ESIC Wins ‘ISSA GOOD Practice Award, Asia & The Pacific 2018’

The Employees’ State Insurance Corporation (ESIC) has won the ‘ISSA Good Practice Award’ for Administrative Solution for Coverage Extension at the “Regional Social Security Forum for Asia and the Pacific” held at Kuala Lumpur, Malaysia. 
The award recognizes the measures taken by ESIC for extension of coverage-SPREE (Scheme for Promoting Registration of Employers and Employees), reduced rate of contribution rates for 24 months in newly implemented areas and raising the wage limit for coverage under the ESI Act, etc.
Source- Press Information Bureau (PIB)

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • The ISSA (International Social Security Association) is the principal international organization for Social Security Organizations, Govts. and Departments of Social Security.
  • The ISSA was founded in 1927 under the auspices of the International Labour Organization (ILO), Geneva.