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Home / News / Business News / India worried over linking of funding with labour standards
  • Business

    India worried over linking of funding with labour standards

    Achin Garg
    Written by
    Achin Garg
    Mail
    Last updated on May 14, 2016, 01:41 pm
    India worried over linking of funding with labour standards
  • Developed countries are trying hard to link funding from multilateral development agencies to labour standards in order to allow companies from developed countries to bag contracts.

    Such attempts by some members in the Asian Development Bank may hit the financing of key development projects in developing countries.

    Indian companies which do not match stringent norms of developed countries may get hit by this move.

  • In this article
    What are labour standards? Even ADB funded projects face labour issues India among largest borrowers Germany pushing for core labour standards India worried over linking of funding with labour standards India's concern
  • About

    What are labour standards?

    What are labour standards?
    Credits:
  • Labour standards are International Labour Organisation (ILO) conventions that govern workers rights.

    They are aimed at protecting workers rights, enhancing job security and improving their employment on a global scale.

    They cover basic human rights, safety and health issues at work and ensure that workers' wages are protected and paid timely.

    They ensure good governance in terms of labour inspection, labour administration, etc.

  • India-ADB

    Even ADB funded projects face labour issues

    Even ADB funded projects face labour issues
    Credits:
  • India started borrowing from ADB in 1986. Since then, India has received around $37 billion of assistance from ADB in hundreds of projects.

    ADB projects have helped secure the livelihood of thousands of workers in India.

    However, many studies have reported that many of these workers are not only forced to work at meagre wages but also lack adequate health and safety measures.

  • Personal

    India among largest borrowers

  • India and China are among the largest recipients from multilateral development agencies such as Asian Development Bank.

  • Genesis

    Germany pushing for core labour standards

    Germany pushing for core labour standards
    Credits:
  • Germany's Federal Ministry for Economic Cooperation and Development during the annual meeting of the Asian Development Bank (ADB) had said it was trying to get the International Labour Organisation's (ILO) core labour standard linked to funding criteria of development banks.

    The ministry added that Germany will try to push this in G20 meetings as well.

    Germany is the largest European shareholder in ADB.

  • 14 May 2016

    India worried over linking of funding with labour standards

    India worried over linking of funding with labour standards
  • Developed countries are trying hard to link funding from multilateral development agencies to labour standards in order to allow companies from developed countries to bag contracts.

    Such attempts by some members in the Asian Development Bank may hit the financing of key development projects in developing countries.

    Indian companies which do not match stringent norms of developed countries may get hit by this move.

  • Data

    India's concern

  • Indian officials are worried that the imposition of labour standards could impact Indian companies, especially the Small and Medium Enterprises. Further, they argue that this is a form of non-tariff barrier.

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