Latest news with #ESIC
Time of India
12 hours ago
- Business
- Time of India
ESIC launches Scheme for Promotion of Registration of Employers and Employees (SPREE) 2025 to expand social security coverage
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi, The Employees' State Insurance Corporation (ESIC) has rolled out Scheme for Promotion of Registration of Employers and Employees (SPREE) 2025 to expand its social security coverage , an official statement corporation approved SPREE 2025 during its 196th meeting in Shimla on June 27 under the chairmanship of Labour & Employment Minister Mansukh scheme will be active from July 1 to December 31, 2025 and provides one-time opportunity for unregistered employers and employees-including contractual and temporary workers-to enrol without facing inspections or demands for past can register their units and employees digitally through ESIC portal, Shram Suvidha and MCA portal. Registration will be considered valid from the date declared by the employer. No contribution or benefit will apply for periods prior to inspection or demand for past records will be made for the pre-registration scheme encourages voluntary compliance by removing the fear of retrospective penalties and easing the registration process. Prior to SPREE, non-registration within specified timeframes could result in legal action and a demand for backdated 2025 addresses these barriers, aiming to bring left-out establishments and workers into the ESI fold and ensure broader social simplifying the registration process and offering immunity from retrospective liabilities, the scheme not only encourages employers to regularize their workforce but also ensures that more workers, especially those in contractual sectors, gain access to essential health and social benefits under the ESI introduced in 2016, SPREE has facilitated the registration of over 88,000 employers and 1.02 crore employees.
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Business Standard
12 hours ago
- Business
- Business Standard
ESIC launches SPREE 2025 to expand social security coverage for workers
The Employees' State Insurance Corporation (ESIC) has rolled out Scheme for Promotion of Registration of Employers and Employees (SPREE) 2025 to expand its social security coverage, an official statement said. The corporation approved SPREE 2025 during its 196th meeting in Shimla on June 27 under the chairmanship of Labour & Employment Minister Mansukh Mandaviya. The scheme will be active from July 1 to December 31, 2025 and provides one-time opportunity for unregistered employers and employees including contractual and temporary workers to enrol without facing inspections or demands for past dues. Employers can register their units and employees digitally through ESIC portal, Shram Suvidha and MCA portal. Registration will be considered valid from the date declared by the employer. No contribution or benefit will apply for periods prior to registration. No inspection or demand for past records will be made for the pre-registration period. The scheme encourages voluntary compliance by removing the fear of retrospective penalties and easing the registration process. Prior to SPREE, non-registration within specified timeframes could result in legal action and a demand for backdated dues. SPREE 2025 addresses these barriers, aiming to bring left-out establishments and workers into the ESI fold and ensure broader social protection. By simplifying the registration process and offering immunity from retrospective liabilities, the scheme not only encourages employers to regularize their workforce but also ensures that more workers, especially those in contractual sectors, gain access to essential health and social benefits under the ESI Act. Originally introduced in 2016, SPREE has facilitated the registration of over 88,000 employers and 1.02 crore employees.
Arabian Business
a day ago
- Business
- Arabian Business
Dubai Holding signs new deal with Select Group for Palm Jebel Ali development
Dubai Holding and Select Group have entered a new agreement to develop projects at Palm Jebel Ali and Dubai Design District (d3). The deal marks Dubai Holding's first strategic land sale with a third-party developer at Palm Jebel Ali. The partnership involves Emirates Strategic Investments Company LLC (ESIC) as Select Group's joint venture partner, the Dubai Media Office said in a statement. Dubai Holding, Select Group forge strategic deal Dubai Holding operates as a diversified global investment company with investments in more than 30 countries, while Select Group functions as a multi-discipline real estate development and investment group. Select Group will develop two large-scale developments under the agreement. At Palm Jebel Ali, the company will create residential and hospitality offerings for waterfront lifestyles. The d3 project will serve as a mixed-use community that combines culture, innovation and urban living in Dubai's creative hub. Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said: 'Palm Jebel Ali is an iconic development poised to elevate Dubai's global reputation as a premier waterfront destination. By joining forces with Select Group, we are delivering on the leadership's vision of creating a world-class coastal destination that sets new standards in luxury residential and hospitality experiences. This partnership reaffirms our commitment to consolidating the emirate's position as a globally renowned lifestyle and investment destination.' Rahail Aslam, Chairman of Select Group, added: 'Dubai continues to cement its position as a global destination for investment, innovation, and quality living. This acquisition represents an important step in our ongoing strategy to deliver exceptional developments in key growth corridors. We are incredibly excited about what we will be bringing to market in both Palm Jebel Ali and d3 – two unique locations that align perfectly with our brand ethos of waterfront location, quality, sophistication and long-term value creation.' The deal continues Select Group's expansion into design-forward projects that target global residents and investors seeking environments beyond conventional definitions of luxury. Each development will contribute to Dubai's urban identity evolution. Select Group's portfolio includes Six Senses Residences The Palm, Dubai, Peninsula in Business Bay and Six Senses Residences Dubai Marina. The company has established its position as one of the UAE's private developers through the delivery of destinations. Palm Jebel Ali spans seven islands across 13.4 kilometres and features 16 fronds and over 90 kilometres of beachfront. The development marks the beginning of a growth corridor in the Jebel Ali area, supporting the emirate's expansion under the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda D33. The development includes mixed-use pedestrian-friendly neighbourhoods with views of the Arabian Gulf. Dubai Design District (d3) operates as a global creative ecosystem and destination for design talent worldwide. The district offers views of the Dubai skyline including Burj Khalifa and reinforces Dubai's status as the first city in the Middle East to receive UNESCO Creative City of Design designation.
