Economy

For the past 12-13 years, IT/ITES industry in the state has been exempted from a key labour law which is applicable to other industries. From coming April, this law - The Industrial Employment (Standing Orders) Act, 1946, aka IE Act - is supposed to be applicable for all IT companies in India. While the state Labour Department is waiting for IT/ITES companies to start implementing this, the industry is said to be actively lobbying for exemption. Pic: Wikimedia commons The crux of the IE Act is that each company will have to define its employment conditions in ‘Standing Orders' (SOs),…

Students of Indian Institute of Journalism & New Media are conducting an anonymous survey to analyse the income disparities among various groups across the country. In most countries around the world, women and men are paid differently for the same amount of work. Unfortunately India is a country that ranks really low when it comes to gender parity. Based on the Gender Gap Index 2011, India was ranked at 113 out of 135 countries. These figures tell a sad tale.Article 39(d) and 41 of the Indian Constitution state the principle for “equal pay for equal work” yet the gender pay…

Traditional or new age designs, the sari is celebrated as one of the most versatile garments, that suits every slender or sizable figure.The transformation in saree-designing has seen a rapid ‘renaissance' in the past decade, thanks to the innovative skills of gifted creators and designers. The ‘Desi Drape', a global fashion symbol today, is now available in a stylish array of designs and in an all new ‘ready to wear' mode! Many of the creators and leading designers are women entrepreneurs, working on making Bengaluru the new- age designer-saree capital of the South. Celebrity designer Sabyasachi Mukherjee's version of the…

For Vijay Bhaskar Reddy Dinnepu, the urge to give back to his roots was unrelenting. And that's what led to the founding of his initiative KisanRajaFRESH, that delivers fresh fruit, procured directly from farmers, to homes and offices. This, he feels, will help both the cultivator of the fruit and its end consumer - the consumer will pay less than he presently does and despite this, the farmer will earn more. Fresh fruit, straight from the farmer A chemical engineer with a post graduate degree in computer science from IIT Madras, Dinnepu embarked on this enterprise as a natural extension…

Manufacturing units (aka factories) come under the purview of various chapters and sections of the Factories Act, 1948 which provides detailed regulations concerning health, disposal of waste and effluents, lighting, drinking water, safety and other aspects relevant to working conditions. The legislation also governs working hours, rests, overtime for extra hours, the welfare officer et al. And the responsibility for compliance is on the ‘Occupier' who should be a director of the company and the factory manager.While the above provisions are grossly inadequate even for today's manufacturing industries, they barely cover the conditions prevailing in Information Technology (IT) and Information…

Till about a week ago, the answer to this would have been, "Only CTS-2010 Standard cheques will be valid after 31st Dec 2012". The Reserve Bank of India (RBI) has extended the date for banks and consumers to meet the standard to 31st March 2013, vide circular dated 14th Dec 2012.  What does this all mean? CTS = Cheque Truncation System The basis of CTS technology lies in the use of images of cheques (instead of the physical cheques) for payment processing. So cheques will not physically travel to the originating bank for clearance, but instead, scanned images will be transmitted. This will also eliminate the concept of…

In order to develop sports activities in Bengaluru and around the country, more and more sports management companies are engaging directly with schools.Attribute it to the lack of playground or lack of space in the schools or sports in itself being not inclusive, various schools have employed a cluster of companies like Edusports, Leap Start, Khel Point and Sports Mentor to kickstart sporting activities. These companies primarily provide sports coaches and train in various sports to students. Pic courtesy:edusports.in Bengaluru-headquartered Edusports which started in 2009, feels that the kids around the country are not playing up because the sports is…

If ‘reforms' is the buzz word, then electoral reforms should be on top of the list, and the funding of political parties foremost among them. Currently there is a lack of transparency in how political parties and candidates solicit, collect and disburse funds. These issues were highlighted in a widely distributed report released by two NGOs, National Election Watch and Association for Democratic Reforms, published this September.Legally, the activity of fund-raising, expensing, accounting and reporting of funds collected by political parties fall under the ambit of various acts including the Representation of the People Act, 1951; The Foreign Contribution (Regulation)…

Inderjeet Singh Arora, a 26-year-old IT professional recently inquired about purchasing a washing machine in one of the large format retail showrooms in Bangalore. The sales executive showed him various washing machines; from semi automatics to fully automatics. Even though he had multiple choices, Inderjeet couldn't pick the best one suitable to his needs. Many of us get stuck in similar situations. Our lifestyle needs, water and power consumption, noise generated from the machine, installation area required, frequency of usage, quantity of clothes and etc. are the major factors to buy a washing machine. Often, buying decisions are driven by…

It is six months since I relocated to India from the US. I work in the IT sector for a reputed multinational firm (name withheld) in Bangalore. From outside, there is little difference between workplaces in US and India. After all, what does it take to have an IT set up - a floor divided into cubes, each cube having a four-legged desk with one or two big monitors, a keyboard, mouse and a nice ergonomic chair. Walls decorated with bright colours with inspiring quotes, conference rooms with big wooden tables and VOIP facility, a pantry area with coffee, soda…