...Product & Country Choice We decided to open a resort in India specifically in Munnar which is located in Kerala “a state in the south-west region of India on the Malabar coast” , the number of tourists into Kerala had been increasing because of its beautiful landscapes which enjoyed by many people specially people from Middle East who don’t have these kinds of landscapes in their countries. We choose to called the resort “Kalyana’ as a result of making a business in India and it is an Indian word which means “comfort, blessed and beautiful” Reason for choosing this service is that city of Munnar is located in a beautiful mountain area where thousands of tourists come there every year to spend their holidays. There are not much resorts in that area and only one five star resort which is not enough to meet the guests need and don’t have all facilities to satisfy them and from my partner Halima’s personal experience. She saw that resorts over there have small dirty rooms and contain old stuff which is not comfortable for guests and cause them to look for other resorts in the down city to stay. So our resort will offer a various kind of services to serve our guests with fully functional facilities that they could not find in any other resorts. Political & Legal When a company starts its business internationally it should take into consideration the political and the legal situation of the country it will operate in, such as government political of that country, labor...
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...During the time period of 1880-1930 the world had quite recently seen an expansive increment in the work power, however individuals were still struggling to support their families. This is why numerous farming workers began to end up textile workers. The vast majority of the specialists in Japan and India were enlisted from the workers and agrarian workers of the towns. Individuals generally would seek out employment and worked keeping in mind the end goal to accommodate their families. In Japan there was significantly more women than men laborers which meant that the women were the ones that went out and worked to support their families. In India however almost all of the workers were men so they had to support their family. When the Industrial...
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...Impact of Trade Liberalization on Gender Wage Differentials in India’s Manufacturing Sector* Nidhiya Menon, Brandeis University Yana van der Meulen Rodgers, Rutgers University April 2007 Abstract: As trade liberalization in India has unleashed a new wave of competitive forces in the economy since 1991, firms have faced growing pressure to cut costs in order to continue production. This study addresses the question of whether the increasing competitive forces from India’s trade liberalization affected the wages of male and female workers differently. Neoclassical theory implies that costly discrimination against female workers should diminish over time with increased competition (Becker 1971). We incorporate this idea into a theoretical model of competition and industry concentration in which the net impact of international trade on the gender wage gap could be positive or negative depending on the initial size of Becker’s discrimination coefficient. Our study tests the theoretical model using repeated cross sections of India’s NSSO household survey data merged with trade and production data from 1983 to 2004. We employ OLS and Fixed Effects techniques at the industry level to estimate the relationship between the male-female residual wage gap and measures of domestic concentration and international trade competition. Results indicate that increasing openness to trade is associated with a widening in the wage gap in India’s concentrated manufacturing...
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...Is Inflation in India Structural or Monetary? What are the causes? Group 14, Section 4 NAME | FT No. | Abilash.M | FT 144118 | Arpit Srivastava | FT 144103 | Hitesh Baheti | FT 144109 | Neha Aggarwal | FT 144108 | Nitesh Awasthi | FT 14498 | Phani Panthangi | FT 144104 | Rahul Sachdeva | FT 144105 | Ruchismita Sahu | FT 144100 | Sai Srikanth | FT 14499 | Sreehari Govind | FT 144106 | Group 14 Section 4 Is inflation in India Structural or Monetary? What are the causes? | What is inflation? Inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy. Such inflation is part of a particular economic system, so that a complete change in economic policy would be needed to get rid of it. Structural Inflation Inflation that occurs because of high commodity price, fuel price hike, change in economic structure as happened in India from Agricultural Structure to Industrialization Structure. Monetary inflation It is a sustained increase in the money supply of a country. It usually results in price inflation, which is a rise in the general level of prices of goods and services. It usually results from government regulation, monetary...
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...applicable to one another. Landslide Limousine Corporation is headquartered in Austin, Texas. It is a small-size American company owned by sole proprietor Bradley Stonefield. Landslide Limousine is a service provider of first-class luxury transportation. Landslide Limo’s strategic plan is to grow its labor force by 25 employees within a twelve month time frame. Much like the medium sized Clapton Commercial Construction, a Michigan based company looking to expand its business to Arizona and increase its current 650 workforce by 20% both companies will be required to adhere to laws that govern the Fair Labor Standards Act. The Fair Labor Standards Act (FSLA) protects employees against three employment related mandates compromised of minimum wage overtime, child labor and equal pay for men and women. The mandates outlined in the FSLA apply to employers regardless of company size and number of employees. Both organization are US based companies so employment laws are synonymous each must comply with the Child Labor Act that mandates employers abide by legal restrictions of employing those under the age 18. The act affords protection to underage employees in terms...
