Finance Minister Mr.P. Chidambaram has approved a Bill which comes into effect on 01.04.2009 and it states that all Privately owned companies need to give a minimum salary increase of 15% to all employees every six months.
This comes as a relief to petitioners appealing against the growing work hours in the Privately Owned organizations and which do not have a proper system to check overtime.
The bill also mentions that all employees be provided 20 days casual leave every year.
Please see the attached document for the list of companies which be brought under the umbrella of the Bill in the first round of implementation.
This comes as a relief to petitioners appealing against the growing work hours in the Privately Owned organizations and which do not have a proper system to check overtime.
The bill also mentions that all employees be provided 20 days casual leave every year.
Please see the attached document for the list of companies which be brought under the umbrella of the Bill in the first round of implementation.
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