1 SCUF—News Letter—Breeze—August 2012 We, SCUFians Greet Shri Srinivas K. Executive Director (AP) Shri NIRANJAN RAO V. Executive Director (AP) & Shri PRAVEEN KUMAR V. Executive Director (North) (on their elevation to the post of Executive Director) Successful people do things differently ! Special points of interest: Excerpts from the Speech of Dy. Governor of RBI. More about ESI Balance Sheet & Life. To quote a few. Inside this issue: Q & A 2 Messg. from TED — 3 Swagatham to Freshers 4 Balance Sheet of Life 5 Small is still beautiful and Competitive 7 1st August, 2012 Thisai: South Thendral: 05
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Successful people do things differently Breeze/August...4 SCUF—News Letter—Breeze—August 2012 Benefit. At the Regional and Local levels, the Regional Boards and Local Committees
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1
SCUF—News Letter—Breeze—August 2012
We,
SCUFians
Greet
Shri Srinivas K.
Executive Director (AP)
Shri NIRANJAN RAO V.
Executive Director (AP)
&
Shri PRAVEEN KUMAR V.
Executive Director (North)
(on their elevation to the post of Executive Director)
Successful people do things differently !
Special points of interest:
Excerpts from the Speech of Dy. Governor
of RBI.
More about ESI
Balance Sheet & Life.
To quote a few.
Inside this issue:
Q & A 2
Messg. from TED — 3
Swagatham to Freshers 4
Balance Sheet of Life 5
Small is still beautiful and Competitive 7
1st August, 2012 Thisai: South Thendral: 05
2
SCUF—News Letter—Breeze—August 2012
1. Which Indian state is the larg-
est producer in the world of
the golden coloured 'Muga'
silk ?
(A) Assam
(B) Orissa
(C) West
Bengal
(D) Karna-
taka
2. Which Indian freedom fighter was
popularly called 'Mahamana' ?
(A) Bal Gangad-
har Tilak
(B) Jai Prakash
Narain
(C) Gopal Hari
Deshmukh
(D) Madan
Mohan Malaviya
3. Which Indian state would you
be in if you were watching birds at
Ranganathittu Birds Sanctuary,
situated on an island in the Kaveri
river ?
(A) Karnataka
(B) Maharash-
tra
(C) Tamil
Nadu
(D) Andhra
Pradesh
4.'Anandmath', 'Durgeshnondini' and 'Kapalkundala' novels were authored by which Bengali writer ?
5. Baglihar Dam, also known as Baglihar Hydroelectric Power Project, in Jammu & Kashmir is
built across which river ?
(A) Beas (B) Chenab (C) Jhelum (D) Sutlej
6.Where was the first Indian In-
stitute of Management (IIM) es-
tablished in 1961 ?
(A) Kolkata
(B) Bengaluru
(C) Ahmedabad
(D) Lucknow
7. What line connects the points
on a map that receive equal
amounts of rainfall ?
(A) Isobar
(B) Isohel
(C) Isotherm
(D) Isohyet
8. On 28 May 2008, the Indian
Air Force attained the Airborne
Warning And Control System
(AWACS) capability by procuring
the Phalcon radar (mounted on
Russian plane IL-76) from which
country ?
(A) France
(B) Israel
(C) Russia
(D) Germany
9. Which India born physi-
cist invented the 'Optical
Fibre' ?
(A) C.V. Raman
(B) Satyendra Nath Bose
(C) Homi J. Bhabha
(D) Narinder Singh Kapany
10. Which Australian state
was formerly known as
"Van Diemen's Land" ?
(A) Victoria
(B) Queensland
(C) Tasmania
(D) New South Wales
General
Answers See
Page 3
3
SCUF—News Letter—Breeze—August 2012
By
Ms. S. Muthumariamma TED.
1.What is Employee State Insurance Scheme ?
In addition to necessities of food, clothing, housing etc., man needs security in times of physical and economic distress consequent upon sickness, disablement etc. The Employees State Insurance Scheme is an integrated measure of Social Insurance embodied in the Employees State Insurance Act and is designed to accomplish the task of protect-ing employees as defined in the Employees State Insurance Act against the hazards of sickness, maternity, disablement and death due to employment injury and to provide medical care to insured persons and their families. The Scheme covers employees of non-seasonal power-using factories employing 10 or more persons. There is, how-ever, a built-in provision for its extension to other establishments or classes of establishments, industrial, commercial, agricultural or other-wise. The Scheme has been progressively extended to cover employ-ees in non-power using factories employing 20 or more persons and to commercial establishments.
2.How does the Employees State Insurance Scheme assist you?
The dependence of an individual on cash income is a characteristic feature of modern econ-omy. An interruption of money income even for a small period is, therefore, a hardship; a prolonged loss of income is indeed a catastrophe. By coming forward to provide health protection and income maintenance in a series of oft-experienced contingencies like sick-ness, maternity, disablement and death due to employment injury, the Employees .State Insurance Scheme tends to ameliorate your economic anxiety and to be a friend in need and distress.
