Cabinet give positive signal for modification in labour law

News Tags: Apprenticeship Act 1961, attract investments, employee interest, Factories Act 1948, Labour Laws, Labour laws 1988, textiles and garments, Union Cabinet

New Delhi
Summary: 
The Union cabinet on Wednesday approved amendments to three outmoded labour laws that is the Factories Act 1948, the Apprenticeship Act 1961 and Labour Laws which exempted from furnishing returns and maintaining of registers by certain establishments 1988, that acted as an obstacle to faster growth and hurt employee interests.

The Union cabinet on Wednesday approved amendments to three outmoded labour laws that is the Factories Act 1948, the Apprenticeship Act 1961 and Labour Laws which exempted from furnishing returns and maintaining of registers by certain establishments 1988, that acted as an obstacle to faster growth and hurt employee interests.
 
This is the first step and is perhaps the biggest reforms in nearly 44 years. It is a huge step and gives positive signal about the government’s intention to attract investment.
 

http://timesofindia.indiatimes.com/India/Cabinet-nod-for-labour-law-reforms/articleshow/39327003.cms
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India set to touch $ 50 billion in textile exports for FY15

News Tags: Clothing Manufacturers, CMAI, Garment Fair, Labour Laws, textile exports, Textiles

Mumbai
India set to touch $ 50 billion in textile exports for FY15
Summary: 
India is the second largest manufacturer and exporter of textiles and clothing after China is set to witness robust growth in textile exports this year although a slow moving growth was seen last year recording $40 billion against the set target of $ 43 billion, a shortfall of $ 3 billion. But during this financial year, textile exports is set to touch $ 50 billion.

India is the second largest manufacturer and exporter of textiles and clothing after China is set to witness robust growth in textile exports this year although a slow moving growth was seen last year recording $40 billion against the set target of $ 43 billion, a shortfall of $ 3 billion. But during this financial year, textile exports is set to touch $ 50 billion.

http://www.business-standard.com/article/markets/textile-exports-in-fy15-pegged-at-50-billion-114062300823_1.html
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