Cabinet approves to amend ESI Act

The Union Cabinet today gave its approval to amend the Employees’ State Insurance Act, 1948. The Bill will be introduced in the Parliament during the Budget Session, 2008. The Amendment of the Employees’ State Insurance Act, 1948 will not only result in optimum utilization of the existing infrastructure but will also augment funds of the ESI Corporation. This will also help in implementing other schemes for workforce in different Sectors in addition to the beneficiaries covered under the present ESI Scheme.

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