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Though there is much talk about labour crisis across the world, the fact is that the grievances of the workers in both the organised and unorganised sectors across the world are not being addressed properly. And this is true of India as well.
To start with, the workers must be provided proper platforms to voice their grievances.
The fact that only young and working people can create a young India cannot be denied. A failure to address the workers’ woes will only lead to a loss of workforce — which is a big blow to the country’s growth. Hence, the Government should come forward to join hands with the workers in addressing their work-related issues.
P. S. Saravana Durai
Tackling the crisis
India is in deep crisis. The rupee is depreciating; GDP is on a downward trend; and the current account deficit is widening. The Government has already taken some steps to check import of gold by imposing higher tax. . Besides this, the Government could appeal to all religious entities to come forward to sell gold ornaments lying idle in their custody. Banks can resort to repurchase and resale of gold coins.
As gold serves no productive purpose. individuals can divert their savings into banks or post-office.
Uttam Kumar Kar
Guwahati
Labour reforms
This refers to your editorial “A tale of two strikes” ( Business Line , August 17). Comparing the tame end to the 50-day labour stir at Bajaj Auto's Chakan plant to the strike at Maruti Suzuki's Manesar plant in 2011 and 2012, it is pointed out that the timing was the reason for the failure of the former and success of the later.
Everyone wants labour reform, but each one has his own concept. Companies fear that this give more power to the workers. So labour laws that cover the interest of workers and the management for smooth running of the company are needed.
Jacob Sahayam
Correction
In the editorial “Liberalisation in reserve” ( Business Line , August 16), it has been stated that “the RBI has estimated India’s total short-term external liabilities maturing before March 2013 at over $172 billion”. It should have read as March 2014. The error is regretted.
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