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Narendra-Modi led reduces ESI contribution to 4 percent for industrial workers

Narendra-Modi led reduces ESI contribution to 4 percent for industrial workers

New Delhi, June 14 (IBNS): The Government of India on Thursday took a crucial decision to reduce the rate of contribution under the ESI Act from 6.5 percent to  4 percent (employers’ contribution being reduced from 4.75 percent  to 3.25 percent and employees’ contribution being reduced from 1.75 percent to 0.75 percent).