24/07/24 | 4:06 pm | ESIC

Print

ESIC reports surge in new worker enrollments in May 2024

The Employee State Insurance Corporation (ESIC) has reported a significant increase in the number of new workers enrolled under its scheme in May 2024. According to provisional payroll data, 23.05 lakh new employees joined the ESI scheme during this month.

In May 2024, 20,110 new establishments were also brought under the social security ambit of the ESI Scheme, ensuring more workers receive social security benefits. Year-on-year analysis shows a 14% growth in net registrations compared to May 2023. Specifically, 20.23 lakh new employees were registered in May 2023, while 23.05 lakh new employees were registered in May 2024, reflecting an increase of 2.82 lakh registrations.

The data reveals that out of the 23.05 lakh new employees added in May 2024, 11.15 lakh, or approximately 48.37%, belong to the age group of up to 25 years. Gender-wise analysis shows that 4.47 lakh female members were enrolled in May 2024. Additionally, 60 transgender employees registered under the ESI Scheme in May 2024, demonstrating ESIC’s commitment to providing benefits to every section of society.

RELATED ARTICLES

4 hours ago | Fairfax Financial Holdings

Cabinet approves Rs 52,878 crore sale of 60.72% stake in IDBI Bank to Fairfax entity

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved Canada-based Fairfax Financial Holdings Ltd. as the strategic buyer for a 60.72% stake in IDBI Bank for approximately ₹52,878.08 crore. The transaction comprises the sale of a ...

5 hours ago | Annual Meetings

Nirmala Sitharaman to Attend IMF-World Bank Annual Meetings in Bangkok

Union Finance and Corporate Affairs Minister Nirmala Sitharaman will visit Bangkok, Thailand, from October 14 to 18 to participate in the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, along with meetings of G20 an...

5 hours ago | Benchmark equity indices ended lower

Sensex falls, Nifty slips below 22,650 as pharma, healthcare stocks drag

Benchmark equity indices ended lower on Wednesday, weighed down by losses in pharma and healthcare stocks, even as gains in information technology shares limited the decline. The Sensex declined 251.89 points, or 0.34 per cent, to close at 72,781.8...