Labour reform: New codes to lift consumption by Rs 75,000 crore; SBI sees sharper formalisation ahead – The Times of India
Implementation of the new labour codes is expected to deliver a Rs 75,000-crore consumption boost and raise the share of the formal workforce by at least 15 per cent, according to a research note by economists at SBI on Tuesday.The four codes, enforced from November 21, will also expand social security coverage to up to…