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Appointment letters to be made mandatory soon -Somesh Jha

-The Hindu Centre may fix a format which would include details such as designation. The Centre will soon make it mandatory for companies with more than ten workers to give appointment letters to Employees at the time of joining — a move that would benefit millions of workers in the informal sector. An absence of legislation on the issue makes it difficult for workers, including those who are employed informally or via contractors...

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Karnataka mulls higher tax for second car -Manu Aiyappa

-The Times of India Bengaluru: To reduce the growing traffic congestion and pollution in the city, the Karnataka government is toying with the idea of hiking the vehicle registration fee and other charges for those who want to own more than one four-wheeler. "We're working on this plan... Higher tax on the second vehicle would discourage citizens from owning too many vehicles, and also raise additional revenue for the government. Before we...

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Does good monsoon mean big consumption boost? -Mayank Mishra

-Business Standard FY10 was a drought year with a monsoon rainfall deficiency of 22 per cent of the 50-year average, resulting in a seven per cent dip in the total foodgrains production. But, that did not dampen the consumer sentiment as the auto sector grew by 26 per cent, fast-moving consumer goods (FMCG) 25 per cent and the consumer durables sector by 21 per cent. The momentum continued the following year,...

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Safety concerns: Inside India’s mines, a worker dies every 10 days -Anil Sasi

-The Indian Express Mining has the distinction of being the most dangerous profession in India. Industry insiders concede that official numbers could be much lower than the actual deaths that take place deep inside the mines. Progressive improvements in the safety standard of India’s coal mines notwithstanding, every ten days last year there was a mining fatality in the country. And every third day last year, on an average, there was...

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Job growth at a snail’s pace -Santosh Mehrotra

-The Hindu For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991 There will be no demographic dividend without growth in industrial and service sector jobs. The underlying logic behind a dividend is that as jobs grow, incomes rise and so do savings. Based on higher savings, the investment rate to GDP grows, resulting in faster GDP...

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