<p>
The Haryana government&rsquo;s decision to reserve 75 per cent jobs in its private sector for people with domicile certificates could dent investments.</p>
<p>
In a statement, Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII), said, &ldquo;At a time when it is important to attract investments at state level, the Haryana Government could have avoided imposing restrictions on Industry. Reservation affects productivity and Industry competitiveness. With Prime Minister&rsquo;s vision of &lsquo;Ek Bharat Shrestha Bharat&rsquo; we look forward to an integrated and mobile labour market within the country.&rdquo;</p>
<p>
The reservation proposal was one of the poll promises made by the Jannayak Janta Party (JJP) which is the ruling BJP&#39;s alliance partner.</p>
<p>
Earlier, the JJP came out in support of BJP&rsquo;s farm laws.</p>
<p>
&ldquo;The governor today gave his assent to the Haryana State Employment of Local Candidates Bill, 2020, providing quota for local people in private sector jobs that offer a salary of less than Rs 50,000 a month,&rdquo; chief minister Manohar Lal Khattar said.</p>
<p>
However, sources said that Haryana has remained one of the favourite investment destinations for the private sector but such restrictive moves can be a dampener.</p>
<p>
&ldquo;No company would want to invest in a state if it has to reserve 75 per cent of the jobs for locals,&rdquo; a senior executive said adding that other states may be compelled to come out with such proposals as well, which can be a dampener for the private sector.</p>
<p>
Analysts said that the country at this juncture must focus on economic revival by boosting private sector investments.</p>
<p>
This move could also go against BJP&rsquo;s tenet that good economics is good politics.&nbsp;</p>
Amid the disquiet in Israel over the rising tide of anti-Semitic protests in the US,…
In a major boost for firepower of its fighter aircraft fleet, the Indian Air Force…
Amid deadlock on ceasefire negotiations between Hamas and Israel, an Egyptian delegation has arrived in…
In a demonstration of solidarity and advocacy, the World Sindhi Congress (WSC) took centre stage…
In a recent video message, Sohail Abro, chairman of the Jeay Sindh Freedom Movement (JSFM),…
US Secretary of State Antony Blinken after concluding his three-day visit to China that he…