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Banking Industry
April 28 , 2020
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- The Government of India has declared banking industry as public utility service till October 21.
- The order has been issued under the provisions of Industrial Disputes Act, 1947.
- The main objective of the Act is to secure harmony and peace in the work culture of Indian Industries.
- The Act applies only to organized sector.
- The order was initiated by Ministry of Finance and has then gone to Reserve Bank of India for clarification.
- The order was passed and implemented by the Ministry of Labour.
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