Insights on Salary Trends, Cultural Norms, and Apprenticeship Disparities in India

1. Mukesh Ambani, Chairman of Reliance Industries, has kept his annual salary capped at Rs. 15 crore for the 6th year in a row.

2. With a salary of Rs. 18.7 crore, the TCS CEO is the highest-paid IT executive in India.

3. Only 40% of Indian women between the ages of 25 and 54 work outside their homes, compared with almost 90% in China.

4. India has only 3 lakh apprentices, while Germany has 3 million, Japan has 10 million, and China has 20 million.

1. He is a promoter. Salary is secondary for him.

2. Incorrect - The new CEO of Infosys is the highest paid in India.

3. Our culture: Men don't want their spouse to work but manage the house.

4. No comment.

Pon

Dear Mr. Pon,

This is not my own idea. The matter was published in Times of India and Labour Law Reporter for the month of July 2014.

Thanks for your comment.

Regards,
Abubakkar

[QUOTE=mohamadabubakkar@yahoo.com;2162895]

4. That India only has 3 lakhs apprentices, while Germany has 3 million, Japan 10 million and China 20 million.

This is mainly due to:

Rigid laws in India where apprenticeship is narrowly defined. The number of apprentices that a factory can take is also calculated as per rigid norms.

Only those who are taken through the apprenticeship councils are treated as apprentices. Others are treated as "trainees" and not counted as apprentices.

India has a very low manufacturing base compared to these other countries.

Most employers are unwilling to take on apprentices as they are considered a burden.

More opportunities for training young students and liberalization of the apprentice act are needed.

Regards,
Raju

Raju,

Please wait for the proposed amendments in the Apprentices Act of 1961.

Varghese Mathew