Respected Everyone,
This is Jeyaram B. I just want to share the information below.
Source: ESI Corporation approves Enhancement of Wage Ceiling Limit from Rs.10,000/- to Rs. 15,000/- (link updated to site homepage) (
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ESI Corporation Approves Enhancement of Wage Ceiling Limit from Rs. 10,000/- to Rs. 15,000/-
The ESI Corporation has approved enhancing the wage ceiling from Rs. 10,000/- per month to Rs. 15,000/- per month for the coverage of employees under the ESI Scheme in its 149th Meeting held today, i.e., on 19th February 2010, under the chairmanship of Shri Mallikarjun Kharge, Union Minister of Labour and Employment. Shri Harish Rawat, Union Minister of State for Labour & Employment and Vice Chairman, ESIC, were also present in the meeting.
Keeping in view the increase in the cost of living index and recommendations of the Parliamentary Standing Committee on Labour, the Corporation increased the wage ceiling limit for coverage of employees under the ESI Scheme. This will help the Corporation provide a Social Security net to more and more employees of the Organized Sector.
The Corporation also decided to enhance the benefit rates for Permanent Disablement and Dependants' Benefit for those beneficiaries who are on the rolls of ESIC to get lifelong benefits under these two types of benefits. These benefits entitle the beneficiaries to receive a monthly amount for their whole life in the case of Disablement and Death. This has been done to compensate the beneficiaries against the erosion in the real value of these monthly benefits due to inflation.
In the meeting, the ESI Corporation also approved the Revised Estimates of ESIC for the current financial year and Budget Estimates for the year 2010-2011. An Amnesty Scheme has been approved by the Corporation for the withdrawal of criminal cases filed against Insured Persons and Employers under Sections 84, 85, and 85-A of the ESI Act, 1948, and the settlement of cases filed by the employers under Section 75 of the ESI Act. Provisions of primary and secondary medical care services in areas/districts where the existing ESI Hospitals are more than 25 km away and the population of Insured Persons is more than 25,000 in the areas have also been approved by the Corporation in today's meeting.
Regards,
Jeyaram B Trainee HR TICI, Chennai.