to social security
- Proposes social security for gig & platform workers
- National Social Security Board will be set up

Implications
- 40 crore unorganised workers will benefit
- Open up EPFO and ESIC for individuals

CODE ON OCCUPATIONAL SAFETY, HEALTH AND WORKING CONDITIONS
Key provisions
- Subsumes 13 labour laws
- Uniform provisions for women, fixed-term and contract workers

Implications
- Will ensure uniform health and safety conditions for all