IR Rules 2021: Legalising Unfair Labour Practices


Central Government has published draft Industrial Relations (Central) Recognition of Negotiating Union or Negotiating Council and Adjudication of Disputes of Trade Unions Rules 2021 on 04/05/2021, seeking comments within 30 days. At the very outset, it well exemplifies the callous attitude of the Government in issuing these Rules at a time when the country is worst hit by the second wave of the COVID Pandemic, with more than 3 lakh deaths across the country.

The Political Economy of Banking Failure and the Design of Selling Out of PSBs Under Modi Regime

As millions of the people in the country are battling for life every day in the second wave of Covid-19 upsurge, the NITI Ayog and the Finance Ministry are finalising plans to privatise selected Public Sector Banks (PSBs). This comes as part of the 1.75 lakh crore disinvestment plan for the 2022 financial year. Disinvestment or sell out of Public Sector Undertakings (PSUs), that the country had built over the years since independence, is the most important marker of the disastrous Modinomics.