Globalised Capital Market and Legal Framework for Labour Welfare in India
Keywords:
Labour, capital market, policies, socio-economic justice, working conditionsAbstract
A well-structured social or employment policy contemplates maximization of employment and
improvement in the standard of life of the workmen by assuring good wage to enable to live a decent
standard of life and imparting to the workmen, educational and vocational training. Labour
management relations are a dynamic socio-economic process and they are constantly strive to
maximize their preferred value by applying resources to institutions. The labour law seeks to regulate
the relations and also form the welfare provisions and policies. The access of this law is wider than
any other law as it touches the lives of billions of workers with the help of Labour Organization to
provide the multiple benefits as- wages, dearness allowances, bonus, fringe benefits and regarding
working conditions like- leaves, working hours, health, safety and welfare.
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