KR Shyam Sundar

KR Shyam Sundar

Visiting Professor at the Impact and Policy Research Institute.

Economic Survey, Union Budget, Labour Law Reforms and Unorganised Sector

Economic Survey, Union Budget, Labour Law Reforms and Unorganised Sector
The Economic Survey 2022-23 is an information provider with little analytical thrust, at least on labour-related matters. The Economic Survey (ES) 2022-23 prepared the ground for the focus points in the Union Budget 2023. The story on the labour front is as follows.

Trade Unions, Statistics & the Data Lag

As per Section 27 of the Industrial Relations Code passed in August 2020, if the appropriate government (the Union or the state government) is of the opinion that it is necessary or expedient that a trade union or federation of trade unions is to be recognized as Central- or state-level trade union, it may do so according to the prescribed procedure. This means that what was a voluntary process arising out of tripartite consultations will become a legal measure once the Code is in force. Thus, it is important to know its history as well as the current controversies over the same.