The Government has been working to facilitate the conduct of
business in the country, thereby permitting a rapid boost to the
Indian economy. Attributable to multiple factors such availability
of multiple resources, friendly regulatory mechanism, easy
availability of labour, has contributed towards the growth of the
industrial sector. Numerous efforts made by the employees of the
business corporates have accelerated the pace of development in the
nation.
Labour welfare
The Legislature provides an exhaustive framework in order to
ensure that the sweat and hardwork put in by the employees is
adequately compensated. Other than the basic remuneration, labour
laws of India provide certain perks of employment including payment
of bonus, gratuity, medical facilities, transport allowance,
maternity benefits, etc. One of such benefits is the provision of
the provident fund whereby an employee has to pay a certain
percentage from his pay and an equal amount is contributed