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...Economic Environment Management PROJECT Impact of the “Right to work programme” in India SUBMITTED BY – Yash Jhaveri IIM Kozhikode Batch: EPGP04: Date of Submission: 27th January 2013 Contents INTRODUCTION : Right to Work In INDIA .......................................................................................... 3 What is NREGA / MGNREGA .............................................................................................................. 3 WHAT ARE THE GENERAL BENEFITS RTW / MGNREGA ..................................................................... 4 HOW IS THE PROGRAM FINANCED? .................................................................................................. 4 Financing pattern ............................................................................................................................... 4 Release of funds ................................................................................................................................. 4 Comparison : RTW/MGNREGA Vs other government based employment schemes ........................ 5 Impact of RIGHT TO WORK / MGNREGA ........................................................................................... 5 Increase in GDP .................................................................................................................................. 5 Effect on Inflation ..............................................................................................
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...Allen Consulting) for recommendations specifically for pay and benefits strategies. A few of the items Jason wants Traci to keep in mind are first, Bollman Hotels wants to be comparable to other international chains. Second, the expansion to India is new so the pay and benefits strategies must work well there. Third, Bollman Hotels plans to add 20% to their current workforce. Lastly, the annual net revenue is $100 million with an expected 15% growth after the first year. To be comparable to other international hotel chains, Bollman Hotels must know the standard pay and standard benefits offered to U.S. citizens working abroad and the pay and benefits offered to local, national employees in those countries. The expansion to India is preferred due to India being the world’s preferred outsourcing destination. “Companies are able to stay ahead of the competition, control cost, increase quality and reduce time to market. India is one of the ten fastest growing economies in the world. In a recent survey conducted in the US, 82% of US-based companies have voted for India as their first and most preferred choice." (Outsource2India, 2014). The addition of 5,000 employees is a positive gesture between Bollman Hotels and the local economy of India. Not only does that boost the local economy, it also gets the Bollman Hotel name out as possibly a new and great franchise to work for that takes pride in and supports its employees. The annual revenue of $100 million is the current benchmark...
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...in which workers find paying work, employers find willing workers, and wage rates are determined. Labour markets may be local or national (even international) in their scope and are made up of smaller, interacting labour markets for different qualifications, skills, and geographical locations. They depend on exchange of information between employers and job seekers about wage rates, conditions of employment, level of competition, and job location. MRF Madras Rubber Factory, popularly known as MRF, is a major tyre manufacturing company located in Chennai, Tamil Nadu, India. The name was later changed as "Manorama Rubber Factory". MRF is mainly involved in making vehicle tyres. It is India's largest tyre manufacturing company, and among the dozen largest worldwide. It exports to more than 65 countries.MRF is the sister concern of the leading malayalam daily "Malayala Manorama".The founder of the MRF, Mr.K.M.Mammen Mappilai was the brother of late Mr.K.M.Mathew, ex-chief editor of "Malayala Manorama" Natural rubber is produced primarily in three countries: * Thailand * Malaysia * Indonesia A leader in the category MRF holds the No.1 position for the last 21 years. Established as toy-balloon manufacturing company in 1946 by KM Mammen Mappillai, MRF quickly emerged as the leading maker of tread rubber. Since then, the company hasn't looked back. The fact that it is the first tyre company in India to reach a turnover of 5000 Crores is testament to its dominance of the...
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...Report on Expectations of Foreign Investors in terms of Labor Laws India, like other countries worldwide, is experiencing the effects of globalization. In order to make conditions friendlier for investors, there is a need for adaptability. Labor legislation, such as the Indian Disputes Act and Contract Labor (Regulation and Abolition) Act, are now under debate, along with issues concerning special economic zones. Submitted by: Introduction There has been a steady expansion of foreign investment in recent decades. The upward trend is particularly strong for less developed countries, signifying the increased importance for these countries of FDI, as well as the increased presence of multinational firms. Alongside the expansion of FDI have risen concerns regarding competition between countries or regions to attract FDI. After adopting new economic policy by government of India in July 1991 many foreign investors came in the Indian economic scene because the government of India gave many incentives to the foreign investors. So it is clear that government opened the doors of Indian market to foreign investors. With more companies operating internationally, the impact on various business functions and labour laws in India is becoming more pronounced. Globalization, and the need to attract foreign...
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...At first, the ruling Mughal Dynasty in India was able to keep the traders under close scrutiny. Beginning around 1707, however, the dynasty collapsed into dozens of small states. In 1757, the East India Company defeated Indian troops at the Battle of Plassey. The East India Company became the foremost power in India, and India became the "crown jewel of the British Empire." In 1857, Indian soldiers (called sepoys) came to believe that the cartridges of their rifles were greased with pork and beef fat. This was important because to use the cartridges, the user had to bite off the ends. This was a religious concern for Hindu and Muslim sepoys, who were forbidden to eat these meats. This led to the Sepoy Mutiny when 85 soldiers refused to use the cartridges. The soldiers...
