The Union Cabinet approved the Industrial Relation Code Bill, which is the third code under labour reforms. The government wants to codify 44 central labour laws into four broad codes. The Bill will set up of two-member tribunal instead of one member and introduce a concept that some important cases will be adjudicated jointly and the rest by a single member resulting in speedier disposal of cases. The bill also provides for the definition of Fixed Term Employment and that it would not lead to any notice period and payment of compensation on retrenchment excluded. It also provides for vesting of powers with the government officers for adjudication of disputes involving penalty as fines, thereby lessening the burden on the tribunal.
Daily Current Affairs Quiz 2019
The draft code on Industrial Relations has been prepared after amalgamating, simplifying and rationalizing the relevant provisions of three Central Labour Acts — the Trade Unions Act, 1926, the Industrial Employment (Standing Orders) Act, 1946, and the Industrial Disputes Act, 1947.