Explanation : Creating good industrial relations and industrial peace will minimize the causes of industrial disputes. Statutory machinery should ensure that workers are protected and are held responsible for dispute resolution, and the promotion and maintenance of industrial harmony in India. Under the Industrial Disputes Act 194 7, many provisions have been made for creating machineries for the prevention and settlement of industrial disputes, such as Works Committee, Conciliation Officer, Board of Conciliation, Court of Inquiry, Labour Court,
Industrial Tribunal, National Tribunal, and Voluntary Arbitration.
According to the Industrial Acts, 1947, the Central Government is the appropriate Government for investigation and settlement of industrial disputes. An arbitrator may also be appointed from amongst the Presiding Officers of Labour Courts, Tribunals or National Tribunals. The Grievance Settlement Authority follows prescribed procedure and has to complete the proceedings within a specified time.