Friday, July 20, 2007
Ultimately, A Bill For Unorganised Sector
New Delhi: The social security package for the unorganised sector is finally about to open as a Bill regarding this is to be tabled in the coming Parliament session. The Bill proposes a social security package in the form of health insurance, pension and provident fund benefits for the unorganised sector. The government expenditure on social security for the unorganised sector so far has been confined to short-lived schemes like the Krishi Samajik Suraksha Yojana and the present government''s National Old Age Pension Scheme. The proposed expenditure on social security for the majority of the workforce coming under the unorganised sector is 0.17 per cent of the GDP. However, the draft Billl on social security has been criticised for not mentioning any financial commitment.
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