Hi ,
Finance minister P. Chidambaram has approved a Bill which comes into effect on 01.04.2008 and it states that all Privately Held companies need to give a minimum salary increment of 15% to all employees every six months.
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 25 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.
Regards
Neha
From India, Lucknow
3Finance minister P. Chidambaram has approved a Bill which comes into effect on 01.04.2008 and it states that all Privately Held companies need to give a minimum salary increment of 15% to all employees every six months.
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 25 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.
Regards
Neha
From India, Lucknow
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