PM unveils labour reforms
Prime Minister Narendra Modi launched a slew of initiatives on labour reforms and ease of doing business. He dedicated schemes such as portability through a universal account number (UAN) for Employees? Provident Fund subscribers, a single-window portal to enable doing business, and a labour inspection scheme in the Central sphere. He said all these schemes were already in place and it was only after their implementation that he was launching them formally. The portal for employers will allow them to submit a single self-certified return and be in compliance with 16 labour laws. Labour inspection, too, will become transparent as there will be random selection of units for this purpose, ending harassment. An inspector will have to upload his report within 72 hours.