Union Finance minister of India
has approved a Bill which comes into effect on 01.04.2013 and it states that all Public & Privately Held companies need to give a minimum salary
increment of 12% to all employees every year.
This comes as a relief to petitioners appealing against the growing work hours in the Public & Privately Held organizations and which do not have a proper system to check overtime.
The bill also mentions that all employees be provided 10 days of casual leaves 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 (Organization) features in the list, kindly circulate this mail among your colleagues.
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