Economic welfare is the level of prosperity and standard of living of either an individual or a group of persons. In the field of economics, it specifically refers to utility gained through the achievement of material goods and services.
Various statutory provisions in India under the Factories Act,1948 and various other enactments, providing facilities like healthcare, canteens etc to labor.
Various statutory provisions in India under the Factories Act,1948 and various other enactments, providing facilities like healthcare, canteens etc to labor.
BONUS ACT BASICS
A bonus is an extra amount of money that is added to someone's pay, usually because they have worked very hard.
The practice of paying bonus in India appears to have originated during First World War when certain textile mills granted 10% of wages as war bonus to their workers in 1917.
Dear Seniors & Friends,
Sharing the updated PPT on "Provident Fund & MP Act 1952" of India. Kindly have a look on the Same & Share your valuable feedback & suggestion. If you found any mistake kindly update me for the modification the same.
Regards,
Anshu Shekhar Singh
Mob: 9999 844 355
DEFINITION OF INDUSTRIAL DISPUTES BY THE ID ACT, VARIOUS FORMS OF INDUSTRIAL DISPUTES, WITH THERE EXPLANATIONS ,CAUSES OF INDUSTRIAL DISPUTES AND THERE EFFECTS ALSO(POSITIVE AND NEGATIVE), THE MOST IMPORTANT IS THE PREVENTIVE MEASURES AND THE FORMS OF SETTLEMENT OF VARIOUS DISPUTES IN AN INDUSTRY LEVEL WITH PROPER EXAMPLE AND PROCESS OF ALMOST ALL THE FORMS OF DISPUTES SETTLEMENT INCLUDING CONSULTATIVE MACHINERY.
Provisions of Factories Act 1948,
Statutory Provisions under the Factories Act 1948,
Provisions Regarding the Health of Workers,
Provisions Regarding the Safety of Workers,
Provisions Regarding the Welfare of Workers,
BONUS ACT BASICS
A bonus is an extra amount of money that is added to someone's pay, usually because they have worked very hard.
The practice of paying bonus in India appears to have originated during First World War when certain textile mills granted 10% of wages as war bonus to their workers in 1917.
Dear Seniors & Friends,
Sharing the updated PPT on "Provident Fund & MP Act 1952" of India. Kindly have a look on the Same & Share your valuable feedback & suggestion. If you found any mistake kindly update me for the modification the same.
Regards,
Anshu Shekhar Singh
Mob: 9999 844 355
DEFINITION OF INDUSTRIAL DISPUTES BY THE ID ACT, VARIOUS FORMS OF INDUSTRIAL DISPUTES, WITH THERE EXPLANATIONS ,CAUSES OF INDUSTRIAL DISPUTES AND THERE EFFECTS ALSO(POSITIVE AND NEGATIVE), THE MOST IMPORTANT IS THE PREVENTIVE MEASURES AND THE FORMS OF SETTLEMENT OF VARIOUS DISPUTES IN AN INDUSTRY LEVEL WITH PROPER EXAMPLE AND PROCESS OF ALMOST ALL THE FORMS OF DISPUTES SETTLEMENT INCLUDING CONSULTATIVE MACHINERY.
Provisions of Factories Act 1948,
Statutory Provisions under the Factories Act 1948,
Provisions Regarding the Health of Workers,
Provisions Regarding the Safety of Workers,
Provisions Regarding the Welfare of Workers,
The Indian Partnership Act, 1932 defines partnership as
“the relation between persons who have agreed to share the profit of the business carried on by all or any one of them acting for all.”
In 1944, the United States and Britain held a conference (Bretton Woods) that established:
1. International Bank for Reconstruction and Development (World Bank) (IBRD)
2. International Monetary Fund (IMF)
Economics comes from the Greek word oikonomia which means household chores. Economics is considered a field of social science. Economics is relevant because it is part of everybody’s life. As a science, Economics is related to other sciences.
In economics, the cycle of poverty is the “Set of factors or events by which poverty, once started, is likely to continue unless there is outside intervention“. The poverty cycle can be called the “Development trap" when it is applied to countries.
