Rayon Dsouza

The Employees' State Insurance Corporation (ESIC) has recently observed a worrying decline in the Aadhaar seeding process for Insured Persons (IPs), ESIC employees, and pensioners across its Regional Offices (ROs) and Sub-Regional Offices (SROs). Despite clear directives from ESIC headquarters, including a communication from the Benefit Division dated 13-06-2024, the daily Aadhaar seeding count has dropped significantly. This is a matter of concern, as Aadhaar seeding is vital for the smooth and efficient delivery of benefits. Why is Aadhaar Seeding So Crucial? Aadhaar seeding ensures that IPs, their dependents, ESIC employees, and pensioners can access ESIC services efficiently. Delays in seeding create bottlenecks, affecting the overall system's operational efficiency and, more importantly, the delivery of benefits to those who rely on them. To tackle this issue, ESIC has implemented several user-friendly provisions: 1. IP Portal :  IPs can...

1) Introduction The Employees' State Insurance (ESI) scheme is a comprehensive social security system designed to provide financial protection to employees in the event of illness, maternity, injury, or disability due to work-related accidents. Managed by the Employees' State Insurance Corporation (ESIC), it is a statutory requirement under the Employees' State Insurance Act, 1948. ESI covers employees earning up to salary of Rs. 21000/- and provides various benefits aimed at improving the welfare of workers in India. 2) Employer’s Liability to Obtain ESI Registration As per the ESI Act, 1948, it is mandatory for employers to register under the ESI scheme if their establishment employes 10 or more employees (in some states, the threshold is 20). The employer must ensure that all eligible employees are enrolled in the scheme and make the necessary contributions. Failure to comply with the requirement can lead to penalties, legal consequences, and prosecution unde...

Introduction The PF - ELI Scheme was introduced as part of the Union Budget 2024-25, presented by the Hon'ble Finance Minister. This initiative aims to significantly enhance employment creation within the organized sector by promoting the hiring of first-time employees and supporting various sectors. The scheme encompasses three distinct initiatives designed to incentivize both employers and employees, ultimately fostering a robust workforce and stimulating economic growth. Expected Launch Date by EPFO : December 25, 2024   Further details regarding the ELI Scheme are expected to be available by the last week of November 2024 or the first week of December 2024. Scheme A: Support for First-Time EPFO Subscribers • Eligible Establishments :  - All establishments • Eligible Employees :  - First-time EPFO subscribers earning less than ₹1 lakh per month •  Conditions for Benefits :  - Retention of employees for at least 12 months •  Expected Beneficiaries...