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Employees' State Insurance Corporation (ESIC), established by ESI Act, is an autonomous organisation under Ministry of Labour and Employment, Government of India.As it is a legal entity, the corporation can raise loans and take measures for discharging such loans with the prior sanction of the central government and it can acquire both movable and immovable property and all incomes from the ...
1948: 14 Dentists Act: 1948: 16 National Cadet Corps Act: 1948: 31 Calcutta Port (Pilotage) Act: 1948: 33 Employees' State Insurance Act: 1948: 34 Census Act: 1948: 37 Diplomatic and Consular Officers (Oaths and Fees) Act: 1948: 41 Coal Mines Provident Fund and Miscellaneous Provisions Act: 1948: 46 Oil Fields (Regulation and Development) Act ...
This fund is managed by the ESI Corporation (ESIC) according to rules and regulations stipulated there in the ESI Act 1948, which oversees the provision of healthcare and cash benefits to the employees and their family. ESIC is a Statutory and an Autonomous Body under the Ministry of Labour and Employment.
This was created by the Employees' State Insurance Act 1948. [ 31 ] The Unorganised Workers' Social Security Act 2008 (repealed in 2020) was passed to extend the coverage of life and disability benefits, health and maternity benefits, and old age protection for unorganised workers.
The Social Security Code, 2020 brings unorganised sector, gig workers and platform workers under the ambit of social security schemes, including life insurance and disability insurance, health and maternity benefits, provident insurance, pension and skill upgradation, etc. [1] The act amalgamates nine central labour enactments relating to ...
However, employee’s contribution is 12% of the basic wage as per sec.2(b) of the act and employer’s share of contribution is also 12% of the basic wage as per sec.2(b) of the act. In employer contribution of 12%, 8.33% transfer to EPS (Employee Pension Scheme) and 3.67% transfer to EPF (Employee Provident Fund).
The Atal Beemit Vyakti Kalyan Yojana (ABVKY) is a government welfare scheme initiated by the Central Government of India.Originally introduced as a pilot project for a duration of two years, the primary objective of the scheme is to provide financial support to individuals facing unemployment during the COVID-19 pandemic. [1]
In addition to the general labour laws applicable to all workers, the interstate workers are entitled with equal or better wages for the similar nature & duration of work applicable for the local workmen or stipulated minimum wages under the Minimum Wages Act, 1948 whichever is more, displacement allowance (Section 14),