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India's social security system covers only 10 percent of its workforce. The various more important ones schemes adopted by government and private organizations are as follows.
- Employees' Provident Fund and Miscellaneous Provisions Act.
- Employees' State Insurance Act.
- Industrial Disputes Act.
- Maternity Benefit Act.
- Workmen's Compensation Act.
Coverage
All the social benefits are available to a worker irrespective of nationality. A worker is not allowed to decline coverage. Foreign nationals employed in India at a relatively higher level may not be covered, depending on their terms of employment.
With the fact that social security can act as a catalyst to Economic growth and reforms, bodies such as IIEF (Invest India Economic Foundation) is assisting Department of Economic Affairs in the area of pension reforms and implementation.
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