The big missing component in the draft social security code is ways to take care of unemployment in a proactive way
Increasing take home salary by lowering employees’ mandatory contribution to PF is like enjoying today and leaving little for the rainy days
The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, retirement fund body EPFO and Pension Fund Regulatory and Development Authority (PFRDA).
Enrolments and contributions have soared over the past three years as the scheme remains an important safety net for workers
The ESIC has been releasing payroll data from April 2018, covering the period starting September 2017.
The ESIC provides health insurance and medical services to its insured person covering all those establishment which have 20 or more workers and all those employees whose monthly wages are up to Rs 21,000.
As many as 13.97 lakh new members joined the health insurance scheme run by the ESIC in July this year, which is the highest in any month since September 2017, a report of the CSO said.
A total of 44.74 lakh jobs were added in the formal economy during September-May, 2017-18, government data showed.
The ESIC covers around 3 crore formal sector employees in the country, with total beneficiaries of over 12 crores under its health insurance scheme.
Labour Minister Bandaru Dattatreya said there are around 43 per cent of the total employees in the country are in the unorganised sector and 4.7 crore of them were in the construction sector.
The government is considering a proposal to bring handloom and powerloom weavers under the health insurance scheme of Employees State Insurance Corporation (ESIC).
Once the Labour Code on Security and Welfare is put into effect, schemes like provident fund, pension and insurance schemes run under the EPF Act, 1952, and the sickness benefit scheme under the ESIC Act, 1948 will no longer exist in their present forms.
The Centre would soon extend benefits under ESIC and EPFO to the Anganwadi, ASHA and mid-day meal scheme workers in the country, Union Labour Minister Bandaru Dattatreya said here today.
Companies will soon have to fill just a single common form to enrol themselves with retirement fund body EPFO and state insurer ESIC.
Health insurance providers feel tax incentives to salaried class on purchase of health insurance should be raised. Also, exemption of service tax on health insurance premiums and preventive health check-ups can prompt more people to buy health cover.
Union Labour and Employment Minister Bandaru Dattatreya today said the Centre will ensure medical services under the Employee's State Insurance Corporation (ESIC) in all the districts of the country by this year-end.
IRB Infrastructure has emerged as a preferred bidder for the project of six laning of 125 km in Rajasthan.
Alleging that Employees' State Insurance Corporation (ESIC) has withheld certain payments due to it in an "ad-hoc and arbitrary manner", IT services provider Wipro today said it will seek legal recourse if the issue is not resolved amicably in a reasonable time.
In a meeting held today, the ESIC board also decided to give an option to existing insured persons to continue membership even if their wage breaches the ceiling of Rs 21,000 per month.
"As per the budget estimates, we are going to spend Rs 7,618 crore in the next year on medical benefit and Rs 1,184 crore on cash benefit for the workers and the family members covered under the ESI scheme," Dattatreya, the Union Minister of State for Labour and Employment, said.
E-governance solution to enable automated healthcare services to over 60 million beneficiaries spread across the country.