Background The amalgamation and codification of 29 labour statutes into 4 codes – Code on Wages, 2019, Industrial Relations Code, 2020, Code on Social Security, 2020, and Occupational Safety, Health and Working Conditions Code, 2020 (‘Labour Codes’) – streamlines and simplifies complex labour law-related procedures. The aim of such amalgamation is to reduce the burden of compliance and promote the ease of doing business. One salient feature of the Labour Codes is the decriminalization of…
Background The Ease of Doing Business (EoDB) index is a ranking system established by leading economists at the World Bank Group. It ranks economies in increasing order of their ‘ease of doing business’, a formula that is based on the study of legal regulations in a nation. There are ten further subindices that affect the study of business regulations which are weighted to develop an overall ranking. It is important to note that not all…