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Esic News

23.46 Lakh Formal Jobs Were Created In India In Nov 2019: Govt Data

On Friday, the Ministry of Statistics & Programme Implementation released a press note on Employment Outlook of the country covering the period from September 2017 to November 2019. The payroll report was compiled from the information on the number of subscribers ...

Govt Proposes Appointment Of CEOs For EPFO, ESIC

On Wednesday, the government released a draft code that seeks to corporatise social security agencies by revamping the structure of EPFO and ESIC, which would mean that these organisations will get CEOs for the first time. The draft provides for a ...

Take-Home Pay To Increase As Govt Reduces ESI Contribution Rate

The government lowered the contribution under the Employees' State Insurance (ESI) from 6.5 percent to 4 percent on Thursday evening. The reduced ESI contribution is expected to increase the take-home salary of employees and decline the employer's financial burden. The decision ...

Atal Bimit Vyakti Kalyan Yojna Approved to Insure Employees from Job Loss

To provide financial support to those who lose their job, the Ministry of Labour and Employment on Wednesday launched a new scheme. At its 175th meeting, the Employees' State Insurance Corporation (ESIC) approved the 'Atal Bimit Vyakti Kalyan Yojna' to provide insurance ...

EPS To Be Overhauled and New Medical Scheme For Pensioners In The Making

Labour and Employment Minister Bandaru Dattatreya told Lok Sabha on Friday that any loopholes in the existing Employees Pension Scheme (EPS) would be checked and a high-level committee shall be set up to overhaul it. Additionally, he told the ...