- Worker Welfare:
- Code on Wages: Introduces statutory ‘Floor Wage’ for all workers, ensures minimum wages.
- Occupational Safety Code: Deals with workplace safety, working conditions, employment letters.
- Social Security Code: Proposes universal social security benefits, including for unorganized workers.
- Fixed-term employment workers get equal wages and statutory benefits as permanent workers.
- Promotes gender equality by allowing women in all shifts with safeguards.
- Industrial Growth:
- Industrial Relations Code: Allows easier closure/retrenchment for firms up to 300 workers.
- Reduces complexity and internal contradictions in laws.
- Increases flexibility for industries in hiring and firing.
- Promotes investment and creates harmonious industrial relations.
- Aims to create jobs and unleash higher growth.