1. Industrial Relations

2. ‘Industrial Relations’ denotes relationships between management and workers in the industry. “The Industrial Relation includes individual relations and joint consultation between employers and their organisations and the trade unions, and the part played by the state in regulating the relations”.

3. Objectives of Industrial Relations The development of healthy employee – employer relations The maintenance of industrial peace and high productivity The development and growth of industrial democracy

4. Objectives of Industrial Relations Employer to individual employee relations Labor management relations Industrial peace and productivity Industrial Democracy Liais on functions

5. Emerging Business Scenario in India Core sectors opened for Private sectors Multinationals allowed to invest in India Banking and Insurance sectors opened to investments by FDIs ILO started influencing core conventions.

6. Trade Unions Under the Trade Union Act of 1928, the term is defined as ‘any combination, whether temporary or permanent, formed primarily formed for the purpose of regulating relations between worker and employers or for imposing restrictive conditions of any trade or business and includes any federation of two or more unions’.

7. Forms of Trade Union Classical Neo – classical Revolutionary change in the system

8. Objectives of trade unions Wages and salaries Working Conditions Discipline Personnel Policies Welfare Employee – Employer relations Negotiations Safeguarding organizational health.