The latest thing doing the rounds is the discussion on “The Small Factories (Regulation of Employment and Conditions of Services) Bill, 2014” since late September 2014.
The Small and Medium Enterprises (SME Sector) which account for over 30% of industrial production had requested the government to simplify the numerous labour laws applicable…. The Labour ministry has now drafted the said bill and placed it for discussion.
The draft bill will govern the wages, conditions of work in small & medium enterprises. It aims to simplify the compliance requirements for SME’s, bring in technology and simply labour management.
Being The Compliance Experts with over 7 years in business, we have decoded the draft bill for you.
Hope you enjoyed and learnt reading it. Do leave your comments below.