Revamping of social security legislations in the milieu of globalization Asha G1, Dr. Lekshmi Bhai P S2, Nayana S3 1Assistant Professor, Adi Shankara Business School, Kalady, Ernakulam, Kerala, India. 2Assistant Professor Adi Shankara Business School, Kalady, Ernakulam, Kerala, India. 3Assistant Professor Adi Shankara Business School, Kalady, Ernakulam, Kerala, India. Online published on 4 October, 2017. Abstract The history of labor legislation in India is naturally interwoven with the history of British colonialism. Considerations of British political economy were naturally paramount in shaping some of these early laws. Many of the labor legislations were enacted immediately before or after independence and some of them are Workmen Compensation Act 1923, Minimum Wages Act 1932, Factories Act 1948, Employees State Insurance Act 1948, Employees Provident Fund Act 1952, and Maternity Benefit Act 1961. Many of these legislations were enacted obviously to protect the interest of British employers. They became outdated and due to globalization and economic reforms in the country many of the provisions in the existing legislation became irrelevant and inapplicable. In this globalized economy the employers are providing security and assistance beyond what is required as per the legislations as they cannot satisfy their employees merely by providing what is in the legislations. It is high time to amend many of the provisions in the prevailing legislations. Globalization and economic growth envisaged in our country call for more effective labor legislations not only for tackling the social and economic problems that are existing but also for establishing a healthy and just social order. The current paper attempts to find out some problems in the existing labor legislations and presenting some possible solutions to tackle the issues. Top Keywords Compensation Act, Employees Provident Fund Act, Employees State Insurance Act, Factories Act, Labor legislation, Maternity Benefit Act, Minimum Wages Act. Top |