Coverage of Workers Engaged by the Outside Agencies / Job Contractors in Connection with the Work of the Principal Employer Outside the Premises – Regarding.

Cash Management Techniques And Methods Of Short-Term Financing
Introduction
Proper cash management and efficient short-term financing are both important and beneficial to a company in order to maintain a competitive market share, which will increase profit potential and shareholder value through rising stock.   Cash management can be used to lower or eliminate idle cash balances that do not earn revenue, using the freed up cash as sources for short-term financing through interest building securities.   Short-term financing allows a company to secure needed funds in order to meet production needs and gain maximum profitability.  
The first part of this paper will compare and contrast the techniques of cash management that are available to a financial manager and his/her company.   Cash management techniques include collection/disbursement float, Electronic Funds Transfer, international cash management, and marketable securities.   The second part of this paper will compare and contrast the methods ofSir,
A reference is invited to Hqrs.’ Office letter No.P-12/11/51/9/2000-Rev.II dated 26.08.2005 on the above subject.   Attention of the Regional Directors /Joint Directors I/c of Sub-Regional Offices is also invited to Hqrs.’ Office letter of even No. dated 17.08.2006 wherein the recommendations of the Committee of Senior Officers on the same subject were communicated.   In these instructions, the supervision aspect by the Principal Employer or by his agent on outsourcing job works while claiming the contribution was elaborated.

The Hqrs.’ Office has again received a number of representations from the different Associations of Employers, Export Bodies of Employers and individual Employers from various Regions expressing the difficulties faced by them in covering the employees engaged by them through immediate employers / contractors on jobs outsourced.
   
Recently, the Hon’ble High Courts of Madras, Madhya Pradesh and Karnataka have given their judgements... [continues]

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