Employment contracts shall be entered into in conformity with the principle of equality, voluntary participation, consultation and consensus, which represents complete contractual freedom enjoyed by employees.
10  As an aside, we see that India has chosen 4 per cent as the midpoint for its recently adopted inflation target range.The new target is 4 per cent plus or minus 2 per cent. 6  BIS central bankers’ speeches  inflation might move to the top or the bottom of the range but it will rarely breach the target range entirely.