Employee benefits Current Affairs, GK & News

Kerala becomes first Indian state to provide maternity benefits in private educational sector

In a path-breaking development, the Central Government has recently approved the Kerala Government’s decision to bring teachers and other staff of private educational institutions under the Maternity Benefit Act. When the amendment to the Act comes into force, Kerala would become the first state in India to provide maternity benefits in the private educational sector. ..

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Government of India reduces rate of contribution under Employees’ State Insurance (ESI) Act from 6.5% to 4.0%

The Union Government has taken a historic decision to reduce the salary contribution of industrial workers who are eligible for healthcare benefits under the Employees’ State Insurance Act (ESI) Act from 6.5% to 4.0%. The move is aimed at formalizing India’s informal workforce and expanding social security coverage. The reduced rates will be effective from ..

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Agreement signed b/w India & Finland to boost cooperation on social security

India and Finland inked pact in New Delhi to boost bilateral cooperation on social security. Subsequent to the agreement: No social security contribution will be paid by detached Indian nationals working on a short term contract up to 5 years in Finland, provided they continue to make payment in India and the benefit will be ..

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GePG: The E-payment gateway for retired govt staff

Indian Government’s official account-keeper, the Controller General of Accounts (CGA) has developed a fully secured e-payment gateway for direct credit of dues into the accounts of beneficiaries using digitally signed electronic advice through the new system. Apart from revolutionizing payments to individual beneficiaries, the government’s epayment gateway (GePG), that would be linking 1.3 lakh agencies ..

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