Report warns against bid to privatise Employees’ State Insurance Corporation
A new report by the non-profit Safe In India warns against the privatization of the Employees’ State Insurance Corporation (ESIC). It suggests increasing wage ceilings for coverage and emphasizes the need for robust regulation if private sector involvement is considered.
Why it matters
The debate over ESIC privatization impacts social security access for millions of workers in India.
ESI Ki Baat , a report on the functioning of Employees’ State Insurance Corporation (ESIC) prepared by Safe In India, a non-profit organisation, has warned the Union government against the reported attempts to privatise the ESIC. It has also recommended that the wage ceiling to avail ESIC coverage could be increased to ₹33,000 from the present figure of ₹21,000. Releasing the report, Director General of the ESIC, Ashok Kumar Singh, said the implementation of the Code on Social Security would help in more number of workers availing the ESIC benefits.
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