SWEEPING OVERHAUL

THE NEW LABOUR CODES SEEK TO IMPROVE EMPLOYEE WELFARE AND CREATE A FUTURE-READY WORKFORCE.

- BY ASHUTOSH KUMAR

IT WON'T BE wrong to call 2025 a year of mega reforms. The reforms symphony began with big-bang direct tax cuts and the overhaul of the Income Tax Act announced in the Union Budget in February, followed by the introduction of the three-pillar GST 2.0 in September. It has now reached a crescendo with the notification of the labour codes.