Proposed changes could include providing unemployment benefits of up to 50% of the last drawn salary for three months as against 25% of the salary available under the Atal Beema Vyakti Kalyan Yojana (ABVKY) currently. Time period could be extended further if needed, the official said.
NEW DELHI: In a move that could bring succor to millions staring at job losses, the government is looking to amend the rules for availing unemployment benefit under the Employees’ State Insurance Corporation.
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A top government official told ET that the labour ministry is in talks with the finance ministry on the proposed changes.
Proposed changes could include providing unemployment benefits of up to 50% of the last drawn salary for three months as against 25% of the salary available under the Atal Beema Vyakti Kalyan Yojana (ABVKY) currently. Time period could be extended further if needed, the official said.
Source: Economic Times
