The Code on Industrial Relations 2020, also referred to as the “IR Code”, has been introduced by the Parliament with the sole motive to streamline and amend the regulations pertaining to the Trade Unions.
- It aims at reforming the working conditions of employees in various types of industrial establishments, besides scrutiny and redressal of various kinds of trade disputes.
- The current legislation provides for a more liberalized framework that supports the rights of the workers to form trade unions.
- It also aims to minimize the conflicts between the factory owners and laborers, through concrete provisions for investigation and quick redressal of the industrial disputes.