LONG TERM WAGE SETTLEMENTS WITH TRADE UNIONS Goal has been not just to overcome INDUSTRIAL RELATIONS•Industrial relations has become one of the most delicate and complex problems of modern industrial society. Industrial progress is impossible without cooperation of labors and harmonious relationships OBJECTIVES OF INDUSTRIALREATIONS Enhance the economic position of the worker •Minimize conflicts and to the extent possible, avoid conflicts and their negative consequences •Allow workers to have a say in important decisions affecting their lives •Resolve conflicting issues through consultation and negotiation •Encourage and develop trade unions in order to improve the workers' collective strength •Pave the way for industrial democracy. 
LABOUR LAWS, INDUSTRIAL RELATIONS & WAGE SETTELMENTS•After the first world war conditions changed the experience of 1st World war & the Russian Revolution 1917 influenced, the discontent among Indian working class and political unrest in the country, at this juncture the trade unions appeared on the Indian scene which deepened and widened labour Management conflicts •The establishment of the ILO in 1919 of which India was a member since its inception also gave great stimulus to enact labour laws and another event was the formation of AITUC in 1920. as result of all the above developments after 1920 labours laws took great strides in India. • •Thereafter the new factories Act & Mines Act were passed in 1922 & 1923 to improve working conditions. Subsequently many new important labour laws are enacted which are :- 1) The Workmen Compensation Act 1923, The Indian Merchant Shipping A ct 1923, The Trade Unions Act 1926, and the Trade Dispute Act 1929. •Many more Acts enacted and few were thoroughly amended again which are The Factories Act 1934, The Trade Disputes (Amended) Act 1934, 1938,.
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