In an earlier blog post titled Unemployment Benefits under ESI: RGSKY and ABVKY we had discussed the eligibility criteria as well as the manner in which unemployment benefits can be claimed under the two ESIC schemes. In this post we shall examine the changes brought in by the ESIC through its Press Release No. E-13/12/9/2020-P.R. dated 20th August 2020. The Employees’ State Insurance Corporation during its 182nd meeting decided to take steps to provide workers…
The unemployment rate in India hit record levels during the peak of the COVID-19 pandemic and had been increasing until the lockdown ended in mid-May. Labour participation rate has increased to around 40.66% according to data from the Center for Monitoring Indian Economy (CMIE), which is close to pre-COVID levels. However, several individuals are still being laid-off as part of restructuring operations, business continuity plans and other measures to cope with the economic consequences of…