Merger and Acquisition – College Essay Example
Merger and Acquisition – College Essay Example

Merger and Acquisition – College Essay Example

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  • Pages: 7 (1693 words)
  • Published: July 19, 2017
  • Type: Essay
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Indian Trade Unions

Trade unions in India are primarily divided based on political affiliations. According to initial data provided by the Ministry of Labour, trade unions had a combined membership of 24.

601. 589 in 2002. As of 2008, there are 11 Central Trade Union Organizations (CTUO) recognized by the Ministry of Labour. These are different recognized Central Trade organizations.

Bharatiya Mazdoor Sangh

The Bharatiya Mazdoor Sangh (Indian Workers’ Union) is the biggest primary trade association in India. It was established by Dattopantji Thengdi on July 23.

In addition to being the birth year of Bal Gangadhar Tilak, 1955 also marks the establishment of the BMS. The BMS currently has a membership exceeding 8.3 million members.

The Ministry of Labour's preliminary statistics indicate that there are approximately 5,860 brotherhoods affiliated with the BMS. In 2002, these b


rotherhoods had a total membership of about 6,215,797.

It should be noted that the BMS is not associated with any International Trade Union Confederation.


BMS was established on 23 July 1955, which coincided with the birth anniversary of Lok Manya Bal Gangadhar Tilak, a prominent figure in the Freedom Movement. Two notable points distinguish this: (a) The formation of BMS did not occur due to a division within pre-existing trade union organizations, unlike most other trade unions.

Hence, it had the daunting task of building its organizational structure from the grassroots level, starting with no trade unions, no hierarchy, no activists (karyakartas), no office, and no funding.

(B) The trade union was initially established with the intention of being a genuine trade union grounded in Nationalism. It aimed to remain separate from party politics, unlike other trade unions that were affiliated with a specifi

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political party.

Purposes and Objective

(a) The aim is to establish the Bharatiya order of society, with the following objectives:

  1. To achieve full employment and maximum production by utilizing workforce and resources.
  2. To replace the motivation for earning income with a motivation for serving others, and create economic democracy that leads to fair distribution of wealth for the benefit of individual citizens and the nation as a whole.

The goal is to develop independent industrial communities as part of the state, leading to the "Labourisation of industry," ensuring work and fair wages for everyone through increased industrialization. The aim is to empower workers to work towards these objectives and strengthen them. Meanwhile, they should contribute to protecting and promoting their own interests in line with those of the community.

The aim is to assist workers in forming trade unions to serve the nation regardless of their religious beliefs or political preferences. This involves directing, overseeing, and coordinating the actions of these unions.

To support the affiliated brotherhoods in establishing BMS units and Industrial Federations as recognized units of the BMS and eight. To promote unity among trade brotherhoods. (c) To secure and uphold the rights of workers: (i) the right to employment, (ii) the right to job security and social security, (iii) the right to engage in trade union activities, and (iv) the right to strike as a last resort after all other legal means of addressing grievances have been exhausted.

10. The conditions of work, life, societal position, and industrial position have improved.


Achieving a fair wage that aligns with the national minimum and ensures a proportional share of the profits in their respective industries as partners.

Additionally, providing other

suitable amenities and promptly enforcing and amending existing labor legislation in their best interest.

Periodically, in consultation with labor representatives, new labor laws are put into effect. (D) The objective is to foster a mindset of service, collaboration, and compliance among workers, while also nurturing a sense of duty towards both the state and industry as a whole. (E) This is accomplished by arranging training sessions, study groups, guest lectures, and seminars for workers.

Collaboration with establishments and administrations that have similar objectives, such as the Central Board of Workers Education, is carried out to organize symposia, jaunts, etc.

Diaries and periodicals are printed and published by the Labour Research Centre, universities, and libraries.

Various forms of literature, such as booklets, images, and books, are mainly focused on labor and its related activities like buying, selling, and exploring them.

(g) The objective is to establish, promote, and develop Labor Research Centers and similar endeavors. (H) Moreover, additional measures will be undertaken to enhance the workers' social, economic, cultural, civic, and general circumstances.

BMS is firmly against the consumption of drugs, alcohol, substances that cause intoxication, and tobacco for the benefit of workers and society. Their objective is to offer support and create collaborative entities as well as public welfare establishments.

nines etc. . for the overall public assistance of the common adult male in general and the workers and their households in peculiar.

National Labour Day

India has a heritage of 1000s of twelvemonth where the self-respect of labor every bit good as those of laborers was good established.

