updates

Labour Secretary Rules out Using ESIC’s Funds for Paying Workers’ Wages

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New Delhi: Labour Secretary Heeralal Samariya on Wednesday ruled out appropriating funds of the Employees’ State Insurance Corporation (ESIC) for payment of wages to workers or to employers to meet their salary bill during the coronavirus lockdown. There has been lobbying for sometime for using funds of the retirement fund body EPFO as well as […]

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Post lockdown employers must mandatorily provide medical insurance to employees

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The government has made it mandatory for all employers which resume functioning as the lockdown gets over, to provide medical insurance to their employees. Roopam Asthana, CEO and Director, Liberty General Insurance said that earlier it was not mandatory for all employers to provide health insurance cover to their employees. “However, some employers were buying ‘Group Health Insurance’ from insurance companies

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India’s small businesses struggle to pay wages amid coronavirus lockdown

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Hundreds of thousands of cash-starved Indian small businesses have either deferred or cut their workers’ wages this month, say industrialists and union leaders, amid a 21-day nationwide lockdown to stem the spread of the coronavirus pandemic. All India Manufacturers Organisation (AIMO)- an industry body representing some 100,000 small manufacturers – said more than two-thirds of

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What are the legal obligations to pay wages during a lockdown?

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The directions issued by the government to employers to pay wages to all the workmen neither comes within the framework of the Disaster Management Act and Epidemic Diseases Act nor is backed by a statutory law The Government of India and State governments have called upon employers to pay wages for the lockdown period not

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Government looking to amend rules for availing unemployment benefit under ESIC

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NEW DELHI: In a move that could bring succor to millions staring at job losses, the government is looking to amend the rules for availing unemployment benefit under the Employees’ State Insurance Corporation. A top government official told ET that the labour ministry is in talks with the finance ministry on the proposed changes. Proposed changes could include providing

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6.3 lakh pensioners to benefit from restoration of pension commutation by Labour Ministry

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The labour ministry has implemented retirement fund body EPFO’s decision to restore pension commutation under the Employees’ Pension Scheme, a move that will benefit 6.3 lakh pensioners. Pension commutation refers to part-withdrawal of fund in advance by a subscriber, who then gets reduced pension amount for 15 years. With the ministry’s latest decision, such pensioners would receive

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