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advantages as well as
disadvantages, similarly KVP
also has some disadvantages
like some banks provide more
interest rate in fixed deposit
than KVP and also investment
in KVP is taxable. But looking
into overall picture KVP
scheme has more benefits then
problems.
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LABOUR REFORMS
There are various labour laws for
regulating employment and
conditions of service of workers.
These laws also provide for
maintaining registers and furnishing
returns to the concerned
enforcement authorities. The labour
laws of independent India derive
their origin, inspiration and strength
partly from the views expressed by
important nationalist leaders during
the days of national freedom struggle,
partly from the debates of the
Constituent Assembly and partly from
the provisions of the Constitution and
the International Conventions and
Recommendations. The relevance of
the dignity of human labour and the
need for protecting and safeguarding
the interest of labour as human beings
has been enshrined in Chapter-III
(Articles 16, 19, 23 & 24) and Chapter
IV (Articles 39, 41, 42, 43, 43A & 54)
of the Constitution of India keeping
in line with Fundamental Rights and
Directive Principles of State Policy.
But according to some analysts
labour laws has become a hinderace
in the growth of industries in the
country. Under the Constitution of
India, Labour is a subject in the
concurrent list where both the Central
and State Governments are
competent to enact legislations.
There are 45 different national- and
state-level labour legislation in India.
Important among those are The Industrial Disputes Act,
1947.
The Child Labour (Prohibition
and Regulation) Act, 1986.
The Factories Act, 1948
The Trade Unions Act, 1926
4
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