-The Hindu No timeline for rolling out 4 labour codes yet Implementing the Code on Social Security, 2020 and bringing the maximum number of workers under the ambit of social security schemes were the top priorities of the government, according to Labour and Employment Minister Bhupender Yadav. Mr. Yadav told The Hindu on Tuesday that the focus on expanding social security schemes would be discussed during the Employees’ State Insurance Corporation’s meeting on...
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ESIC may cover gig economy workers as part of new Social Security Code Bill -Somesh Jha
-Business Standard The government has made an enabling provision in the code to provide insurance cover, under the ESI schemes, to gig, platform and plantation workers Workers employed in the gig economy may soon be eligible for insurance benefits provided by the state-run Employees’ State Insurance Corporation (ESIC). The move is a part of the Social Security Code Bill, 2019 approved by the Union Cabinet on Wednesday. The Code has also proposed...
More »Government reduces ESI contribution rate to 4%, industry to save Rs 5,000 crore annually
-PTI NEW DELHI: The government on Thursday announced a cut in contributions made by employers and employees toward the health insurance scheme of Employees' State Insurance Corporation (ESIC) to 4 per cent from the existing 6.5 per cent, a move which would lead to an estimated annual saving of around Rs 5,000 crore for firms. The reduced rates will be effective from July 1, 2019, the labour ministry said in a release....
More »Job creation down 1.7% in Feb to 15.03 lakh: ESIC payroll data
-PTI According to the data, the gross new subscribers addition remained the highest at 19.81 lakh in July 2018. New Delhi: Job creation dropped by 1.73 per cent in February to 15.03 lakh compared to 15.30 lakh in the same month last year, according to the latest payroll data of the Employees State Insurance Corporation (ESIC). The data showed that during September 2017 to February 2019, nearly 3 crore new subscribers joined the...
More »Over 18 million jobs created in 15 months till Nov 2018: Central Statistics Office report
-PTI The study showed that employment generation in the formal sector increased by 48 per cent to touch a 15-month high of 7.32 lakh in November 2018 as compared to 4.93 lakh in the year-ago month, as per EPFO payroll data released earlier this month. More than 18 million jobs were generated by the country’s formal sector in a 15-month period starting September 2017 and ending November 2018, suggests a study based...
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