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of <h1>Banking Industry Remains a Public Utility Service Under Industrial Disputes Act, 1947, Extended for Six More Months</h1> The Central Government has extended the designation of the banking industry as a Public Utility Service under the Industrial Disputes Act, 1947, for an additional six months starting from October 17, 2008. This decision, initially declared on April 17, 2008, is made in the interest of public necessity and involves the exercise of powers under the specified provisions of the Act. The extension ensures the continued application of specific legal protections and obligations to the industry, aiming to maintain essential services and prevent disruptions.
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