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Around 12.66 lakh new jobs created in May, tad higher than 11.15 lakh in April: ESIC payroll data
Business

Around 12.66 lakh new jobs created in May, tad higher than 11.15 lakh in April: ESIC payroll data

Around 12.66 lakh jobs were created in May, a tad higher than 11.15 lakh jobs in April this year, the Employees' State Insurance Corporation (ESIC) payroll data showed

Govt reduces ESI contribution rate to 4% from existing 6.5%, industry to save Rs Rs 5,000 crore annually
Business

Govt reduces ESI contribution rate to 4% from existing 6.5%, industry to save Rs Rs 5,000 crore annually

The reduced rates will be effective from 1 July, 2019, the Labour Ministry said in a release. This would benefit 3.6 crore employees and 12.85 lakh employers

11.38 lakh jobs created in March in formal sector; around 1.48 crore jobs generated in FY 2018-19: ESIC data
Business

11.38 lakh jobs created in March in formal sector; around 1.48 crore jobs generated in FY 2018-19: ESIC data

The Employees' State Insurance Corporation (ESIC) did not provide gross new enrolments for March 2018

Why Rahul Gandhi’s Rs 72,000 per annum minimum income promise is a blunder in the making
Business

Why Rahul Gandhi’s Rs 72,000 per annum minimum income promise is a blunder in the making

Minimum income guarantee promise will most likely shift attention from the more serious unemployment problem.

Job creation dipped 6.9% in January to 11.23 lakh, reveals payroll data of Employee State Insurance Corporation
Business

Job creation dipped 6.9% in January to 11.23 lakh, reveals payroll data of Employee State Insurance Corporation

Employee State Insurance Corporation (ESIC) provides health insurance and medical services to its insured persons covering all those establishments which have 20 or more workers and all those employees whose monthly wages are up to Rs 21,000.

Nearly 2 cr jobs created in 16 months to December 2018: Central Statistics Office report
Business

Nearly 2 cr jobs created in 16 months to December 2018: Central Statistics Office report

Nearly 2 crore jobs were created in 16 months to December 2018, according to the payroll data of the Employees State Insurance Corporation (ESIC)

Over 1.8 crore jobs created in formal sector during 15 months till November 2018: CSO report
Business

Over 1.8 crore jobs created in formal sector during 15 months till November 2018: CSO report

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 on payroll data of retirement fund body EPFO, PFRDA and Employees' State Insurance Corporation (ESIC)

ESIC's new scheme to give cash relief to insured persons during unemployment, says labour ministry
Business

ESIC's new scheme to give cash relief to insured persons during unemployment, says labour ministry

The scheme, Atal Bimit Vyakti Kalyan Yojna, is a relief payable in cash directly to bank account of insured person in case of unemployment and while they search for new engagement, Labour Minister Santosh Gangwar said.

Four million jobs added in eight months till April 2018 as per EPFO data, says CSO report
Business

Four million jobs added in eight months till April 2018 as per EPFO data, says CSO report

According to the data, the EPFO's April payroll number was the highest in the last eight months, indicating higher jobs creations than preceding 7 month.

Cabinet clears 'Modicare': All you need to know about the biggest free health insurance scheme
Business

Cabinet clears 'Modicare': All you need to know about the biggest free health insurance scheme

Getting state governments to buy into Modicare and execute it by August, 2018, will be a huge challenge, especially in a big election year.

India’s missing employment data: We aren’t better off as a nation living in the dark about job scenario
Business

India’s missing employment data: We aren’t better off as a nation living in the dark about job scenario

The last time the labour bureau released job data, it showed unemployment in the country rose to a five-year high of 5 percent in 2015-16.

Budget 2018: Govt should create awareness about crop insurance to ease out farmers' distress
Business

Budget 2018: Govt should create awareness about crop insurance to ease out farmers' distress

The government should focus more on creating awareness on crop insurance with farmers through training about the benefit of the scheme at Krishi Vikas Kendra and rural NGOs

Budget 2018: Can we stop pakoda seller vs beggar discourse and debate on a better payroll method?
Business

Budget 2018: Can we stop pakoda seller vs beggar discourse and debate on a better payroll method?

Perhaps, there is an opportunity for the Narendra Modi government to use this Budget to offer clarity on the job scenario in the country with official data-backed presentation.

Govt working on universal social security scheme, aims to cover workers from informal sector
Business

Govt working on universal social security scheme, aims to cover workers from informal sector

The government of India is working on the draft of a new social security scheme that would offer a safety cover all workers including those from the informal sector

Govt submits rare diseases policy to Delhi HC: Will aim to facilitate effective diagnosis, affordable treatment
India

Govt submits rare diseases policy to Delhi HC: Will aim to facilitate effective diagnosis, affordable treatment

In spite of the fact that rare diseases are individually rare, they collectively affect a considerable size of population in a country.

Cardiac stents row: ESIC told to reveal patients referred to private hospitals after RTI applicant alleges corruption
India

Cardiac stents row: ESIC told to reveal patients referred to private hospitals after RTI applicant alleges corruption

Taking a serious view of private hospitals "fleecing" patients for cardiac stents, the Central Information Commission (CIC) has directed the Employees State Insurance Corporation (ESCI) to disclose the number of patients referred by it to private hospitals for the implants and the prices paid to those hospitals.

Employees' State Insurance Corporation raises wage threshold to Rs 21,000
Business

Employees' State Insurance Corporation raises wage threshold to Rs 21,000

The Employees' State Insurance Corporation (ESIC) today raised the monthly wage threshold to Rs 21,000, from the current Rs 15,000, for coverage under its health insurance scheme.

Modi's smart card scheme to cover over 40 cr unorganised workers for social security benefits
Business

Modi's smart card scheme to cover over 40 cr unorganised workers for social security benefits

Through UWIN card, government wants to provide social security to all those people who are not covered either by Employees' Provident Fund Organisation or Employees' State Insurance Corporation

Labour ministry asks EPFO, ESIC not to inspect startups for 3 years
Business

Labour ministry asks EPFO, ESIC not to inspect startups for 3 years

The Labour Ministry has directed retirement fund body EPFO and health insurance provider ESIC to exempt startups from inspection and filing returns for 3 years.

Wipro Completes ESIC's "Project Panchdeep"
Biztech

Wipro Completes ESIC's "Project Panchdeep"

E-governance solution to enable automated healthcare services to over 60 million beneficiaries spread across the country.