80% firms say Haryana’s job quota law will negatively impact business: Survey

A recent survey showed that a majority of firms in Haryana are not happy with the new job quota law which is aimed at providing 75 per cent job reservation for locals in the private sector. Here is why the companies are worried about the new job quota law:

A recent survey has revealed that a majority of companies are wary about the local job quota law passed by the Haryana government. At least 80 per cent of the companies surveyed by industry body Nasscom say the law will negatively impact their future business operations and investment plans. The industry body conducted the survey to assess the impact of the New Haryana State Employment of Local Candidates Act, 2020. This law recently passed in Haryana Assembly, reserves 75 per cent of job reservations for locals in the private sector, with a monthly salary of up to Rs 50,000.