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...School of Business Foundation, The University of Western Ontario, London, Ontario, Canada, N6A 3K7; phone (519) 661-3208; fax (519) 661-3882; e-mail cases@ivey.uwo.ca. Copyright © 2012, Richard Ivey School of Business Foundation Version: 2012-01-26 “All our efforts, exercises and future projections, so far, have come to not. We have to think it all over again. This new wage demand is a coup de grace for the corporation. I do not intend to preside over its demise.” - Rajgopal Raj Gopal (Rajgopal), IAS, 1 the vice-chairman and managing director of Gujarat State Road Transport Corporation 2 (GSRTC), was leaving the Sachivalaya 3 at Gandhinagar. In a rare display of solidarity, all of the registered trade unions (TU) of GSRTC gave a call for strike on August 23, 2010. For about two years, the unions were demanding wages as per the 6th Pay Commission, 4 implemented by the Government of India in 2006. The recommendations of the commission were subsequently adopted by all state governments and the majority of state-owned enterprises. Time-consuming wage negotiations began between the management and...
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...of developed countries when companies shift work to lower wage countries? The main reason companies shift work to lower wage countries is to reduce operating costs. Low labour, production, and energy costs in countries such as China, Japan, India, and Mexico is causing companies to shut their factories within the United States and open new factories in those foreign countries. This leads to the loss of jobs within the United States, a lower standard of quality, and resentment by those who are living within the United seeing more and more of their jobs going overseas. In 1994, NAFTA (North American Free Trade Agreement) was passed by then President Bill Clinton. His goal was to open the trade routes to all countries. Unfortunately, it led to many plants moving across the borders to Canada and Mexico. While outsourcing had begun in the 1980s, it grew by leaps and bounds in the latter part of the 1990s. Jobs went overseas to China, Japan, and India and the economy began to falter as American's lost their jobs and suddenly faced living on minimum wage as higher paying jobs went to these other countries. By looking at the average annual salaries in these other countries, it is easy to understand why companies find it appealing to outsource their business. Especially in China where the average yearly salary is significantly lower than their American and European counterparts. • China - $1,290 • India - $14,500 • Japan - $17,000 to $50,000 (this depends...
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...injured 100 managers, including two Japanese expatriates. The violent mob also injured 9 policemen. The company's General Manager of Human Resources, Awanish Kumar Dev had both arms and legs broken by his attackers, unable to leave the building that was set ablaze, and was charred to death. The incident is the worst-ever for Suzuki since the company began operations in India in 1983. Since April 2012, the Manesar union had demanded a five-fold increase in basic salary, a monthly conveyance allowance of 10,000, a laundry allowance of 3,000, a gift with every new car launch, and a house for every worker who wants one or cheaper home loans for those who want to build their own houses. In addition to this compensation and normal weekend/holidays, the union demanded the current 4 paid weeks of vacation be increased to 7 weeks, plus each worker have 40 days allowance of sick and casual leave - for a total of 75 days. Initial reports claimed wage dispute and a union spokesman alleged the incident may be caste-related. These claims were however denied by the company and the police. Maruti said the unrest began, not over wage discussions, but after the workers' union demanded the reinstatement of a worker who had been suspended for beating a...
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...playing Wipro against other Indian companies, GE provided pressures to which Wipro had to respond by increasing efficiency and improving quality *it provided credibility (brand cachet, brand name, good will) for Wipro to work with other multinationals (after all, people tend to know GE, and not Wipro, in the beginning) If India’s information technology companies continue to prosper, over time what do you think will happen to the income differential between software programmers in the United States and India? (3 points) What are the implications for the American economy? (2 points) *If India’s IT companies prosper, and demand continues to increase, wage rates will equalize between the U.S. and India because given the population differentials, it is likely that new U.S. programmers will be paid less that formerly. Moreover, as demand for Indian engineers grow, assuming insufficient supply of skilled Indian engineers, the price (wage) of such engineers will rise. *[If …,] wages will still not equalize because it is...
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...factors. E.g… wage settlements. Labour market situation. Company’s nature and size. etc. Pay structure consists of certain grades. Scale and range of pay in each scale. Each scale has aminimun and a maximum limit. Jobs places within a particular grade carry the same value though the actual pay in a grade depends upon length of service and or performance of the employee. Pay structure in India generally consists of the following components. 1- Basic wage/salary 2-Dearness allowance (D.A.) and other allowances. 3- Bonus and other incentives. 4- fringe benefits or perquisites. Hard variables • Salary • Augmented pay- overtime, extra pay, one time stuff • Indirect pay –things needed for work, uniform allowance, etc. • Parks pay – discount on company’s products, etc. Soft variables • Opportunity for advancement • Opportunity for growth • Psychic income – doing personally meaningful work • Quality of life – workplace flexibility, work-life balance • The X-factor- special individual variables like bringing a dog to work. 1. Basic Wage The basic wage provides the foundation of pay pocket. It is a price for services renderd. It varies according to mental and physical requirements of the job as measured through job evaluation. In India, basic wage has been influences by statutory minimum wage, wage settlements, and awards of wage boards tribunals pay commissions, etc. (a) Minimum wage- Minimum wage is that wage which is sufficient...
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