Business Daily from THE HINDU group of publications
Wednesday, Dec 19, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Dec 19, 2007 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
|
Industry & Economy
-
Social Security ESIC to withdraw cases against defaulting employers
Our Bureau New Delhi, Dec 18 The Employees State Insurance Corporation (ESIC) today approved a fresh amnesty scheme for withdrawal of cases against the defaulting employers and employees. The new scheme will come into force from January 1, 2008 and will remain effective for the full year. The scheme will lead to withdrawal of prosecution cases filed by the corporation in the 1st Class Judicial Magistrate Courts for non-payment of dues subject to payment including statutory interest, according to an official release. The quantum of relief to be levied on the employers would be 75 per cent and 25 per cent only would be claimed from the employees, the release added. The employers will also have to give an undertaking to the effect that they would be regular in compliance in future and there would not be default on their part. In order to minimize the need for inspections, introduction of a self-certification system has also been approved. Employers with up to 40 employees who are regular in compliance, will not be required to get the return certified by a chartered accountant and shall only submit a self-certificate, the release added. Disablement BenefitThe corporation also enhanced the Permanent Disablement Benefit and Dependents’ Benefit Rates to compensate the erosion in its real value to inflation. The ESIC board also approved the review of the Rajiv Gandhi Shramik Kalyan Yojana and revised the condition of 50 per cent disability under non-employment injury cases to 40 per cent disability in order to increase the coverage. More Stories on : Social Security
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|