Employees’ State Insurance Corporation (ESIC)

EMPLOYEES’ STATE INSURANCE CORPORATION   For: Preliminary The topic covers: ESIC – benefits and significances, changes in percentage   News Flash The central government has decided that from the beginning of July, both employer’s and employee’s contribution under the Employees’ State Insurance (ESI) Act would be reduced. The act insured workers medical benefits among other facilities. The total contribution towards ESI was reduced from 6.5% of an employee’s wages to 4%, with the employer’s share…

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