The Economic Times: "Arthos helps its customers set realistic retirement goals" --> FREE Limited time offer:
News »Browse Articles »
IT companies free of labour laws for 2 years
0
IT companies free of labour laws for 2 years
1 Sep 2009 Bangalore:With IT firms buffeted by today’s turbulent times, the government has reached out a helping hand. Reciprocating their needs, it has exempted IT/ITES and software establishments from the provisions of Industrial Employment(Standing Orders) Act 1946 (Central Act 20 of 1946).
These laws are strict on classifying workers, their working hours and shifts, the wages payable, besides other archaic rules on leave and attendance.
Head of HR in Infosys Technologies said, “We have antiquated labour regulations, which do not fit the requirement of the knowledge-based industry. This reform is necessary. We do not want inspector raj here, what we want is more such reforms across industries.’’
Source:
http://economictimes.indiatimes.com/Infotech/ITeS/IT-companies-free-of-labour-la
These laws are strict on classifying workers, their working hours and shifts, the wages payable, besides other archaic rules on leave and attendance.
Head of HR in Infosys Technologies said, “We have antiquated labour regulations, which do not fit the requirement of the knowledge-based industry. This reform is necessary. We do not want inspector raj here, what we want is more such reforms across industries.’’
Source:
http://economictimes.indiatimes.com/Infotech/ITeS/IT-companies-free-of-labour-la
