Social Security Scheme Current Affairs, GK & News
The Finance Minister, Nirmala Sitharaman, while presenting the Union Budget 2021 has announced that the government has put forward the proposed to launch a portal to formulate social security scheme for the workers of the India’s gig economy. Highlights The framework for the scheme will be formulated by collecting the relevant information on gig workers ..
On May 23, 2020, the payroll data of the Employees State Insurance Corporation (ESIC) was released. The data says that around 821,000 new members have joined ESIC social security scheme. Highlights The data was released by National Statistical Office (NSO). According to the data the subscribers to the scheme in 2018-19 were 14.9 million and ..
Month: Current Affairs - May, 2020
Category: Government Schemes Current Affairs
The Union Government recently circulated the Draft Security Code that integrates existing labor laws and provides new initiatives to provide social security to workers of unorganized sector, insurance and helath benefits to gig workers. It includes drivers of private vehicle hiring services as well. The code also aims at corporatization of organizations like ESIC And ..
Category: Legal & Constitution Current Affairs
Topics: CLAT • Employees’ Provident Fund Organisation (EPFO) • ESIC scheme • Social Security • Social Security Laws • Social Security Scheme • universal social security code • unorganised sector • Unorganised Workers Social Security Act 2008
Union Cabinet decided to indefinitely extended Atal Pension Scheme, which had lapsed in August 2018. It also has broadened its scope by keeping it open-ended. The extension was given by taking into consideration of mass participation. New Provisions To further incentivize people’s participation in the scheme, age criterion for participation has been revised. Earlier, people ..