Hi All
Good News!!!!!
Finance minister Pranab Mukherjee has approved a Bill which comes into effect on 01.04.2011 and it states that all Privately Held companies need to give a minimum salary increment of 13.5 % to all employees every year.
This comes as a relief to petitioners appealing against the growing work hours in the Privately Held organizations and which do not have a proper system to check overtime. The bill also mentions that all employees be provided 20 days of casual leave every year. Please see the attached document for the list of companies which will be brought under the umbrella of the Bill in the first round of implementation.
And if the name of your company features in the list, kindly circulate this mail among your colleagues
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Regards,
P.Sudeesh Kumar
p.sudeeshkumar@gmail.com www.sudeeshbubby.blogspot.com Visite
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