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Industrial peace and economic justice entails captivating development
Zafar Bhat. Dated: 8/17/2017 10:37:09 AM
Zafar Bhat
Jammu, Aug 16
The prosperity of any industry very much depends upon it growing production, while the production is only possible when the industry functions smoothly without any interruption.
However, during post-independence era we have witnessed the development of a new jurisprudence, namely the ‘Industrial Law’. The industrial Law in pre-independence days was as a rudimentary form. But later on with the development of industry, the industrial law developed side by side.
Whereas, the growth of this law was slow in the beginning but gained its pace in the recent years as is evident from the bulk of the cases before the Supreme Court on Industrial Law matters.
A large section of the Indian population is affected by Industrial Laws. Some like industrialists and their workmen are directly affected and many others are unconsciously affected by these laws.
The economic growth of a country depends upon the industrial development. Therefore, the progress of a country being depended upon the development of industry, the industrial laws play an important role in the national economy of a country. The production is only possible when the industry functions that influence the production, namely absence of disputes, i.e., harmonious relationship between the labour and the management.
Therefore, every industrial relations legislation necessarily aims at providing conditions congenial to the industrial peace.
Pertinently, economic justice is another objective aimed at by such legislations. Almost all interruptions in production are due to industrial disputes. Dissatisfaction with the existing economic conditions is the root cause of industrial disputes. The history of labour struggle is nothing but a continuous demand for fair return to labour expressed in varied forms, e.g., increase in wages, resistance to decrease in wages, and grant of allowance and benefits, etc.