National Commission on Labour (1967)||
23.11 As has been mentioned, the present machinery for the settlement of industrial disputes comprises: (i) conciliation, (ii) arbitration and (iii) adjudication machinery—tribunals, industrial courts, etc. We propose to discuss in what follows the salient features of some of these existing arrangements for the settlement of industrial disputes and assess their working during the last twenty years with a view to evolving recommendations for the future. The topics we have chosen for discussion are (i) collective agreements; (ii) conciliation; (iii) voluntary arbitration; and (iv) adjudication. The relative merits and demerits of adjudication and collective bargaining as also issues connected with the right, to strike/lockout form part of the discussion.