The Central Government had constituted the second National
Labour Commission headed by Mr. Ravindra Varma, which presented its
report in 2002 and recommended that all the central labour laws
must be combined into four or five codes. Though 12 central labour
laws have already been repealed since 2014, the remaining 29 were
subsumed into four codes, which were presented before the
Parliament in 2019. They were then referred to the Parliament's
Committee on Labour, which suggested 100 changes in the original
drafts, of which 74 were incorporated in the revised three Bills
and were finally passed by the Parliament on September 24,
2020.
These codes have been introduced to balance the interests,
rights and obligations of employees and the employers; bring down
the multiple licensing & paperwork hassles for companies, boost
new industrial investment, including foreign investments, and
provide a competitive advantage to India in the global economy. The
fourth code, The Code
