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Statutory sick pay (SSP) is a United Kingdom social security benefit. It is paid by an employer to all employees who are off work because of sickness for longer than 3 consecutive workdays (or 3 non-consecutive workdays falling within an 8-week period) but less than 28 weeks and who normally pay National Insurance contributions (NICs), often referred to as earning above the Lower Earnings ...
Central sector scheme actual spending in 2017-18 was ₹ 587,785 crore (equivalent to ₹ 6.6 trillion or US$77 billion in 2023), [8] in 2019-20 it was ₹ 757,091 crore (equivalent to ₹ 8.5 trillion or US$99 billion in 2023) while the budgeted amount for 2021-22 is ₹ 1,051,703 crore (equivalent to ₹ 12 trillion or US$140 billion in 2023 ...
Sick leave (also called medical leave in India) is the leave that an employee is legally entitled to when the employee is out of work due to illness. Medical leaves can be taken for a minimum of 0.5 to a maximum of 12 working days with 100% pay or a maximum of 24 days with 50% pay per employee per year.
Workers on a five-day week are entitled to a 20 working days or 24 working days for six-day week workers. The leave entitlement is increased by one working day for each year of employment in addition to the first year, up to 26 working days, or up to 22 working days if the undertaking operates a five-day week. [14]
The employee contributes 10% of his gross salary to the system while the employer contributes a matching amount. At the official age of retirement, the employee can withdraw 60% of the amount as a lump sum while 40% needs to be compulsorily used to buy annuity that will be used to pay a monthly pension. The system tries to achieve a target of ...
Schedule 9 Exclusions from entitlement to child benefit. Schedule 10 Priority between persons entitled to child benefit. Schedule 11 Circumstances in which periods of entitlement to statutory sick pay do not arise. Schedule 12 Relationship of statutory sick pay with benefits and other payments, etc.
Even if merit subsidies are set aside, the remaining subsidies alone amount to 10.7% of GDP, comprising 3.8% and 6.9% of GDP, pertaining to Centre and State subsidies respectively. The average all-India recovery rate for these non-merit goods/services is just 10.3%, implying a subsidy rate of almost 90%.
With an average rural household size of 5.5, [23] LARR Bill 2011 R&R entitlement benefits may apply to about 10.9 crore rural households in India. According to Government of India, the contribution of agriculture to Indian economy's gross domestic product has been steadily dropping with every decade since its independence.