Appropriate Governing Body for ICICI Bank Contract Laborers
The Central Government is the appropriate government for ICICI Bank and its contract laborers if the issue arises at ICICI Bank under the ID Act, CL (R & A) Act, and PB Act. Only under the MW Act is the state government the appropriate government for contract laborers. However, in practice, all cases related to contract laborers of all banks, except co-op banks, are handled by the Labor Department of the Central Government. This is because the rate of wages of the Central Government is higher than that of the state government. Workers, unions, and management are comfortable with the Central Government despite the fact that the state government is the appropriate government under the MW Act only.