ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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MADHYA PRADESH-New Chief Minister

year (1976-1977) under review, the Directors have recommended a higher dividend on Equity Shares'. A most useful device to legitimise the denial of workers' right to their due share of profits is the so-called individual internal audit. Thus, even within kesoram, workmen of Spun Pipe, Cement and Rayon nulls have been granted 20 per cent bonus while workmen of the Textile plant have been offered the minimum 8,33 per cent on the basis of the poor results of the latter unit revealed by 'internal audit. The Birlas have followed the same principle in Birla lute which has four units: the workmen of Carbide and Cement plants have been paid at the rate of 20 per cent while the Jute workers have been denied that amount under the same plea advocated in Kesoram. Even the government managed Andrew Yule has followed the same practice; while the engineering division declared bonus at the rate of 20 per cent, the factory and head office at Kalyani offered the workmen just 8.33 per cent bonus. The tacties of company managements are quite simple, through the device of 'internal audit, the smaller units of a company, involving a smaller workforce, are shown as having performed better and workmen of larger units under the same company are deprived of their due share of bonus.

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