REGULATORY UPDATE

1. Clarification regarding the minimum due benefit to be paid from the employees’ deposit linked insurance scheme fund to the eligible family members

The Ministry of Labour and Employment, vide its notification dated January 2, 2023, has issued directions regarding the minimum due benefit to be paid from the Employees’ Deposit Linked Insurance (“EDLI”) Scheme fund, to the eligible family members who were beneficiaries in cases of death of eligible employees but the amount paid to them was less than the stipulated minimum assurance benefit of INR 2.5 Lakh (Rupees Two Lakh Fifty Thousand) resulting in short payments. The said directions provide that:

• All zonal officers (“ZO”) are requested to ensure that regional officers (“RO”) in their respective jurisdictions shall identify all such EDLI claims which have been settled and where, the minimum benefit has not been paid in the intervening period, such ZO shall immediately release the balance benefits due if any.
• A consolidated report shall be sent by the ZO to the Employee Provident Fund Organisation (“EPFO”) head office confirming that the minimum EDLI benefits have been given in all eligible cases and there are no short payment cases.
• The report is to be sent within 15 (fifteen) days on or before January 16, 2023.

2. Launch of integrated online services portal, ‘Silpasathi’, in West Bengal

The Labour Department, Government of West Bengal, vide notification dated December 27, 2022, notified the...

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