The Reserve Bank of India is India's central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934.
The FEMA (1999) or in short FEMA has been introduced as a replacement for earlier Foreign Exchange Regulation Act (FERA)
FEMA came into act on the 1st day of June,2000
49 sections in the Act.
This theory relies on the market behaviour of the consumer to know about his preferences with regard to the various combinations for the two reactions and responses of the consumer.
Isoquants, MRTS, Concept of Total Product, Average & Marginal Product, Short Run and Long Run analysis of production, The Law of Variable proportion, Returns to scale,
Production Cost – Concept of Cost, Classification of Short run cost – Long run cost,
Trade policy governs exports from and imports into a country.
Guided by the Export-Import (EXIM) Policy of the Government of India which is Regulated by the Foreign Trade (Development and Regulation) Act, 1992
It contains various policy with respect to imports and exports i.e. export promotional measures, policies and procedures related thereof. Policy was prepared and announced by the Central Government (Ministry of Commerce and Industry) for every 5 years of span.
Promotion is the entire set of activities which communicate the product, Brand, Service so on to the user. The Idea is to make people aware, attract and induce to buy the product, in preference over others
Studying of Economics often seems hard. It is only because of the vocabulary used in defining the economic concepts, here are a set of terms which are frequently used in economics along with definitions..
The “Demand” for a commodity, at a given price, is the quantity of it which will be bought per unit of time at that price.
In economics, demand refers to the buying behavior of a household. When desire is backed by willingness and ability to pay for a good or service then it becomes Demand for the good or service.
Consumer Behaviour is the study of how individual customers, groups or organizations select, buy, use, and dispose ideas, goods, and services to satisfy their needs and wants. It refers to the actions of the consumers in the marketplace and the underlying motives for those actions. The study of Consumer Behaviour assumes that the consumers are actors in the marketplace.
The activity of seeking wealth is as old as Human
Civilization. Human beings either as individuals or as groups
or as large kingdoms and empires have always been engaged
in acquiring and increasing the material wealth.
However, a discipline study of the wealth producing
activities was commenced about 230 years back when Adam
Smith, the father of Economics, published “The Nature and
Causes of Wealth of Nations”. Economics, as a discipline,
constitute the most important subject to analyze activities
related to wealth creation and distribution. The dimensions of
the subject of Economics are truly vast and encompasses all
aspects of our lives.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
This presentation poster infographic delves into the multifaceted impacts of globalization through the lens of Nike, a prominent global brand. It explores how globalization has reshaped Nike's supply chain, marketing strategies, and cultural influence worldwide, examining both the benefits and challenges associated with its global expansion.
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how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
2. NEED FOR SOCIAL SECURITY
• Social Security protects the subscriber and his/her entire family by giving
beneficial packages in financial security and health care.
• It facilitates people to plan their future through insurance and assistance.
• Schemes are designed to guarantee at least long-term sustenance to
families when the earning member retires, dies or suffers a disability.
• Poverty in India points towards the need to adopt a wider concept of social
security that would include both promotional and protectivesocial security
• Affects labour productivity and thus has implications that extend far beyond the
workers and their families themselves
• With India's traditional means of support (the extended family), gradually
breaking down a huge, impoverished and aging segment of the population is
becoming an enormous drain on the country's resources.
TheYoungIndianEconomists.wordpress.TheYoungIndianEconomists.wordpress.
comcom
3. • As people grow older the expenditure on their health also increases.
• While social security systems are meant to take care of the
redundant/unemployed or the unemployable, self-accumulated retirement
savings are the only saviour for citizens of countries where formal social
security systems don’t exist
• Prevention against increases in deprivation and the promotion of better
chances of individual development.
• Provides financial relief at the time of distress.
• People all over the world are living longer, having fewer children, and
expecting higher standards of living in their retirement years.
• The most important feature shared by all these workers is the absence of any
sort of protection: whether it be employment security, pension, or coverage
for risks such as ill health, accidents, death.
TheYoungIndianEconomists.wordpresTheYoungIndianEconomists.wordpres
s.coms.com
4. WORKFORCE IN INDIA
The dimensions and complexities of the problem in India can be
better appreciated by taking into consideration the extent of the
labour force in the organized and unorganized sectors.
