introduction

The size of industrial labour in India has increased remarkably due to rapid and planned industrial development. The increase in industrial labour led to the formation and development of trade unions and various social groups. It has also been recognized that management without labour would be sterile and labour without management would be disorganized, ill-equipped and ineffective. It is realized that the concrete co-operation between labour and management is highly essential to fulfill the individual, organization and natural goals.
The First Five Year Plan has clearly demonstrated the fact that, an economy organized for planned production and distribution, aiming at realization of social justice and the welfare of masses can function effectively only in an atmosphere of industrial peace.