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Cabinet okays ILO advice on economic transition
07
Jan '16
The Union Cabinet has approved the proposal for placing the new Instrument adopted by International Labour Organization – Recommendations concerning 'The Transition from the Informal to the Formal Economy (No.204)' in the Parliament, the Labour Ministry said in a press release.

The International Labour Conference of ILO at its 104th Session held in Geneva in June 2015 adopted the above recommendation. Its adoption was supported by India, represented at the Session by the Union Minister of State for Labour and Employment.

Under Article 19 of the ILO Constitution, each Member State of the ILO is required to submit the instruments adopted by the Conference before the competent authority (the Parliament in case of India) within a period of one year from the closing session of the Conference.

The Recommendation provides guidance to Members to facilitate the transition of workers and economic units from the informal to the formal economy while respecting workers' fundamental rights and promote creation, preservation and sustainability of enterprises and decent jobs in the formal economy and prevent informalization of formal economy jobs.

There is no financial implication on India in adopting the ILO Recommendation, which is applicable to all workers in the country which ratifies the instrument, the release said. (SH)

Fibre2Fashion News Desk - India

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