ESIC Medical College, Faridabad Current Affairs, GK & News

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 ..