LegAccord Blog

What is the Labor Welfare Fund - LWF?

The Labor Welfare Fund (LWF) is maintained and managed by individual state institutions, and this LWF is considered a statutory contribution managed by individual state agencies. The state employment office determines the amount and frequency of donations. Transfer contributions and periodicity vary from state to state.

A Guide to Labour Welfare Fund Contributions and Benefits

The workers of this country, be that the private or the public sector, work extremely hard to make a living for themselves. We should treat them properly, and thus, the government gives them certain facilities and services as welfare. Labour welfare refers to the services and facilities that the government provides to improve the working conditions of labourers. In this article, we will get to know more about labour welfare and how the government of India carries it.

Implications of the ESIC Proposal to Increase the Wage Threshold

The Employees’ State Insurance Corporation (ESIC) is a statutory body responsible for administering India’s flagship social insurance program. It is established under the Employees’ State Insurance Act, 1948 which empowers it to make rules with respect to the scheme under Section-95 of the Act. Rule-50 of the Employees’ State Insurance (Central) Rules provides for the wage threshold for coverage of an employee under the Act, and consequently the scheme. It was previously amended in 2016 when the wage threshold was raised from Rs. 15,000 to Rs. 21,000. Presently, there is talk circulating with regards to another proposed raise in wage threshold to Rs. 30,000. This article shall examine the implications of this proposed move and the possible objectives behind the decision.

Pre-Closure of Attendance by Employers – Impact on Statutory Compliance

Many Private Establishments in India resort to pre-closure of their employee’s attendance cycle, to ease their regular monthly salary process.

Break Complexities of compliance

Handling the complexities of statutory compliance in emerging businesses from central, state and local Governments is a challenge for every organization/company/startup in India. In specific, companies with limited resources find that compliance management is difficult and consider this as a barrier for business growth and sale.