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Employment contract. An employment contract or contract of employment is a kind of contract used in labour law to attribute rights and responsibilities between parties to a bargain. The contract is between an "employee" and an "employer". It has arisen out of the old master-servant law, used before the 20th century.
A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves consent [ 1] to transfer of goods, services, money, or promise to transfer any of those at a future date. The activities and intentions of the parties entering into a contract may be ...
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. [1]
The Indian Contract Act, 1872[ 1] prescribes the law relating to contracts in India and is the key act regulating Indian contract law. The Act is based on the principles of English Common Law. It is applicable to all the states of India. It determines the circumstances in which promises made by the parties to a contract shall be legally binding.
Labour in India refers to employment in the economy of India. In 2020, there were around 476.67 million workers in India, the second largest after China. [ 1 ] Out of which, agriculture industry consist of 41.19%, industry sector consist of 26.18% and service sector consist 32.33% of total labour force. [ 1 ]
The Ministry of Labour & Employment is one of the oldest and most important Ministries of the Government of India. This is an India's federal ministry which is responsible for enforcement of labour laws in general and legislations related to a worker's social security. [ 2] The Ministry aims to create a healthy work environment for higher ...
Of India, to provide quality medicines at affordable prices to the masses. [79] [80] Deendayal Antyodaya Yojana: CSS MoRD: 2015: Skill Development Started as Aajeevika - National Rural Livelihoods Mission (NRLM) in 2011. [81] Self-employment programme to raise the income-generation capacity of target groups among the poor.
With an estimated 1,428,627,663 residents in 2023, India is the world's most populous country. [ 14] 1,210,193,422 residents were reported in the 2011 provisional census report. [ 360] Its population grew by 17.64% from 2001 to 2011, [ 361] compared to 21.54% growth in the previous decade (1991–2001). [ 361]
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