3.Why is it called a Health Insurance Scheme?
The Employees State Insurance Scheme performs a dual role; by providing assistance in kind (medical care); it tries to re-store your health and working capacity and by assistance in cash (cash benefit); it tries to sustain you when your in-come is interrupted. With a bet- ter and facile health protec-tion, greater vitality, and assur- ance of income-maintenance in times of need, it makes you every inch a better, a health-ier, secure worker and there- fore, a happier man. The as-sistance comes to you not as an act of benevolence but in virtue of an acquired right.
4.Who administers the Employees State Insurance Scheme?
The Employees State Insurance Scheme is administered by a corporate body called the Employees State Insurance Corporation (ESIC), which has members representing Employ-ees, Employers, the Central Government, State Governments, Medical Profession and the Parliament. The Director General is the Chief Executive Officer of the Corporation and is also an ex-officio member of the Corporation. The other bodies at the national level are the Standing Committee (a representative body of the Corporation) and the Medical Benefit Council, a specialised body which advises the Corporation on administration of Medical
Answers : Q & A
1. Assam
2. Madan Mohan Malaviya
3. Karnataka
4. Bankim Chandra
Chatterjee
5. Chenab
6. Kolkata
7. Ishoyet
8. Israle
9. Narinder Singh Kapany
10.Tasmania
Message from TED
4
SCUF—News Letter—Breeze—August 2012
Benefit. At the Regional and Local levels, the Regional Boards and Local Committees have been constituted. There is, thus, an association of interests and interest groups at all levels
ESIC is the trustee of the interests of the insured persons. It discharges its obliga-tions and duties through a net-work of Regional Offices and Local Offices, Hospitals and Dispensaries spread over the entire country.
5.Whom does the Scheme protect?
The Scheme protects all employees engaged on a monthly remuneration not exceed-ing Rs. 15000/- in a factory/establishment to which the Act applies. Persons employed for wages on any work connected with the administration of the factory or establish-ment or any part, department or branch thereof or purchase of raw materials, or dis-tribution or sale of the product of a factory or establishment are also covered. Mines, Railway Running Sheds, Naval, Military and Air Force Workshops and specified sea-sonal factories are excluded. The scheme also provides full medical cover to the de-pendants of insured persons. In the event of death of an insured person due to em-ployment injury dependants become eligible to cash benefit.
6.Where do Employees State Insurance Funds come from?
The Employees State Insurance Funds are primarily built out of employers contribu-tion and employees contribution payable monthly as a fixed percentage of wages.
African Saying:
If you want to walk quick, walk alone;
If you want to walk far, walk together.
A Lovely Logic for a beautiful Life
Do not try to maintain
relations in
your life.
Just try to maintain life
in your
relations.
In Next Issue:
“Employees’
Provident
Fund “
Always welcome
the problems.
Because problems give you dual
advice.
First, you know
how to solve it.
Second, you know how to avoid it in
future.
3 stages of Life:
Teen Age – Has time & energy –
But no Money
Working Age – Has Money & Energy –
But No Time
Old Age – Has Money & Time –
But No Energy
ESI - Contd……...
5
SCUF—News Letter—Breeze—August 2012
Message from TED
SNO NAME DEPARTMENT LOCATION STATE
1 ANUJ KUMAR CHANDELIA DOCUMENTATION DILSHAD GARDEN NEW DELHI
2 ANURAG SHARMA DOCUMENTATION DILSHAD GARDEN NEW DELHI
3 AMIT SHARMA BACK OFFICE AMRITSAR Punjab
4 AJEEMA BEEVI BRANCH ACCOUNTS CHENNAI ZONE TamilNadu
Our members of staff are requested to con-tribute to our News Letter ―Breeze‖ by way of articles, photos, art work done by them, tips, messg. on special events at their work place, and such other matter of interest for publica-
tion.
“ Small is still Beautiful and Competitive “
Reflections on the Growth of Micro, Small and Medium Enterprises
The extent of financial exclusion in the MSME sector is very high. As only 5 to 10% of MSMEs are covered by institutional funding, there is a need to bridge the huge gap through enabling policies. Banks and financial institu-tions need to support the MSMEs in their need for finance. Some of them could grow into large corporates and potential MNCs in future. The Re-serve Bank of India is endeavouring to support the MSME sector by pro-viding an enabling policy environment and I urge all the banks and finan-cial institutions to implement our guidelines in both letter and spirit to in-crease the credit flow to this vital sector. MSME Associations and Cham-bers of Commerce also have an important role to play in this formidable task of building a robust MSME sector. On their part, the MSMEs should be responsible borrowers, should use the bank credit in a judicious manner and take advantage of the business opportunities both within and outside the country. They should improve their governance and risk management practices, maintain proper books of accounts, submit correct information to banks and all authorities, and make their operations more efficient and productive to get easier access to finance from banks and other investors. With the concerted efforts of all the stakeholders I am sanguine that MSME sector would become more competitive and efficient and offer greater con-