Thursday, February 13, 2020

ESIC proposes amendments to ensure better implementation of scheme

The draft amendments have been notified in the gazette for stakeholder consultation and will be finalised in a month’s time. The ESI scheme is applicable to all factories and other establishments as defined in the Act with 10 or more persons employed in such establishment and the beneficiaries' monthly wage does not exceed Rs 21,000 are covered under the scheme. The scheme currently covers nearly 3.5 crore insured persons and have 13.3 crore beneficiaries.

from Personal Finance News-Wealth-Economic Times https://ift.tt/31NbzjJ

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