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Core Purpose

The Central Government declares services engaged in the Banking industry as a public utility service for a further period of six months with effect from June 15, 2025, under the Industrial Disputes Act, 1947.

Detailed Summary

The Ministry of Labour and Employment, through notification S.O. 2519(E) dated June 9, 2025, declares the services engaged in the Banking industry to be a public utility service for a further period of six months, effective from June 15, 2025. This declaration is made by the Central Government in exercise of powers conferred by the proviso to sub-clause (vi) of clause (n) of section 2 of the Industrial Disputes Act, 1947 (14 of 1947). The Central Government is satisfied that public interest requires this extension. Previously, the banking industry, which is covered under item 2 of the First Schedule to the Industrial Disputes Act, 1947, was declared a public utility service for six months starting December 15, 2024, via notification S.O. 5362(E) dated December 11, 2024, issued by the Government of India in the Ministry of Labour and Employment.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-09062025-263685 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 2459] NEW DELHI, MONDAY, JUNE 9, 2025/JYAISTHA 19, 1947 3724 GI/2025 MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 9th June, 2025 S.O. 2519(E).—WHEREAS the Central Government is satisfied that the public interest so requires that the services engaged in the Banking industry, which is covered under item 2 of the First Schedule to the Industrial Disputes Act, 1947 (14 of 1947), to be a public utility service for the purposes of the said Act; AND WHEREAS, the Central Government has declared the said industry to be public utility service for the purposes of the said Act for a period of six months with effect from the 15th December, 2024 vide notification of the Government of India in the Ministry of Labour and Employment number S.O. 5362(E), dated the 11th December, 2024; AND WHEREAS, the Central Government is of the opinion that public interest requires the extension of the public utility service status to the said industry for a further period of six months; NOW, THEREFORE, in exercise of the powers conferred by the proviso to sub-clause (vi) of clause (n) of section 2 of the Industrial Disputes Act, 1947 (14 of 1947), the Central Government hereby declares the services engaged in the Banking industry to be a public utility service for the purposes of the said Act for a further period of six months with effect from the 15th June, 2025. [F. No. S-11017/05/97-IR(PL)] AJOY SHARMA, Jt. Secy.

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