Labour Reforms Not Essential For Industrial Growth, Says Finance Minister.

Online link of the news item is mentioned as follows for kind information of members of this forum. We may hope, Govt. will follow its views as expressed in this article while considering amendments in various labour laws:
Labour reforms not essential for industrial growth: FM

India needs fair labour laws.
On one side we have PSUs where labor enjoy without fear-overtime,no proper timings and waste time playing cards and on other side we have unprotected labour-security guards,salesmen of small firms who have no security whatsoever.
Protection of labour laws do not exist in practical terms for them-costly to litigate,indifferent labour officers etc.
Balanced labour protection is needed where companies can fire when necessary,but have to be fair in dealings.
It should not be mere lip service that labour is an important resources.
They are important and should be treated well as such.