Bilateral Approach: In it the employer and worker negotiate with each other.

Unilateral Approach: In it the employer alone decides the terms and conditions of employment.

Managerial Concept: It views the institution as a participative decision-making between employees and employers, on matters in which both parties have vital interest.

Government Concept: It regards institution as a constitutional system or rule making process, which determines relation between management and trade union representatives.

Marketing Concept: It views Collective Bargaining as the means by which labour is bought and sold in the market place.

Collective Bargaining: It is a process of discussion and negotiation between two parties, one or both of whom is a group of persons acting in…

Illegal Deductions: Any deductions other than those authorized under Section 7 of the Act would constitute illegal deductions.

Eligibility for bonus: Every employee shall be entitled to be paid by his employer in an accounting year, bonus, in accordance with the provisions of…

Provident Fund Act: Since a number of changes in the EFP scheme are under implementation, our major recommendation is to cover effectively unorganized and migrant…

Investment Promotion: Investment promotion is directly linked with the institutional flexibility.

Maternity Benefit: Maternity benefit comprises of compensation for the period of actual absence of a woman employee due to her pregnancy.

Salary or Wages: All remuneration (other than remuneration in respect of over-time work) capable of being expressed in terms of money.

Employer: In relation to an establishment which is a factory, the owner or occupier of the factory, including the agent of such owner or occupier,…

Employee: Any person (other than an apprentice) employed on a salary or wage not exceeding [three thousand and five hundred rupees] per mensem in any…

Available Surplus: Available Surplus means the available surplus computed under section 5.