Ministry of Labour and Employment declares services engaged in Banking industry to be a public utility service

On October 14, 2021, the Ministry of Labour and Employment (MoLE) has declared the services engaged in the Banking industry, which is covered under Industrial Disputes Act, 1947, to be a public utility service for a period of six months with effect from October 21, 2021.

MoLE has lastly declared the said industry to be a public utility service for a period of six months from April 21, 2021, vide Notification No. S.O. 1722 (E), dated April 16, 2021.

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