- Significance:
- Merged 29 existing labour laws into four codes.
- Aimed to simplify labour laws.
- Ensure a conducive environment for doing business.
- Balance labour welfare and industry welfare.
- Promote employment generation and economic growth.
- Universalization of social security and minimum wages.
- Introduce fixed-term employment for flexibility.
- Curb proliferation of trade unions.
- Encourage dispute resolution through negotiation.