Investment blockage will adversely affect job creation, says FM Arun Jaitley
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In the wake of labour unions opposing the proposed reforms, Finance Minister A day after a ministerial panel headed by Jaitley failed to end logjam over the recommended
Addressing the 46th Indian Labour Conference in Delhi, the finance minister said that if
"If we stop the fountain of investment, then employment will not increase, then economic activity will also not increase. And it becomes a threat to existing jobs," he said.
"The government is trying that when the entire
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Reaching out to unions on government's proposed labour reforms that will make it easier for companies to do business, Jaitley said: "Even if we are a leader of any union or a worker of any organisation, we should not decide on anything which would deter the economic activity or employment opportunities."
According to him, high growth rate will always protect the workmen and interest of labour in the country.
"An efficient economy will always protect the interest of industry and labourers. Sluggish industry will never be able to create jobs, it is only efficient industry which will be able to create jobs.
"Rational
In its latest report, the
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(Image: Indiatimes)
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