Under the provisions of the Industrial Disputes Act, the government declares the banking industry as public utility service until October 21

Under the terms of the Industrial Disputes Act, the government declared the banking industry a public utility service for six months to October 21.
 

Updated: Apr 25, 2020 17:55 IST

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Nithiya

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Under the provisions of the Industrial Disputes Act, the government declares the banking industry as public utility service until October 21

The banking industry as a public utility service until October 21

Accepting the provision of banking services under this Act means that no strikes by workers or law enforcement officers will occur in the banking industry from the start of April 21. The Ministry of Labor and Employment announced in a news circular that the banking sector had been a public service for six months via a notification.  
In the context of the coronavirus pandemic that has severely affected the economic activities, the notification was issued by the Labour Ministry. 

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