Companies that are able to pay employees deserving benefits should be made to pay strictly. It is found, in our study, some companies with enough capacity refuse to pay even a rupee, set aside what they deserve, even in the case of those who superannuates after many years of service. Let not this ruthless action be a kind of ease of doing business. Mr. Babu had been working for 28 years with Mumbai based business group which is engaged in the media and entertainment business before superannuating in July last year. Over the years he was rolled through eight of the group companies, indeed for promoters' strategy of jumping the labor rules that most of the mid-sized company promoters habitually do. They want to avoid time-to-time liabilities on employees under the applicab...
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Reckless practice The structural reforms filter the fraudulent elements, instead of giving them new opportunities for growth. If a business is not built on a professional framework, not complying with rules of the land and adhering to ethics, it cannot survive structural changes. For collapse of such companies the responsibilities vest with the promoters themselves. Nevertheless, structural reforms on a strong IT architecture implemented by the present government plugged the leakages, which were obviously unacceptable to "business" miscreants. They had their inevitable fall, yet with a calibrated space for revival, but in strictly disciplined ways. Only corrupt and crooked individuals could build their fortune from the corruption, nepotism, crony capitalism and open secrets of unc...
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