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[Economy] Social Security: Meaning and Laws in India

Subscribe / Economy / 32 Comments / 8 years Ago

1. What is Social Security?

2. History of Social security
3. Social Security in India
4. Social Security: Constitutional Provisions
5. Concurrent List
6. Part IV Directive Principles of State Policy
7. Difference between Organized and Unorganized
Sectors
8. SOCIAL SECURITY LAWS in India
Employees’ State Insurance Act, 1948 (ESI Act)
Employees’ Provident Funds Act, 1952
Workmen’s Compensation Act, 1923 (WC Act)
 Maternity Benefit Act, 1961 (M.B. Act)
Payment of Gratuity Act, 1972 (P.G. Act)
9. Social Security In India : Different From Developed Nations
10. Provident Fund
11. Mock Questions for APFC 2012 Exam

What is Social Security?

any of the measures established by legislation to maintain individual or family income or to provide
income when some or all sources of income are disrupted or terminated or when exceptionally heavy
expenditures have to be incurred (e.g., in bringing up children or paying for health care)
social security may provide cash benefits to persons faced with sickness and disability, unemployment,
crop failure, loss of the marital partner, maternity, responsibility for the care of young children, or
retirement from work
Social security benefits may be provided in cash or kind for medical need, rehabilitation, domestic help
during illness at home, legal aid, or funeral expenses
It acts as a facilitator – it helps people to plan their own future through insurance and assistance.

History of Social security

Germany was the first country to introduce Social security scheme (1883)
each member of a particular trade (blacksmiths, painters, weavers etc) was required to contribute at
regular intervals;
Money from this fund was used for food,lodging, hospital and feneral expenses of aged and disabled
members.
In USA, Social Security Act came into existence in 1935. (years not important, this is only fodder
Days Left
material for Essay.)
-7 : CDS(I)-2020
3 : IAS-Notificn Social Security in India
22 : SSC CGL-T1
India has always had a Joint Family system that took care of the social security needs.
112 : Prelim-2020
However with rise of migration, urbanization, nuclear families and demographic changes, Joint family
134 : SSC CGL-T2
system has declined. Hence we need a formal system of social security.
182 : CAPF-2020
222 : Mains-2020
Social Security: Constitutional Provisions
287 : IFS(M)-2020

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Comments

Ashutosh on
[Summary]
Economic Survey
2020 Vol1 Ch11:
Thalinomics for
competitive exams
(as such just Modi-
Bhakti, nothing
much exam-
oriented)

Masarat sultan on
UPSC gives
takehome question Concurrent List
paper with IFoS GK
Social Security and labour welfare falls under Concurrent list, it means both union and state Government
answerbooklet, less
marks per question, can make laws regarding these topics.
no more 3 out of 4
options (List III in the Seventh Schedule of the Constitution of India)
Item No. 23
Pushpinder Sharma
Social Security and insurance,
on [Summary]
employment and unemployment.
Economic Survey
2020 Vol1 Ch11: Item No. 24
Thalinomics for Welfare of Labour including conditions of work,
competitive exams provident funds,
(as such just Modi-
employers’ liability,
Bhakti, nothing
much exam- workmen’s compensation,
oriented) invalidity and old age pension and maternity benefits.

akshay on Part IV Directive Principles of State Policy

[Summary]
Article 41
Economic Survey
2020 Vol1 Ch11:
Thalinomics for Right to work, to education and to public assistance in certain cases
competitive exams State shall, within the limits of its economic capacity and development, make effective provision for
(as such just Modi- securing the right to work, to education and to public assistance in cases of unemployment, old age,
Bhakti, nothing
sickness and disablement, and in other cases of undeserved want.
much exam-
oriented)
Article 42

