Big Social Security Boost: Wage Ceiling for EPFO, ESIC May Rise to Rs 30,000!

• Union Labour Ministry is considering increasing the wage ceiling for EPFO and ESIC coverage, potentially to Rs 30,000.
• The move aims to unify the current disparate limits (EPFO Rs 15,000, ESIC Rs 21,000) and enhance social security for millions.
• Supreme Court directives and labour union appeals are driving this proposal, with the court urging a decision within four months.
• The last EPFO limit revision was in 2014; this change will re-include workers previously excluded due to inflation and rising wages.
• Increased limits will expand benefits for 8.5 crore EPFO subscribers and over 14 crore ESIC beneficiaries (including families).

Why It Matters: Government plans to hike EPFO/ESIC wage ceiling to Rs 30,000, boosting social security for millions of workers.