Govt planning to implement all four labour codes on single date in 2020. Bengaluru has the highest number of young billionaires in India.
Big Day: The government is reportedly planning to implement all four labour codes on a single date next year.
“The thinking within the government is that a single date for the implementation of all the four labour codes will be fruitful because it will ensure uniformity and will lead to an efficient execution,” a Labour and Employment Ministry official was quoted as saying. BS
FYI: The labour code on wages has already become a law. The remaining three codes - on industrial relations, social secutiry and welfare, and occupational safety, health and working conditions - have been introduced in the Lok Sabha. It is when all these codes become laws that industry will have to apply for a single registration instead of separate labour law registrations.
Where the Rich Live: Bengaluru is India's Millennial billionaire capital. As per the Hurun India Rich List 2019, 10 of the top 17 self-made billionaire entrepreneurs reside in this city. The richest among these is Nithin Kamath, founder and CEO of discount brokerage start-p Zerodha, followed by Flipkart co-founders Sachin Bansal and Binny Bansal.
Mumbai, meanwhile, registered the most number of billionaires across all ages. Livemint
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