Revamping MSME Sector: India's New Labour Codes
India's Government has introduced new Labour Codes aimed at modernizing the Micro, Small, and Medium Enterprises (MSME) sector, which contributes significantly to the nation's economy. These reforms simplify compliance through digital processes, faster approvals, and reduced regulatory burdens, enhancing the ease of doing business. Uniform standards and flexible employment provisions allow MSMEs to adapt swiftly to market changes, promote business growth, and ensure worker welfare and dignity through comprehensive wage and social reforms.
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