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SEPTEMBER - 2019
smart move, the entrepreneur changed its send the economy into a spiral.
business model and moved into newer
areas which ended up helping it to cope According to Sri M.M. Giri, Immediate
with the slowdown. Past President, PIA, there are dark days
ahead and no symptoms to suggest that
Forced to cut jobs things will get better.
With production hit by the slowdown, A c c o r d i n g t o m a n a g e m e n t
many companies in Peenya industrial area representatives, they are finding it difficult
are faced with no alternative than to slash to cope with the slowdown that is affecting
jobs to cope with the slowdown. interest payments and cash flows.
From a shortage of labour, the slowdown is Representatives from the textile sector
now pushing companies to reduce over- also stated that the sector's inability to
time requirements as well as giving innovate and keep up with ever-changing
weekend's offs
fashion has also resulted in losing out
Dwelling on this aspect of forced job orders and businesses.
losses, Smt. Latha Girish, Past President,
PIA described the prevailing conditions as Peenya Industrial Complex is Bengaluru's
pathetic and estimated job losses to the jewel with more than 5 lakh people being
tune of 50% since the beginning of the year employed in over 8000 MSMEs and pays
in Peenya Industrial Area, spread over 40 approximately Rs 2,400 crores in taxes.
square miles and home to many labour- But today, due to the economic slowdown,
intensive manufacturing units including the companies are experiencing a 20-25
auto components, textile, machine tools, per cent dip in their businesses across
engineering and packaging solutions, industries.
among others.
The solution, possibly, could arise out of
The slowdown in automobile sales and the very alarming nature of the crisis.
plummeting investor confidence, among Peenya Industrial Area can be said to be
other factors, have forced the Government “too big to fail”. One only hopes that the
to roll back measures announced in the Government is listening. For the truth is
Budget to arrest problems that threaten to blowing in the wind...
Equal Pay for Equal Work for Casual Workers
The Ministry of Personnel, Dept of - In cases where the work done by a casual
Personnel & Training, GOI vide OM worker is different from the work done by
No. 4014/1/2017-Estt (C)-PF dated a regular employee, the casual worker may
04.09.2019 on equal pay for equal work be paid only the minimum wages notified
for Casual Workers has reiterated by the Ministry of Labour & Employment
compliance with earlier instructions and o r t h e S t a t e G o v e r n m e n t / U T
Court judgements thereon. Referring to its administration, whichever is higher, as
earlier OM dated 07.06.1988, it has inter per the Minimum Wages Act 1948.
alia reiterated that:
- Persons on daily wages (casual workers)
- Where the nature of work entrusted to the should not be recruited for work of regular
casual workers and regular employees is nature.
the same, the casual workers may be paid
at the rate of 1/30th of the pay at the PIA requests all the Member-units to
minimum of the relevant pay scale plus take note of the above, to avoid future
dearness allowance for work of 8 hours a complications.
day.
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