Govt. announces labour law exemptions for entrepreneurs
Dimapur, May 22 (EMN): The government of Nagaland will exempt inspection of a number of labour laws for five years for entrepreneurs whose annual turnover does not exceed INR 25 crore.
The government’s publicity agency, the department of Information and Public Relations (IPR), issued updates on Wednesday informing about the exception.
The department of Labour & Employment, Skill Development & Entrepreneurship is stated to have issued an order in regard to Startup India’s action plan to promote the Startup ecosystem in the country. It is to incentivise entrepreneurs in setting up new start-up ventures to create employment opportunities, the updates stated.
The IPR stated of the notification: ‘The government of Nagaland will exempt the inspection of the following labour laws/acts for five years whose annual turnover does not exceed INR 25 Crore only in any preceding financial year and working towards innovation development, deployment or commercialization of the product, processes or services driven by the technology or intellectual property.’
However, the IPR stated, inspections may be taken up only when very creditable and verifiable complaints of violation has been filed in writing and the approval has been obtained from at least one level senior to the inspecting officer or from the central analysis and intelligence unit ‘as the case may be.’
The exempted labour laws as the IP informed the government was giving, are the Building and Other Construction Workers Welfare Board (RE&CS) Act of 1996; Payment of Gratuity Act of 1972; Contract Labour (Regulation and Abolition) Act of 1970; Employees’ Provident Fund and Miscellaneous Provision Act of 1952; Employees’ State Insurance Act of 1948; and the Inter-State Migrant Workmen (RE&CS) Act of 1979.
This will come into force with immediate effect, the IPR added.