Bill which states that all Privately Held Companies need to give a minimum salary increment of 25% to all employees every year.

Dear All,



There is a good news for your friends/relatives working in private
companies in India.

It is understood that Union Finance Minister Pranab Mukherjee has
approved a Bill which comes into effect on 01.04.2012 and it states
that all Privately Held Companies need to give a minimum salary
increment of 25% 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 their company features in the list, kindly
congratulate them & circulate this mail amongst your colleagues.

Warm Regards,

Rajesh Agarwal