While as per the 1991 census, the total workforce was about
314 million and the organized sector accounted for only 27
million out of this workforce.
The NSSO’s survey of 1999-2000 has estimated that the
workforce had increased to about 397 million out of which only
28 million were in the organized sector.
There has been a growth of only about one million in the
organized sector in comparison the growth of about 55 million in
the unorganized sector.
TheYoungIndianEconomists.wordpressTheYoungIndianEconomists.wordpress
.com.com
5. Organized sector
The organized sector includes primarily those establishments
which are covered by the Factories Act, 1948, the Shops and
Commercial Establishments Acts of State Governments, the
Industrial Employment Standing Orders Act, 1946 etc. This
sector already has a structure through which social security
benefits are extended to workers covered under these
legislations.
The organized sector is characterized by:
• Fixed working hours
• Job security
• Paid leaves and various other benefits
TheYoungIndianEconomists.wordpress.comTheYoungIndianEconomists.wordpress.com
6. Unorganized sector
The unorganized sector is characterized by:
1.The lack of labour law coverage
2.Seasonal and temporary nature of occupations
3.High labour mobility
4.Dispersed functioning of operations
5.Lack of organizational
6.Irregular work
7.Job security
8.No benefits
Support all of which make it vulnerable to socio-economic hardships.
In rural areas- Landless agricultural laborers', farmers, persons engaged
in animal husbandry, fishing, horticulture, bee-keeping, rural artisans, etc.
In urban areas- Manual laborers' in construction, carpentry, trade,
transport, communication, street vendors, hawkers, head load workers,
garment makers, etc.
TheYoungIndianEconomists.wordpress.comTheYoungIndianEconomists.wordpress.com
7. SYNOPSIS OF SOCIAL SECURITY
LAWS
The principal social security laws enacted in India:
• The Employees’ State Insurance Act, 1948 (ESI Act)
• The Employees’ Provident Funds & Miscellaneous Provisions Act,
1952 (EPF & MP Act)
• The Workmen’s Compensation Act, 1923 (WC Act),
• The Payment of Gratuity Act, 1972 (P.G. Act),
• The Maternity benefit Act,1961.
TheYoungIndianEconomists.wordpress.comTheYoungIndianEconomists.wordpress.com
8. The Employees’ State Insurance
Act, 1948 (ESI Act)
• The promulgation of Employees’ State Insurance Act, 1948
envisaged an integrated need based social insurance scheme.
• It protects the interest of workers in contingencies such as
sickness, maternity, temporary or permanent physical
disablement, death due to employment injury resulting in loss
of wages or earning capacity.
• The Act also guarantees reasonably good medical care to
workers and their immediate dependants. Following the
promulgation of the ESI Act the Central Government set up
the ESI Corporation to administer the Scheme. The Scheme,
thereafter was first implemented at Kanpur and Delhi on 24th
February 1952. TheYoungIndianEconomists.wordpress.comTheYoungIndianEconomists.wordpress.com
9. Benefits
The section 46 of the Act envisages following social security
benefits:
• Medical benefit
• Sickness benefit (SB)
(a) Extended Sickness Benefit
(b) Enhanced Sickness Benefit
• Maternity Benefit (MB)
• Disablement Benefit
(a) Temporary disablement benefit (TDB)
(b) Permanent disablement benefit (PDB)
TheYoungIndianEconomists.wordpress.comTheYoungIndianEconomists.wordpress.com
10. The Employees’ Provident Funds & Miscellaneous
Provisions Act, 1952 (EPF & MP Act)
The EPF & MP Act, 1952 was enacted by Parliament and came into force with
effect from 14th March,1952. A series of legislative interventions were made
in this direction, including the Employees' Provident Funds & Miscellaneous
Provisions Act, 1952.
