Vacancies in all departments and verticals of private companies may soon have to be mandatorily notified to govt, signalling a shift in employment regulation. The Centre plans to replace the Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959, with the new Social Securities Act, in order to formalise a mechanism for disseminating information on job vacancies and introduce steep penalties for non-compliance —govt wants to hike fines, which were once a negligible Rs.100, to as high as Rs.50,000.
(LLR March 2025)