Social Security News

The NPS account will give a lump sum amount to your wife on attaining the age of 60 years. Money can be deposited in NPS account monthly or yearly. NPS is the Social Security Scheme of the Central Government.

Enhanced social security is sought to be provided to the workers without any additional cost to the employer, it added. First condition is that the IP must have been registered on the ESIC online portal at least three months prior to the diagnosis of COVID disease resulting in death. Secondly, the IP must have been employed for wages and contributions for at least 78 days should have been paid or payable in respect of deceased IP during a period of one year immediately preceding the diagnosis of COVID disease resulting in death.

The scheme will provide an assured pension based on a guaranteed rate of return of 8% per annum for ten years.

To protect the interest of domestic workers, the government is readying a national policy that proposes a minimum salary of Rs 9,000 per month for the skilled full-time household helps, along with a host of benefits including social security cover and mandatory leaves.

Prime Minister Narendra Modi, who has faced Opposition flak over farmer's issues including on land bill, Saturday reached out to the community promising to initiate measures for their welfare as he addressed the nation from the ramparts of the Red Fort on Independence Day.

India Inc on Saturday welcomed Prime Minister Narendra Modi's emphasis on addressing issued related to agriculture in the country as well as the importance accorded to startups and social security.

Seeking to tap 'Raksha Bandhan' festival, the government plans to launch a 'Suraksha Bandhan' drive to push its flagship social security plans through innovative schemes like gift cheques and special deposits.