Presently, the following schemes are in operation under the Act:
I. Employees' Provident Fund Scheme, 1952
II. Employees' Pension Scheme, 1995 (replacing the Employees' Family
III. Employees' Deposit Linked Insurance Scheme, 1976
TheYoungIndianEconomists.wordpress.comTheYoungIndianEconomists.wordpress.com
11. Employees' Provident Fund Scheme, 1952
The Employees' Provident Fund Organization, India, is one of the largest
provident fund institutions in the world in terms of members and volume of
financial transactions that it has been carrying on. It applies to specific
scheduled factories and establishments employing 20 or more employees and
ensures terminal benefits to provident fund, superannuation pension, and
family pension in case of death during service.
Needs:
i. Retirement
ii. Medical Care
iii. Housing
iv. Family obligation
v. Education of Children
vi. Financing of Insurance Polices
TheYoungIndianEconomists.wordpress.comTheYoungIndianEconomists.wordpress.com
12. Provident fund
1. A part of your salary is deducted every month and deposited on
your behalf.
2. If you work in a private firm then the company pays the same
amount as it is deducted from your account and when you leave
the firm you can apply and withdraw the amount saved.
3. It's actually your personal saving of your earnings.
4. If you are in government service then you will get the lump sum
when you retire.
5. Compulsory contributory fund for the future of an employee
after his retirement or for his dependents in case of his early
death.
6. It extends to the whole of India except the State of Jammu and
Kashmir TheYoungIndianEconomists.wordpress.comTheYoungIndianEconomists.wordpress.com
13. Employees' Provident Funds & Miscellaneous Provisions Act, 1952
Objectives:
• Promoting and securing the well being of the employees by way of provident
fund, family pension and insurance to them.
• Inculcating a habit of saving amongst workers.
• Providing a steady workforce to the employers and
• Assisting the government by providing funds of considerable magnitude for
utilization on various projects meant for promoting economic and social
development of the country and the well being of its people.
Applicability:
• Every establishment which is a factory
• Engaged in any industry mentioned in schedule I of the Act and
• Employing 20 or more persons or
• Any other establishment employing twenty or more persons or
• Such other establishment as the central Government may notify.
TheYoungIndianEconomists.wordpress.comTheYoungIndianEconomists.wordpress.com
14. BENEFITS
A member of the provident fund can withdraw full amount at the credit in the
fund on retirement from service after attaining the age of 55 year.
Full amount in provident fund can also be withdraw by the member under the
following circumstance:
• A member who has not attained the age of 55 year at the time of termination of
service.
• A member is retired on account of permanent and total disablement due to
bodily or mental infirmity.
• On migration from India for permanent settlement abroad or for taking
employment abroad.
• A member can withdraw up to 90% of the amount of provident fund at credit
after attaining the age of 54 years or within one year before actual retirement.
Claim application in form 19 may be submitted to the concerned Provident Fund
Office.
• Amount of Provident Fund at the credit of the deceased member is payable to
nominees/ legal heirs. Claim application in form 20 may be submitted to the
concerned Provident Fund Office.
TheYoungIndianEconomists.wordpress.comTheYoungIndianEconomists.wordpress.com
15. • SCHEMES
− Employees Provident Funds Scheme,1952 – sec 5
− Employees Pension Scheme,1995 – sec 6A
− Employees Deposit-Linked Insurance Scheme,1976 – sec 6C
• REGULATORY MECHANISM
− Central Board - section 5A
− Executive Committee – section 5AA
− State Board - section 5B
− Central Government
Contribution of Employee12% of the Pay, where “Pay” includes basic wages with
dearness allowance, retaining allowance.
VOLUNTARY CONTRIBUTION: -
1. Minimum PF Contribution is12%
2. Maximum PF Contribution is100% of the Pay.
3. Tax Benefits to the contribution are applicable as per Income Tax Rules.
TheYoungIndianEconomists.wordpress.comTheYoungIndianEconomists.wordpress.com
16. PENSIONPENSION
• A pension is a steady income given to a person (usually after retirement). Pensions are
typically payments made in the form of a guaranteed annuity to a retired or disabled
employee.
• Occupational pensions are a form of deferred compensation, usually advantageous to
employee and employer for tax reasons.
• Many pensions also contain an insurance aspect, since they often will pay benefits to
survivors or disabled beneficiaries, while annuity income insures against the risk of
longevity.
