India's new BJP government, led by Narendra Modi, plans to reform labour laws, including making small businesses exempt from the factories act, extending maximum overtime hours, and reviewing the minimum wage laws. The BJP government also intends to privatise 700 billion rupees (US$11.7 billion) worth of state assets. Infrastructure development will be opened up to Public Private Partnerships. The BJP's first budget also outlines cuts to social welfare, such as food, fuel and fertilizer-price subsidies.
India's new BJP government, led by Narendra Modi, plans to reform labour laws, including making small businesses exempt from the factories act, extending maximum overtime hours, and reviewing the minimum wage laws. The BJP government also intends to privatise 700 billion rupees (US$11.7 billion) worth of state assets. Infrastructure development will be opened up to Public Private Partnerships. The BJP's first budget also outlines cuts to social welfare, such as food, fuel and fertilizer-price subsidies.
