This notification, S.O. 5326(E), issued by the Ministry of Labour and Employment, declares the services engaged in the Banking industry as a public utility service under the Industrial Disputes Act, 1947. This declaration, effective from October 21, 2018, extends the public utility service status for a period of six months. This extension is based on the Central Government's assessment that public interest necessitates it. The initial declaration was made on April 11, 2018, via notification S.O. 1569(E), and was set to expire after six months. The current extension is enacted under the powers conferred by the proviso to sub-clause (vi) of clause (n) of section 2 of the Industrial Disputes Act, 1947. The responsible authority is Jt. Secy. KALPANA RAJSINGHOT, and the file number is F.No. S11017/5/97-IRPL.
Key Entities Referenced
Ministry of Labour and Employment: The Indian government ministry responsible for labour and employment policies.
Industrial Disputes Act, 1947: An Indian law that provides a mechanism for resolving labour disputes.
Banking industry: The industry encompassing banks and financial institutions, declared as a public utility service.
New Delhi: The capital city of India, where the notification was issued.
Central Government: The executive branch of the Government of India.
S.O. 5326E: The specific notification number related to the declaration of the banking industry as a public utility service.
S.O.1569E: Previous notification number regarding the public utility service status of the banking industry.
Kalpana Rajsinghot: The Joint Secretary who approved the notification.
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6128 GI/20182 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF LABOUR AND EMPLOYMENT
NOTIFICATION
New Delhi, the 18th October, 2018
S.O. 5326(E).—Whereas the Central Government is satisfied that public interest so requires that the services
engaged in the Banking industry, which is covered under item 2 of the First Schedule to the Industrial Disputes Act, 1947
(14 of 1947), to be a public utility service for the purposes of the said Act;
And whereas the Central Government has lastly declared the said industry to be public utility service for the
purposes of the said Act for a period of six months from the 21st April, 2018 vide notification of the Government of India
in the Ministry of Labour and Employment number S.O.1569(E), dated the 11th April, 2018 published in the Gazette of
India, Extraordinary, Part II, section 3, sub-section (ii), dated the 11th April, 2018;
And whereas the Central Government is of the opinion that public interest requires the extension of the public
utility service status to the said industry for 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 (14 of 1947), the Central Government hereby declares the services engaged in the
Banking industry to be a public utility service for the purposes of the said Act for a period of six months with effect from
the 21st October, 2018.
[F.No. S-11017 / 5 / 97- IR(PL)]
KALPANA RAJSINGHOT, Jt. Secy.
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and Published by the Controller of Publications, Delhi-110054.