Bulbul on
[Summary] Provision for just and humane conditions of work and maternity relief
Economic Survey State shall make provision for securing just and humane conditions of work and for maternity relief.
2020 Vol1 Ch11: Difference between Organized and Unorganized Sectors
Thalinomics for
competitive exams Organized sector
(as such just Modi-
Bhakti, nothing includes primarily those establishments which are covered by the Factories Act, 1948, the Shops and
much exam- Commercial Establishments Acts of State Governments, the Industrial Employment Standing Orders
oriented)
Act, 1946 etc.
This sector already has social security benefits under above laws.
AMIT on [Summary]
Economic Survey Examples: employees of union and state Government, army, navy, airforce, Multinational companies,
2020 Vol1 Ch11: Infosys, TCS and so on.
Thalinomics for
competitive exams Unorganized sector
(as such just Modi-
Bhakti, nothing
Examples of Unorganized sector
much exam-
oriented) Rural Areas Urban Areas

ankul on [Summary] 1. landless agricultural labourers

Economic Survey 2. small and marginal farmers
2020 Vol1 Ch11: 3. share croppers 1. street vendors
Thalinomics for 4. persons engaged in 2. hawkers
competitive exams a. animal husbandry 3. head load workers
(as such just Modi- b. fishing 4. cobblers
Bhakti, nothing c. horticulture 5. tin smiths
d. bee-keeping 6. garment makers
much exam-
e. toddy tapping 7. Construction workers
oriented)
5. forest workers
6. rural artisans
Raghuraj pratp on
[Summary]
Economic Survey Unorganized sector doesn’t have labour law coverage. These are seasonal and temporary nature of
2020 Vol1 Ch11: occupations.
Thalinomics for Casual nature of work, labour mobility is high hence bargaining power is low.
competitive exams
(as such just Modi-
SOCIAL SECURITY LAWS in India
Bhakti, nothing
much exam-
oriented)

sarfaraz on
[Download] UPSC
Mains-2018 GSM1
Topicwise All Papers
(2013-2018). GS1-
2018 is crossing
syllabus-boundary
for the sake of Employees’ State Insurance Act, 1948 (ESI Act)
unpredictability
covers factories and establishments with 10 or more employees
Ashish on [i25] UPSC Provides medical care to employees and their families.
Mock Interview Provides Cash benefits during sickness and maternity
Questions: Polity &
Monthly pension after death or permanent disability.
International
Relations (IR)
current / Employees’ Provident Funds Act, 1952
contemporary
issues of 2020 applies to specific scheduled factories and establishments employing 20 or more employees and
ensures terminal benefits to provident fund, superannuation pension, and family pension in case of
GANESH kHEDKAR death during service.
on [Rights issue]
Education:
Workmen’s Compensation Act, 1923 (WC Act)
Government
schemes,
organizations,
SABLA, NPEGEL, Requires payment of compensation to the workman or his family in cases of employment related
Jalmani, Bal Shree, injuries resulting in death or disability.
mock questions

Maternity Benefit Act, 1961 (M.B. Act)

Srishti Lala on
[Studyplan] SSC CGL
provides for 12 weeks wages during maternity as well as paid leave in certain other related
General Awareness
Tier-1: Booklist, contingencies.
approach, free study
material for Payment of Gratuity Act, 1972 (P.G. Act)
Combined Graduate
Level exam
provides 15 days wages for each year of service to employees who have worked for five years or more
in establishments having a minimum of 10 workers.
Anu on [Free] UPSC
Offline Mock
Interview with Social Security In India : Different From Developed Nations
Mrunal for those We do not have an existing universal social security system
who cleared Mains-
92% of the workforce is in the informal sector which is largely unrecorded
2019, Venue- New
Delhi, Dates: Feb today 1/8th of the world’s older people live in India. The overwhelming majority of these depend on
3,4,5 transfers from their children.
Addressing social security concerns with particular reference to retirement income for worker
In India the coverage gap i.e. workers who do not have access to any formal scheme for old-age income
provisioning constitute about 92% of the estimated workforce of 400 million people.

Provident Fund

Here the employers to contribute to a provident scheme providing a lump-sum payment in the event
of death or disability or on retirement.

3 disadvantages of Provident Fund

 1. Money is inadequate for risks occurring early in working life.
2. Provident funds are generally invested in government securities, which have very low interest rate
(~8%) compared to other investment options such as mutual fund or even Bank fixed deposits
3. Inflation erodes the real value of savings.

But From the point of view of government, Provident Fund is attractive because it generates forced savings
that can be used to finance national development plans.

Mock Questions for APFC 2012 Exam

Q1 Which of the following statements are correct?

