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ESI Corporation approves Enhancement of Wage Ceiling Limit from Rs.10,000/- to Rs. 15,000/- <link updated to site home> ( Search On Cite | Search On Google )
ESI Corporation approves Enhancement of Wage Ceiling Limit from Rs.10,000/- to Rs. 15,000/-
The ESI Corporation has approved to enhance wage ceiling from Rs. 10,000/- per month to Rs.15,000/- per month for coverage of employees under ESI Scheme in its 149th Meeting held on today i.e. on 19thFebruary, 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 was also present in the meeting.
Keeping in view the increase in cost of living index and recommendations of the Parliamentary Standing Committee on Labour, the Corporation increased the wage ceiling limit for coverage of the employees under the ESI Scheme. This will help the Corporation to provide 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 for getting life long benefits under these two types of benefits. These benefits entitle the beneficiaries to get a monthly amount for whole life in case of Disablement and Death. This has been done to compensate the beneficiaries against erosion in the real value of these monthly benefits due to inflation.
In the meeting, ESI Corporation has also approved Revised Estimates of ESIC for current financial year and Budget Estimates for the year 2010-2011. An Amnesty Scheme has been approved by the Corporation for withdrawl of criminal cases filed against Insured Persons and Employers under Section 84, 85 and 85-A of ESI Act, 1948 and settlement of cases filed by the employers under 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 Kms away and population of Insured Persons is more than 25000 in the areas, has also been approved by the Corporation in today’s meeting.
Regards
Jeyaram B
Trainee HR
TICI,Chennai.