India’s Top PSUs 2019

41 their female employees. Companies also have grievance management systems wherein employees can voice their grievances for proper redressal. Many PSUs also provide financial aid to undertake higher education or professional training. In essence, companies have initiated a number of activities and schemes to ensure a proper work-life balance for their employees. Labour Gains Labour laws in India are being reformed to pave way for a broader legislative framework to secure ‘just and humane conditions of work’ for workers. Code of Wages, 2019 • Code to consolidate and amend laws pertaining towages, bonus and equal remuneration. • A tripartite committee comprising representatives of trade unions, employers and state government to fix a floor wage for workers throughout the country. • Addresses issues like delays in payment of wages and discrimination between male, female and transgenders. The Occupational Health, Safety & Working Conditions Bill • Seeks to consolidate existing 13 laws pertaining to factories, mines dock workers, building & construction workers, plantation labour, contract labour, inter-state migrant workmen, motor transport workers, sales promotion employees, beedi and cigar workers, and cinema theatre worers. • It empowers the government to constitute Safety Committee in an establishment or a class of establishments. • Stipulates a ‘common license’ for factory, contract labour, beedi and cigar establishments, and a single pan-India license for 5 years for contract labour. Sr No Companies with notable Employee Initiatives (including Skill Development) 1 Bank of Baroda 2 Bank of India 3 Bharat Coking Coal Limited 4 Bharat Dynamics Limited 5 Bharat Electronics Limited 6 Bharat Petroleum Corporation Limited 7 Canara Bank 8 Coal India Limited 9 Cochin Shipyard Limited 10 Container Corporation of India Limited 11 Corporation Bank 12 Garden Reach Shipbuilders & Engineers Limited 13 Hindustan Copper Limited 14 Hindustan Petroleum Corporation Limited Sr No Companies with notable Employee Initiatives (including Skill Development) 15 Indian Oil Corporation Limited 16 Mahanadi Coalfields Limited 17 Mangalore Refinery and Petrochemicals Limited 18 National Fertilizers Limited 19 NMDC Limited 20 Northern Coalfields Limited 21 NTPC Limited 22 Oil and Natural Gas Corporation Limited 23 Power System Operation Corporation Limited 24 Rashtriya Ispat Nigam Limited 25 South Eastern Coalfields Limited 26 State Bank of India 27 Western Coalfields Limited