Page 3 - Esic

ESIC to invest up to 15 per cent surplus funds in equity through ETFs

The decision was taken at an ESIC meeting chaired by the Union labour minister Bhupender Yadav

ESIC approves proposal to invest surplus funds in stock market through ETFs

Government's social security body Employees' State Insurance Corporation (ESIC) on Sunday approved a proposal to invest its surplus funds in the stock market through exchange traded funds (ETFs). The decision was taken in the 189th meeting of ESIC held on Sunday at ESIC headquarters under the chairmanship of Union labour minister Bhupender Yadav, a labour ministry statement said. Due to relatively low returns on investments in various debt instruments coupled with the need to diversify investment, ESIC gave its approval for investments of surplus funds in equities restricted to ETFs. The investment will start with 5 per cent of surplus funds and will increase up to 15 per cent, based on the review of the investment after two quarters, it stated. The investment will be confined to Exchanged Traded Funds on Nifty and Sensex. It will be managed by fund managers of asset management companies (AMSs), the statement said. Equity investments will be monitored by the existing custodian, ..

Centre to soon merge social security contributions by small firms: Report

Currently, the companies have to make separate payments towards the Employees' Provident Fund Organisation (EPFO) and Employees' State Insurance Corporation (ESIC)

ESIC-run social security scheme adds 1.46 mn new members in Aug: Report

Around 14.62 lakh new members joined the ESIC-run social security scheme in August 2022, according to official data released on Tuesday. The latest data is part of a report -- Payroll Reporting in India: An Employment Perspective - August 2022 -- released by the National Statistical Office (NSO). It showed that the gross new enrolments with Employees' State Insurance Corporation (ESIC) rose to 1.49 crore in 2021-22, from 1.15 crore in 2020-21. It was 1.51 crore in 2019-20 and 1.49 crore in 2018-19. From September 2017 to March 2018, around 83.35 lakh new subscribers joined the ESIC scheme. The report said gross new enrolments with ESIC from September 2017 to August 2022 were 7.22 crore. The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, the Employees' Provident Fund Organisation (EPFO) and the Pension Fund Regulatory and Development Authority (PFRDA). According to the report, net new enrolments with retirement fund body

ESIC to expand its reach in over 750 districts of country: Labour Minister

The 350 bedded hospital will be spread over 9.5 acres and would entail an expenditure of Rs 500 crore

Senior IAS officer Rajendra Kumar appointed ESIC Director General

Senior bureaucrat Rajendra Kumar has been appointed the director general of the Employees' State Insurance Corporation, as part of a senior-level bureaucratic reshuffle effected by the Centre on Sunday. Kumar, a 1992-batch Indian Administrative Service (IAS) officer of Tamil Nadu cadre, is currently an additional secretary in the Ministry of Electronics and Information Technology. He has been appointed the DG of ESIC, an order issued by the Personnel Ministry said. As per the order, T Natarajan, a 1996-batch IAS officer of Gujarat cadre, will be an additional secretary in the Department of Economic Affairs, Ministry of Finance. V Hekali Zhimomi has been appointed as additional secretary in the Department of Health and Family Welfare. She is at present working as a joint secretary in the same department. Ashish Srivastava, Additional Secretary and Financial Adviser in the Ministry of Health and Family Welfare, has been named as adviser in the Inter State Council Secretariat, Minist

ESIC-run social security scheme adds 1.57 million new members in July

Around 15.72 lakh new members joined the ESIC-run social security scheme in July 2022, according to official data released on Friday. The latest data is part of a report -- Payroll Reporting in India: An Employment Perspective - July 2022 -- released by the National Statistical Office (NSO). It showed that the gross new enrolments with Employees' State Insurance Corporation (ESIC) rose to 1.49 crore in 2021-22, from 1.15 crore in 2020-21. It was 1.51 crore in 2019-20 and 1.49 crore in 2018-19. From September 2017 to March 2018, around 83.35 lakh new subscribers joined the ESIC scheme. The report said gross new enrolments with ESIC from September 2017 to July 2022 were 7.08 crore. The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, the Employees' Provident Fund Organisation (EPFO) and Pension Fund Regulatory and Development Authority (PFRDA). According to the report, net new enrolments with retirement fund body EPFO stood

