Ranked 58th
Aditya D Shetty, an alumnus of MBA department delivered a guest lecture on ‘Balancing ease of business with employee rights: The role of labour laws’ at AIMIT on June 13.
The lecture started with an analysis of the role played by labour laws to balance the interests of both the employer and the employee. Mr Shetty highlighted that labour laws come to the rescue of both the employer and the employee. He narrated the important provisions added in the four labour codes.
It was followed by a brief analysis of the major wage related legislations such as The Minimum Wages Act, 1948, The Payment of Wages Act, 1936 and Equal Remuneration Act, 1976. The procedure for fixing minimum wages was also mentioned in the lecture. A brief analysis of the Industrial Employment (Standing Orders) Act, 1946 was conducted during the lecture. Mr Shetty said that the object of passing this Act was to require employers to define with certainty the conditions of service in their establishments and to require them to write and to get them compulsorily published.
The various Social Security Legislations were also discussed in the lecture. The important provisions of the legislations such as Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, The Employees’ State Insurance Act 1948, The Employees’ Compensation (Amendment Act 2017), Maternity Benefit Act 1961, Payment of Gratuity Act, 1972, Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 were highlighted. The session concluded with a question and answer session. Oshwin Priyanka Sequeira, a labour law student from II MBA, proposed vote of thanks.
