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

Rectification of errors, sale of 430 to ramdas were credited in his account...

sale of 430 to ramdas were credited in his account 340

Illustration of head office records-branches, Illustration of Head office r...

Illustration of Head office records In order to provide a check that branch managers and staff deal properly with goods and cash passing through their hands, goods are normally

Which depreciation method would produce the higher npv, Wendy is evaluating...

Wendy is evaluating a capital budgeting project that should last for 4 years. The project requires $ 800,000 of equipment. She is unsure what depreciation method to use in her anal

Characteristics of accounting information?, According to the FASB, the usef...

According to the FASB, the usefulness of accounting is judged by which of the following two qualitative characteristics of accounting information? Comparability and neutrality Unde

Investments under the trustee act-trust laws and accounts, Investments unde...

Investments under the Trustee Act The act defines the categories of investment as follows:         1. Fixed interest securities are: Securities which under their te

Calculate the net income, Jensen Company has the following situation: Sales...

Jensen Company has the following situation: Sales Price: $40 per unit Variable Cost Per Unit: $25 per unit Fixed Costs: $20,000 Units Sold: 4,000 Jensen is considering lowering the

Product costs and which are period costs, The costs that follow were extrac...

The costs that follow were extracted from the accounting records of various different manufacturers: 1.    Weekly wages of an equipment maintenance worker 2.    Marketing costs

Compute the future value - shorter compounding period, Compute the future v...

Compute the future value of Rs.5000 at the end of 6 years, whether nominal interest rate is 12 percent and the interest is allocated (payable) quarterly at frequency = 4 Soluti

How many full-time members are on the pcaob, How many full-time members are...

How many full-time members are on the Public Company Accounting Oversight Board (PCAOB)?

Accounting changes can affect the financial statement, Various types of acc...

Various types of accounting changes can affect the financial statements of a business enterprise differently. Assume that the following list describes changes that have a material

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