BUSINESS ADMINISTRATION
INDUSTRIAL RELATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The way businesses are set-up and run
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Who can and cannot be employed
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The employer-employee relationship
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How people get paid
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Detailed explanation-1: -According to the Factories Act of 1948, no adult (an individual of more than 18 years of age) can work more than 48 hours per week and 9 hours per day. In addition, the spread should not exceed 10-1/2 hours, according to Section 51 of the Act.
Detailed explanation-2: -The principal sources of law and regulations relating to employment relationships in India are the Constitution of India, labour statutes, judicial precedence and collective and individual agreements. There are as many as 165 labour laws, including nearly 50 central (federal) laws.
Detailed explanation-3: -The Minimum Wages Act, the Payment of Wages Act, the Payment of Bonus Act, the Equal Remuneration Act and a few others are likely to be merged. The Labour Code on Industrial Relations will combine Industrial Disputes Act, 1947, the Trade Unions Act, 1926, and the Industrial Employment (Standing Orders) Act, 1946.
Detailed explanation-4: -The Wage Code regulates wage and bonus payments in all employment. The Code combines the provision of the following four laws: (i) the Payment of Wages Act, 1936, (ii) the Minimum Wages Act, 1948, (iii) the Payment of Bonus Act, 1965, and (iv) the Equal Remuneration Act, 1976. The Wage Code repeals the above 4 laws.