This notification, S.O. 2862(E), issued by the Ministry of Labour and Employment, declares the Banking Industry as a Public Utility Service under the Industrial Disputes Act, 1947. This declaration, effective from October 21, 2015, extends the previous notification (dated 09.04.2015 and effective from April 21, 2015) for an additional six months. The Central Government, in exercising its powers under Section 2(n)(vi) of the Industrial Disputes Act, 1947, deems this extension necessary in the public interest. The order is issued under No. S11017597/IR/PL and signed by G. Venugopal Reddy, Joint Secretary.
Key Entities Referenced
Industrial Disputes Act, 1947: An Indian Act of Parliament concerning labour law that governs trade unions, individual employment, and industrial disputes in India.
Banking Industry: Refers to the industry that manages money, credit and capital in the Indian economy. Declared a Public Utility Service under the Industrial Disputes Act.
Central Government: The executive authority of the Union of India.
Ministry of Labour and Employment: A ministry of the Government of India responsible for labour policy, employment services, and vocational training.
New Delhi: The capital of India
October 21, 2015: The date from which the Banking Industry is declared a Public Utility Service for six months.
G. VENUGOPAL REDDY: Joint Secretary in the Ministry of Labour and Employment, as indicated by the signature on the notification.
Public Utility Service: A service considered essential to the public, and subject to special regulations to ensure its continuous provision.
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4473 GI/2015 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF LABOUR AND EMPLOYMENT
NOTIFICATION
New Delhi, the 19th October, 2015
S.O. 2862(E).—Whereas the Central Government having been satisfied that the public interest so
requires that in pursuance of the provisions of sub-clause (vi) of the clause (n) of section 2 of the Industrial
Disputes Act, 1947 (14 of 1947), the services in Industry ‘Banking Industry’ which is covered by item 2 of
the First Schedule to the Industrial Disputes Act,1947 (14 of 1947 ) to be a Public Utility Service for the
purpose of the said Act, as was notified for a period of six months with effect from 21st April 2015 vide this
Ministry’s Notification dated 09.04.2015.
And whereas, the Central Government is of opinion that public interest requires the extension of the
said period by a further period of six months.
Now, therefore, in exercise of the powers conferred by the proviso to sub-clause (vi) of clause (n) of
section 2 of the Industrial Disputes Act, 1947, the Central Government hereby declares the said Industry to be
a Public Utility Service for the purpose of the aforesaid Act, for a period of six months with effect from
21st October 2015.
[No. S-11017/5/97-IR (PL)]
G. VENUGOPAL REDDY, Jt. Secy.
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.