PENSION FUNDPENSION FUND
• A Pension fund is a pool of assets forming an independent legal entity that are bought
with the contributions to a pension plan for the exclusive purpose of financing pension
plan benefits.
EMPLOYEE PROVIDENT FUNDEMPLOYEE PROVIDENT FUND
• Employees Provident Funds Scheme, 1952.
• Employees Deposit-Linked Insurance Scheme, 1976 .
• Employees Pension Scheme 1995 (Earlier the Employees Family Pension Scheme, 1971) .
17. EMPLOYEES PENSION SCHEME, 1995 (EARLIER THE EMPLOYEESEMPLOYEES PENSION SCHEME, 1995 (EARLIER THE EMPLOYEES
FAMILY PENSION SCHEME 1971)FAMILY PENSION SCHEME 1971)
1. Employee is not required to contribute separately under the Employees Pension
Scheme 1995.
2. Employer share of Provident Fund Contribution at 8.33% is diverted to Pension Fund
TYPE OF PENSION:TYPE OF PENSION:
• Monthly Member’s Pension: On attaining the age of 58 years.
• Invalidity pension: Permanent and total disablement during the course of employment.
• Widow pension: Death of member whether in service or after exit from employment or
after retirement/ commencement of monthly member pension. Pension for life or until
remarriage
• Children pension: Payable to two children of deceased member up to the age of 25 years
in addition to widow.
• Orphan pension: Two orphan children up to the age of 25 years.
18. REASONS FOR A NEW PENSION SCHEMEREASONS FOR A NEW PENSION SCHEME
• Close to 65% of population still live in rural areas are not
covered.
• Of the salaried 20% are govt employees-have a defined,
indexed, pension entirely funded by the govt.
• About 49% of non-govt employees only covered by EPF & EPS.
• Less than 10% are eligible for the formal pension fund scheme
estimated working population.
• Serious majority of workers who are not below the poverty line
might go below it after their as they have not accumulated
enough savings for future.
TheYoungIndianEconomists.wordpress.comTheYoungIndianEconomists.wordpress.com
19. EMPLOYEES DEPOSIT- LINK INSURANCE SCHEME 1976EMPLOYEES DEPOSIT- LINK INSURANCE SCHEME 1976
• Provides for payment of assurance benefit, upon death of
the member while in service
• Linked to the average balance in the provident fund
account of the deceased member
• The assurance benefit shall be payable to the person
entitled to receive provident fund accumulation of the
deceased member
• The membership extends to all members of provident
fund
• Employees not required to contribute
• Employers are required to contribute 0.50% of
pensionable salary TheYoungIndianEconomists.wordpress.comTheYoungIndianEconomists.wordpress.com
20. The Workmen's Compensation Act, 1923
It aims at providing financial protection to workmen and their dependants in case
of accidental injury by means of payment of compensation by the employers.
WHO IS A WORKMAN?
Workman means any person (other than a person whose employment is of a casual
nature and who is employed otherwise than for the purposes of the employer’s
trade or business) who is:
a railway servant as defined in section 3 of the Indian Railways Act, 1890 not
permanently employed in any administrative, district or sub-divisional office of a
railway and not employed in any such capacity as is specified in Schedule II, or
employed in any such capacity as is specified in Schedule II,
provisions of the Act have been extended to cooks employed in hotels, restaurants
using power, liquefied petroleum gas or any other mechanical device in the process
of cooking.
Compensation
In case of death the minimum amount of compensation fixed is Rs,. 80,000 and Rs.
90,000 in case of permanent total disablement. The maximum amount of
compensation payable is Rs. 4.56 lakh in the case of death and Rs. 5.48 lakh in the
case of permanent total disablement.
21. EMPLOYER’S LIABILITY FOR COMPENSATION
(ACCIDENTS)
The employer of any establishment covered under this Act, is required to
compensate an employee
Employees Who has suffered an accident arising out of and in the course of his employment,
resulting into:
1. Death
2. permanent total disablement
3. permanent partial disablement
4. temporary disablement whether total or partial
5. occupational disease.
