Labour ministry to rejig draft social security code.
Dear all,
Your association SIMA is forwarding herewith an article published in Economic Times in respect of Draft Social Security Code.
The Labour Ministry's had proposed a Draft Social Security Code. Prime Minister’s Office (PMO) pulled it up over the proposals that did not meet the objective of unifying all social security benefits under an umbrella scheme.
The ministry’s third draft does not align with the government's intent to move towards universal social security. The PMO is unhappy as the concept of “universal” was missing in the draft code, and the official told ET. “The labour ministry has formed a committee to rework the code following a directive from the PMO”
The third draft presented by the Santosh Kumar Gangwar-led labour ministry has proposed that the Employee Provident Fund Organisation (EPFO) and Employee State Insurance Corporation (ESIC) be subsumed under a central body with a corporate-like structure.
Though it proposed to extend the coverage of provident fund and ESI to temporary workers, it did not outline a comprehensive scheme that would provide social security cover to all.
To view the full article PLEASE CLICK HERE.
This is for your kind information.
Thanking you,
With regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi
Secretary
