Govt Planning to Implement All Four Labour Codes on Single Date, Bengaluru Has the Highest Number of Young Billionaires

Govt planning to implement all four labour codes on single date in 2020. Bengaluru has the highest number of young billionaires in India.

 

INDIA

Govt planning to implement all four labour codes on single date in 2020.

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.

Bengaluru has the highest number of young billionaires in India.

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

FIN.

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