1. Social security falls under the purview of Union Government only.

2. Social security is a fundamental right enshrined in the Constitution of India.
3. Employees State insurance Act applies to any establishment with 5 or more workers.
4. Workman’s Compensation Act requires payment of compensation to the worker or his family in cases
of employment related death only.

Question: Match the following:

Name of Act Year

Payment of Gratuity 1961

Maternity Benefit 1972

Workmen’s compensation 1952

Employee’s Provident Fund 1923

Tags:EcoPill2-Finance

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32 Com m e n t s on “[E c o no m y] So c ial Sec ur ity: Meaning and L aws in
India”

jk R E PL Y

Q1…all are false..

Sir may u pls. provide link for BHARAT 2011 also…thanks

 Mrunal R E PL Y

The Bharat 2011 PDF only contains three pages. Frontcover, index page and
backcover. That’s why not uploaded.

sowmya R E PL Y

post more mock questions for apfc exam2012

vikram osho R E PL Y

Thank you sir…

Anju R Nair R E PL Y

Thank you sir…

Dimple sen R E PL Y

4.workmen compensation act 1923.(both death or disability)

1.both union and state govt..
2.social security is a constitutional right(DPSP)
3.ESI(more than 10 employees) whereas EPF(more than 20 employees)

mahesh R E PL Y

sir plz, post me any mock Question for ass.lebour com.exm

Abhishek chauhan R E PL Y

Thanks.

gajanan R E PL Y
nice sirji asst com labour ke slybs ke bare me kuch aur jankari do

Debnath Mitra R E PL Y

Years of Gratuity Act and Maternity Benefit Act must be altered, it is interchanged
between them.

Mahesh R E PL Y

Kindly send me some comprehansive study material for ALC exam 2013.

pooja R E PL Y

asst labour commissioner ke liye pls refer some text book

gautam R E PL Y

what are the constitution provisions for insurance sector????

vineet R E PL Y
 Sir pls provide social security programme link

Pradip Chatterjee R E PL Y

Please inform me wheather Pradhan Manrty Jivan Joyti Bima Yojona(PMJJBY) &
Pradhan Manrty Suraksha Bima Yojona(PMSBY) are under statutory social security
scheme or not ?

Pinky R E PL Y

how to prepare for APFC – epfo exam when only 17 days are left.

 satyander singh R E PL Y

please tell us date of examination.. send me mail also

g.k. jahnawee R E PL Y

sir ,i want social security programme list

& information in india……….[1.security by insurance 2.security by help]
amit kumar R E PL Y

any govt.service holder is under social security scheme?as example-CPF member

who joined in service after 2005

Chandan R E PL Y

Sir, at present I am posted in EPFO. Please provide me guideline that how to crack
in EO/AO Exam conducted by UPSC.

Chandan R E PL Y

Sir , I am posted in EPFO. I have applied for the post of EO/AO Exam conducted by
UPSC. Please provide me guideline that how to crack in this exam with healthy
marks???

anup R E PL Y

sir plz suggest me the better book for EPFO account officer exam 2016

jay prakash R E PL Y

sir plz suggest me the better book for EPFO account officer exam 2016
ajit sinha R E PL Y

I am also apply for AO/EO EXAM, my contact no is 8928970031, if both r cooperate

than may be crack, plz contacte

AKHIL R E PL Y

SIR I WANT SYLLABUS OF SOCIAL SECURITY FOR EPFO ACCOUNTANT EXAM SO PLZZ
PROVIDE ME..??

Niladri routray R E PL Y

HEMANT MAYEKAR R E PL Y

SIR I WANT SYLLABUS OF SOCIAL SECURITY OF INDIA AND INSURENCE SECTOR

NOTES

sasi R E PL Y
hello.., please write an article on upsc enforcement officer exam strategies and
previous question papers

Sheela R E PL Y

Hello sir, I need assistant labour commissioner model question papers…..

Priya R E PL Y

Please send previous question papers and tell me what type of questions are
asked in UPSC enforcement officer exam

Ranvijay Singh R E PL Y

Sir plz send questions related with epfo previous year exam on topic of labour laws
and industrial relations,and accounting principles also.

VIJ R E PL Y

Ans.1. D
Ans.2.
1-B, 2-A, 3-D, 4-C
 L eave a R eply

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