The urgent request from HR is to restore the Dignity of Labour by recognizing our own labor day.

Additionally, many states have their own National Labour Day, which was found to be on Vishwakarma Jayanti. Vishwakarma is considered the first craftsman.

Kanya Sankranti is the annual celebration of the sculpturer and engineer, which is regarded as a symbol of hard work. BMS has observed Vishwakarma Jayanti on September 17th of each year, coinciding with National Labour Day in the English Calendar Year.

Since 1955, the Bharatiya Mazdoor Sangh (BMS) has introduced new slogans and reinforced its political ideology. It has also generated several innovative concepts that have become popular trends. The nonpartisan nature of BMS has gained recognition and acceptance not only in India but also overseas. This was evident during the XII World Trade Union Congress of WFTU held in Moscow in 1990.

The organization known as BMS has adopted a position against the concept of class, as well as rejecting Marx's theory of class. Instead, they focus on fighting for fairness for workers regardless of where the unfairness comes from. While BMS is not aligned with any political party, they believe in working cooperatively with any democratically elected government. BMS has proposed the idea of "Labourisation" of Industries, where workers would collectively own and manage industrial units, leading to a nationwide debate on the topic.

The successful experiment was carried out in New Central Jute Mills, West Bengal. The experiment involved the implementation of the New Economic Policy (NEP) and the New Industrial Policy (NIP).

BMS's Opposition to NEP and NIP

BMS was at the forefront of opposing these policies, but also provided a motto for the second war of economic independence. Additionally, BMS recommended some positive alternatives.

It smartly

opposes the idea of relying on the IMF and WB as it believes it would mean losing our sovereignty. Instead, BMS sees it as an opportunity to establish an indigenous model of economy. Therefore, it encourages the use of Swadeshi (Indigenous) Products over foreign or multinational corporation products. It also proposes to collaborate in making loss-making public sector units profitable whenever possible and agrees to involve workers in running these units effectively.

To address excessive profit-making, which is the main cause of price increases, the suggestion is for the Government to inform consumers about the production cost of each product for daily use. This awareness will act as a watchdog to control prices. BMS also believes that in order to create sufficient job opportunities, more attention should be given to agricultural development as well as agro-based and small industries. The Vishwakarma Sector (Self-employment sector) should receive greater support than it currently does.

When it comes to modern engineering, BMS advocates for the development of our own technology that is rooted in indigenous and traditional knowledge to effectively address our unique conditions. This viewpoint should serve as a guiding principle for the national engineering policy.

Indian National Trade Union Congress

The Indian National Trade Union Congress (INTUC) represents the trade union sector of the Indian National Congress. It was established on May 3, 1947.

The objectives of INTUC, affiliated with the International Trade Union Confederation, are as follows:
- To establish a society that promotes the all-round development of its individual members and fosters the growth of human personality in all aspects, while striving to eliminate social, political, and economic inequalities, profit motivation in economic activities, and concentration of power in

any form.
- To bring industries under national ownership and control in a suitable manner to achieve the aforementioned objectives quickly.
- To organize society in a way that ensures full employment and optimal utilization of its workforce and resources.
- To secure increasing involvement of workers in the management of industries and their complete participation in its control.
- To promote overall social, civic, and political engagement among the working class for effective organization of all categories of workers including agricultural laborers.
- To guide and coordinate activities of affiliated organizations.
- To assist and coordinate activities of affiliated organizations.
- To support formation trade unions.
- Encourage organization workers from each industry on a national level.

  • To support the establishment of Regional or Pradesh Branches or Federations.
  • To enhance working and living conditions, as well as the status of workers in both industry and society.
  • To ensure social security for workers, including equal provision for accidents, pregnancy, illness, old age, and unemployment.
  • To guarantee a lifelong income for every worker in regular employment and continuously improve their standard of living.
  • To regulate working hours and other work conditions based on the workers' situation and enforce labor protection legislation properly.
  • To establish industrial relations exclusively.
  • To resolve grievances by negotiating and reconciling without resorting to work stoppages. If these methods fail, use arbitration or adjudication.
  • In cases where adjudication is not applicable or resolution through arbitration takes an unreasonable amount of time for grievance settlement, legitimate methods such as strikes or Satyagraha can be used.
  • To make necessary arrangements for conducting authorized strikes or Satyagraha effectively.
  • To promote solidarity and service values.

Brotherhood, cooperation, and common aid among the workers. To develop

a sense of duty towards the industry and community, as well as raise the workers' criterion of efficiency and subject.

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