Any injury not resulting in death, caused by an accident which is attributable to :
a) the workmen having been at the time thereof under the influence or drugs, or
b) the willful removal or disregard by the workmen of any safeguards.
c) when the employee has contacted a disease which is not directly attributable to a
specific injury caused by the accident or to the occupation.
TheYoungIndianEconomists.wordpress.comTheYoungIndianEconomists.wordpress.com
22. The Factories Act, 1948
The Factories Act, is a social legislation which has been enacted
for occupational safety, health and welfare of workers at
workplaces.
Factories covered under the Factories Act:
1. The industries in which 10 or more than 10 workers are
employed on any day of the preceding 12 months and are
engaged in manufacturing process being carried out with the
aid of power
2. The industries in which 20 or more than 20 workers are
employed in manufacturing process being carried out without
the aid of power.
TheYoungIndianEconomists.wordpress.comTheYoungIndianEconomists.wordpress.com
23. Welfare Measures
• This act is a complete document on hours of work, holidays, special
provisions on accidents and diseases.
• Washing, disposal of wastage, ventilation, spacing between workers, urinals,
drainage, drinking water facilities
• Facilities for storing and drying clothing
• First – aid appliances
• Facilities for sitting, canteens, Shelters, rest rooms and lunch rooms
• Crèches
• Welfare officers if working more then 500 or more workers.
• Child labour should be avoided.
• Male and Female children must be housed in different sleeping quarters.
• Children may not sleep more than two per bed.
TheYoungIndianEconomists.wordpress.comTheYoungIndianEconomists.wordpress.com
24. Payment of Gratuity
• This act includes all factories and establishments that employ 10 or more
employees.
• Gratuity shall be payable to an employee on the termination of his employment
after he has rendered continuous service for not less than five years –
(a) on his superannuation, or
(b) on his retirement or resignation, or
(c) on his death or disablement due to accident or
disease.
• The total gratuity payable should not me more than 20 months wages.
1. It provides 15 days wages for each year of service to employees who have
worked for five years or more in factories, establishments having a minimum of
10 workers.
2. The maximum amount of gratuity payable is Rs. 3,50,000/-
25. Maternity Benefit Act
• To regulate the employment of women in certain establishments for certain
periods before and after childbirth and to provide for maternity benefits and
certain other Benefits
• This act applies to all women not covered by ESI Act and who have completed
160 days of service in last 12 months
• It allows for 6 weeks leave before and after the delivery during which she is
paid the average daily wage.
• Every woman shall be entitled to, and her employer shall be liable for, the
payment of maternity benefit, which is the amount payable to her at the rate
of the average daily wage for not less than 12 weeks i.e. preceding and
following the day of her delivery does not exceed 12 weeks.
• A women shall be entitled to maternity benefit only if she has actually worked
in an establishment of the employer for a period of not less then eighty days in
the twelve months immediately proceeding the date of her expected delivery
(section-5[2]).
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26. Health and Safety at Work Act 1974
Before 1974 approximately 8 million employees had no legal
safety protection at work.
HASAWA 74 provides the legal framework to promote,
stimulate and encourage high standards of health and safety in
places of work.
It protects employees and the public form work activities.
Everyone has a duty to comply with the Act, including
employers, employees, trainees, self-employed, manufacturers,
suppliers, designers, importers of work equipment.
Secures Health Safety and Welfare
Protects other people against risks from the activity of other people at
work.
Controlling dangerous substances
Controlling emissions
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27. Industrial Disputes Act
• An Act to make provision for the investigation and settlement of industrial disputes, and
for certain other purposes.
(a) Collective agreement-
(i) any employer or employers, and
(ii) any workmen or any trade union or trade unions consisting
of workmen, and
(b) which relates to the terms and conditions of employment of any workman, or to the
privileges, rights or duties of any employer or employers or any workmen or any trade
union or trade unions consisting of workmen, or to the manner of settlement of any
industrial dispute.
• The President may from time to time appoint a panel, of not less than five persons, from
which industrial courts shall be constituted as herein after provided.
• An industrial court consists of three persons, a member of the court nominated by the
Minister shall be the president of the court.
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