Labour Codes to Ensure Frictionless Supply Chains, Universal Wages, Skilling

• New Labour Codes aim to ensure frictionless supply chains, universal wage coverage, and enhanced skilling.
• The codes consolidate 29 labour laws into four, standardizing regulations and establishing national safety standards.
• Key reforms include universalizing minimum wages across all sectors and introducing a floor wage to address equity.
• The codes expand social security, reinforce safety protections, and formally recognize gig and platform workers.
• A dedicated reskilling fund has been created to support workforce development.

Why It Matters: India's new Labour Codes promise economic efficiency and worker protection.