Skip to main content

Industrial relations law stuck over trade union norms

Industrial relations law stuck over trade union norms

The government’s plan for an industrial relations code will see further delay as the government and trade unions are at loggerheads over the proposed tightening of norms for forming unions.

According to the industrial relations Bill, only those engaged or employed in an industry can become office bearers of a trade union in the formal sector and only two outsiders can become office bearers of a trade union in the unorganised sector. The Bill also calls for disqualification of a person as an office-bearer if he or she is an office-bearer in 10 other trade unions.

Trade unions say such restrictions on the presence of outsiders in unions might be a tool for the government to restrict legitimate and elected members in unions in future. “Such restrictions in the name of reforms are to dilute the rights of workers,” said A K Padmanabhan, president, Centre of Indian Trade Unions.

Another issue that has become the bone of contention is the curb on proceedings, gherao, squat on premises or stage demonstrations at managers’ houses. The Bill proposes that instigating such forms of “coercive action” will not be considered legal.

The unions are also demanding that the number of days for giving registration to a union be brought down to 45 days than the proposed 60 days. The ministry has proposed to allow trade union registration within 60 days of an application and if the registration is not granted within the stipulated time, it shall be deemed approved. According to Labour Minister Bandaru Dattatreya, such minor differences of opinion are common and these would be settled soon.

The industrial relations Bill aims to combine and amend three laws — the Industrial Disputes Act, the Industrial Employment (Standing Orders) Act, and the Trade Unions Act. The proposals opposed by trade unions include easing retrenchment norms, curbing trade union formation and restricting strikes.

Business Standard, New Delhi, 26th May, 2016 

Comments

Popular posts from this blog

Credit card spending growth declines on RBI gaze, stress build-up

  Credit card spends have further slowed down to 16.6 per cent in the current financial year (FY25), following the Reserve Bank of India’s tightening of unsecured lending norms and rising delinquencies, and increased stress in the portfolio.Typically, during the festival season (September–December), credit card spends peak as several credit card-issuing banks offer discounts and cashbacks on e-commerce and other platforms. This is a reversal of trend in the past three financial years stretching to FY21 due to RBI’s restrictions.In the previous financial year (FY24), credit card spends rose by 27.8 per cent, but were low compared to FY23 which surged by 47.5 per cent. In FY22, the spending increased 54.1 per cent, according to data compiled by Macquarie Research.ICICI Bank recorded 4.4 per cent gross credit losses in its FY24 credit card portfolio as against 3.2 per cent year-on-year. SBI Cards’ credit losses in the segment stood at 7.4 per cent in FY24 and 6.2 per cent in FY23, the...

SFBs should be vigilant, proactive to mitigate risks: RBI deputy guv

  The Reserve Bank of India’s Deputy Governor Swaminathan J on Friday instructed the directors of small finance banks (SFBs) to be vigilant and proactive in identifying emerging risks in the sector.Speaking at a conference for directors on the boards of SFBs, Swaminathan highlighted the role of governance in guiding SFBs towards sustainable growth with stability. He also emphasised the importance of sustainable business models.Additionally, he highlighted the need for strengthening cybersecurity to protect the entities against digital threats and urged for a stronger focus on financial inclusion, customer service, and grievance redressal to ensure a broader reach of banking services.Executive Directors S C Murmu, Rohit Jain, and R L K Rao, along with other senior officials representing the Supervision, Regulation, and Enforcement Departments of the RBI, also participated in the conference.   -  Business Standard  30 th  September, 2024

Brigade Hotel Ventures files draft papers with Sebi for Rs 900 crore IPO

  Brigade Hotel Ventures Ltd, owner and developer of hotels in South India, has filed draft papers with capital markets regulator Sebi to raise Rs 900 crore through an initial public offering (IPO).The proposed IPO is entirely a fresh issue of equity shares with no Offer-for-Sale (OFS) component, according to the draft red herring prospectus (DRHP).Proceeds from the issue to the tune of Rs 481 crore will go towards payment of debt, Rs 412 crore will be allocated to the company and Rs 69 crore to its material subsidiary, SRP Prosperita Hotel Ventures Ltd.Additionally, Rs 107.52 crore will be used to purchase an undivided share of land from the Promoter, BEL, and the remaining funds will support acquisitions, other strategic initiatives, and general corporate purposes.The company may raise up to Rs 180 crore through a Pre-IPO Placement.   If the placement is undertaken, the issue size will be reduced.Brigade Hotel Ventures Ltd is a wholly-owned subsidiary of Brigade Enterprises ...