What is permanent negotiating machinery, Financial Accounting

Assignment Help:

Q. What is Permanent Negotiating Machinery?

Two Federation of Union All Indian Railway men's federation (AIRF) & National Federation of Indian Railway (NFIR) men have been recognized by Ministry of Railways. All the Railway units of the unions related to these Federations have also been given recognition.

With a view to maintain contact with the labour to resolve disputes and differences between labour and management and to maintain healthy industrial relations the Railway Board have set up Machinery to have a periodical dialogue with both the recognized Federations which is called PNM.

The machinery functions in three tiers as under: -

i. The Railway Level or Zonal Level :-

At this level meeting between the recognized unions and administration are held at Divisional level/ workshop level and zonal level. The cases which are not decided at Divl. / workshop level are referred at zonal level. PNM meetings with each recognized union at Divl. Level is held once in two months, while at Head quarters level it is held once in a quarter.

ii. The Railway Board level :-

Matters connected with the revision of pay & allowances and other policy matters for bettering service conditions. Which are not decided at zonal level are taken up by the Federation for discussion at Board's level in this forum. PNM meeting at Board's level is held once in a quarter.

iii. The Tribunal level :-

Cases in which agreement is not reached between the Federation and the Railway Board and the matters are of sufficient importance are referred to an adhoc Railway Tribunal composed of representatives from the Railway Administration and Labour presided over by a neutral chairman.


Related Discussions:- What is permanent negotiating machinery

Determine the wacc, The capital structure of Wild West Inc. is as follows: ...

The capital structure of Wild West Inc. is as follows: -     Debts: $5,000,000 (face value) bonds with coupon rate at 8.00% and current price at par -      Preferred shares:

Grants are not necessarily recognized as revenue, Grants are not necessaril...

Grants are not necessarily recognized as revenue when they are awarded. Columbus City was awarded a state reimbursement grant of $150,000 to assist its adult literacy program. The

Which is not necessary in order for corporation to pay cash, Q. Which one o...

Q. Which one of the following is not necessary in order for a corporation to pay a cash dividend? a. Adequate cash b. Approval of stockholders c. Declaration of dividends by the bo

MAKING A PITCH, SAMPLES PITCH FOR AN ACCOUNTING ASSIGNMENTS

SAMPLES PITCH FOR AN ACCOUNTING ASSIGNMENTS

What about a foreign-based multinational corporation, Does a state have the...

Does a state have the authority to require a U.S.-based multinational corporation to compute its state taxable income on a worldwide combined reporting basis? What about a foreign-

Branch accounting, some lectures on branch accounting chapter of advance ac...

some lectures on branch accounting chapter of advance accounting or way how to do journal entries or way of branch accounting??i m totally unaware of this chapter and want to study

Evlaute expected value of sales volume, Q. Evlaute Expected value of sales ...

Q. Evlaute Expected value of sales volume? (17500 × 0·3) + (20000 × 0·6) + (22500 × 0·1) = 19500 units Expected NPV = (((19500 × 1·35) - 10000) × 3·605) - 50000 = $8852 W

Evaluate the value of non-controlling interest, The additional 20% purchase...

The additional 20% purchase by RBE results is enhancing in the controlling interest held in the subsidiary, DCA. No additional goodwill is calculated on the additional purchase as

Financial accounts, The following items are found in the trial balance of M...

The following items are found in the trial balance of M/s Sharada Enterprise on 31st December, 2000. 10 marks Summer 2013 Sundry Debtors Rs.160000 Bad Debts written off Rs 9000 Dis

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd