"Make in India" is a welcome slogan provided..........
“You have to pay a deposit of Rs. 1000/- and sign a fidelity guarantee Insurance for joining the bank as a cashier” was a condition to join the nationalized bank as a cashier. The amount of Rs.1000/- was fixed when the salary of clerks was around Rs.350/- p.m. The amount continued to remain the same though the salary was increased manifold. Similarly there is also financial reward of Rs. 5000/- which was fixed by the government when the salary was less than thousand and continued to remain so. As a Management Consultant while I could suggest changes in such archaic rules, the Law that still continues beyond my control baffles me. Professional Tax ( only in some states), Labor welfare fund (Rs.7/- per year per employee even today in Tamil Nadu and Rs.3/- for six months or so in some other state) the Shops and Establishment Act that comes for implementation in bits and pieces by whims and fancies of some officials and many more. All these acts and rules prescr...