Subject: Economics
Book: Comprehensive Indian Economy - Additional Topics
India consolidated multiple labour laws into four broad codes—on wages, industrial relations, social security, and occupational safety—aiming to simplify compliance. The objective is to boost job creation, reduce informality, and ensure welfare benefits. Yet some fear erosion of workers’ bargaining power if layoffs become easier. In exams, highlight the challenge of effectively implementing codes across diverse states and how skill-building plus social security expansions can complement these reforms in raising productivity.
What is the objective of the Goods and Services Tax (GST)?
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View QuestionWhat is meant by “liquidity trap”?
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View QuestionWhat is a “repo rate”?
View QuestionWhat is the term for the ability of an economy to produce more output from the same inputs?
View QuestionWhat is the concept of “invisible hand” associated with?
View QuestionWhat is the meaning of "fiscal deficit"?
View QuestionWhat is the Phillips Curve?
View QuestionWhat is the main purpose of monetary policy?
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