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India: Labour codes expected to reduce compliance burdens

India

Predictions

  • Labour codes expected to reduce compliance burdens, but implementation may be complicated by federal-state tensions
  • Government will aim to implement changes by December, as it seeks to attract investors by simplifying regulatory landscape
  • Lack of parliamentary consultation and tensions over missing tax shortfall payments may reduce states’ willingness to cooperate, causing delays

Event

President Ram Nath Kovind approved three new labour codes on 28 September.

Falanx Assynt is a global intelligence consultancy and leading provider of geopolitical, strategic and business risk analysis since 2003. Falanx Assynt is part of Falanx Group Ltd (LON:FLX) which, through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.