ESIC-run social security scheme adds 1.5 mn new members in June: Data

Around 15.47 lakh new members joined the ESIC-run social security scheme in June 2022, according to official data released on Thursday. The latest data is part of a report -- Payroll Reporting in India: An Employment Perspective - June 2022 -- released by the National Statistical Office (NSO). It showed that the gross new enrolments with Employees' State Insurance Corporation (ESIC) rose to 1.49 crore in 2021-22, from 1.15 crore in 2020-21. It was 1.51 crore in 2019-20 and 1.49 crore in 2018-19. From September 2017 to March 2018, around 83.35 lakh new subscribers joined the ESIC scheme. The report said gross new enrolments with ESIC from September 2017 to June 2022 were 6.92 crore. The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, the Employees' Provident Fund Organisation (EPFO) and Pension Fund Regulatory and Development Authority (PFRDA). According to the report, net new enrolments with retirement fund body EPFO stoo

ESIC scheme adds 1.49 million new members in May, says NSO report

Around 14.93 lakh new members joined the ESIC-run social security scheme in May 2022, according to official data released on Monday. The latest data is part of a report -- Payroll Reporting in India: An Employment Perspective - May 2022 -- released by the National Statistical Office (NSO). It showed that the gross new enrolments with Employees' State Insurance Corporation (ESIC) rose to 1.49 crore in 2021-22, from 1.15 crore in 2020-21. It was 1.51 crore in 2019-20 and 1.49 crore in 2018-19. From September 2017 to March 2018, around 83.35 lakh new subscribers joined the ESIC scheme. The report said gross new enrolments with ESIC from September 2017 to May 2022 were 6.76 crore. The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, the Employees' Provident Fund Organisation (EPFO) and Pension Fund Regulatory and Development Authority (PFRDA). According to the report, net new enrolments with retirement fund body EPFO stood at

ESIC scheme adds 1.26 million new members in April, shows data

The latest data is part of a report -- Payroll Reporting in India: An Employment Perspective - April 2022 -- released by the National Statistical Office (NSO)

ESCI to cover India in its health insurance scheme ESI scheme by year-end

The Employees' State Insurance Corporation (ESIC) on Sunday decided its health insurance scheme ESI will be implemented throughout the country by the end of 2022.

ESIC-run social security scheme adds 1.4 million new members in March

From September 2017 to March 2018, around 8.33 million new subscribers joined the ESIC scheme

ESIC scheme adds around 1.28 million new members in January

Around 12.84 lakh new members joined ESIC-run social security scheme in Jan 2021 against 15.34 lakh in the previous month, official data showed on Friday

Formal job creation surged to 1.5 mn in December 2021, shows data

Around 15.26 lakh new members joined the ESIC-run social security scheme in December 2021 against 10.39 lakh in the previous month, official data showed

ESIC scheme adds about 1.02 million new members in November 2021

Around 10.28 lakh new members joined the ESIC-run social security scheme in November 2021 against 12.39 lakh in the previous month, official data showed on Tuesday

ESIC scheme adds 13.37 lakh new members in September this year

Around 13.37 lakh new members joined the ESIC-run social security scheme in September this year as against 13.42 lakh in the previous month, official data showed

ESIC scheme adds 1.3 mn new members in August 2021: NSO data

The data gives a perspective on formal sector employment in the country

ESIC scheme adds 1.3 million new members in July 2021: Official data

This provides a perspective on formal sector employment in the country

Net EPF subscriptions hit record 1.46 mn in July amid easing lockdowns

The data, also called net payroll data, was higher in each of the first four months of the current financial year than the average monthly figure of previous years

ESIC to cover casual, contractual employees of municipal bodies

The Employees' State Insurance Corporation (ESIC) is set to extend benefits of its health insurance cover to all casual and contractual workers at municipal bodies