Context:
Recently, the Employees’ State Insurance Corporation (ESIC) bagged the “International Social Security Association’s ISSA Vision Zero 2023” Award in the recently held 23rd World Congress on Safety and Health at Work in Sydney, Australia.
Relevance:
GS II: International Relations
Dimensions of the Article:
- International Social Security Association
- Employee’s State Insurance Corporation (ESIC)
International Social Security Association:
- Foremost global institution uniting social security agencies and organizations internationally.
- Objective: Champion evolving social security as a societal aspect in the context of globalization by fostering outstanding social security management.
- Origin: Established in 1927 under the endorsement of the International Labour Organization.
- Membership: Comprises over 320 member institutions from more than 160 countries.
- Central Office: Situated in Geneva at the International Labour Office.
- Services: Provides information, expertise, business norms, actionable advice, and platforms for members to enhance and spread evolving social security systems globally.
- Guiding Principle: The concept of evolving social security lays out the strategic direction for ISSA’s endeavors.
Employee’s State Insurance Corporation (ESIC)
- Employee’s State Insurance Corporation (ESIC) is a Statutory Body set up under the Employees’ State Insurance (ESI) Act, 1948, which is responsible for the administration of ESI Scheme.
- As it is a legal entity, the corporation can raise loans and take measures for discharging such loans with the prior sanction of the central government and it can acquire both movable and immovable property and all incomes from the property shall vest with the corporation.
- The corporation can set up hospitals either independently or in collaboration with state government or other private entities, but most of the dispensaries and hospitals are run by concerned state governments.