Zawya
a day ago
- Business
- Zawya
Dubai Holding enters strategic agreement with Select Group to develop landmark projects at Palm Jebel Ali, Dubai Design District
Dubai Holding and Select Group, a leading multi-discipline real estate development and investment group along with its long-standing JV partner Emirates Strategic Investments Company LLC (ESIC), have entered a strategic agreement to develop landmark projects at two of the most iconic locations in Dubai, Palm Jebel Ali and Dubai Design District (d3). The milestone agreement marks Dubai Holding's first strategic land sale with a third-party developer at Palm Jebel Ali, underscoring its commitment to unlocking long-term value across its world-class master developments. This landmark transaction reinforces a shared vision to create dynamic communities that strengthen Dubai's position as a global destination of choice. Select Group will develop and deliver two transformative large-scale developments. At Palm Jebel Ali, the Group will create upscale residential and hospitality offerings that establish new benchmarks for luxury waterfront lifestyles in this world-class destination. Meanwhile, the d3 project will serve as a vibrant mixed-use community, seamlessly blending culture, innovation and contemporary urban living in one of Dubai's most creative hubs. Commenting on the partnership, Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said, 'Palm Jebel Ali is an iconic development poised to elevate Dubai's global reputation as a premier waterfront destination. By joining forces with Select Group, we are delivering on the leadership's vision of creating a world-class coastal destination that sets new standards in luxury residential and hospitality experiences. This partnership reaffirms our commitment to consolidating the emirate's position as a globally renowned lifestyle and investment destination.' Rahail Aslam, Chairman of Select Group, added, 'Dubai continues to cement its position as a global destination for investment, innovation, and quality living. This acquisition represents an important step in our ongoing strategy to deliver exceptional developments in key growth corridors. We are incredibly excited about what we will be bringing to market in both Palm Jebel Ali and d3 – two unique locations that align perfectly with our brand ethos of waterfront location, quality, sophistication and long-term value creation.'
Khaleej Times
2 days ago
- Business
- Khaleej Times
Dubai: Palm Jebel Ali to get more residential, hospitality units
Palm Jebel Ali will get upscale residential and hospitality offerings, in Dubai Holding's first land sale with a third-party developer at the iconic destination. A large-scale project will also be developed at Dubai Design District (d3), with the area serving as a vibrant mixed-use community, seamlessly blending culture, innovation and contemporary urban living. This comes as part of a strategic agreement between Dubai Holding and Select Group, along with its long-standing JV partner Emirates Strategic Investments Company LLC (ESIC). Design and planning phases for both projects are underway, with further details regarding project specifics and timelines to be announced soon. Palm Jebel Ali's seven islands span 13.4km and feature 16 fronds and over 90 kilometres of beachfront, marking the beginning of a new growth corridor in the Jebel Ali area. The landmark development is designed with several mixed-use pedestrian-friendly neighbourhoods offering panoramic views of the Arabian Gulf. d3 is a global creative ecosystem and the destination of choice for design talent from around the world. Offering stunning views of the Dubai skyline including the iconic Burj Khalifa, d3 reinforces Dubai's status as the first city in the Middle East to be designated a UNESCO Creative City of Design. Khalid Al Malik, CEO of Dubai Holding Real Estate, said: 'Palm Jebel Ali is an iconic development poised to elevate Dubai's global reputation as a premier waterfront destination. By joining forces with Select Group, we are delivering on the leadership's vision of creating a world-class coastal destination that sets new standards in luxury residential and hospitality experiences." Rahail Aslam, Chairman of Select Group, added: 'We are incredibly excited about what we will be bringing to market in both Palm Jebel Ali and d3 – two unique locations that align perfectly with our brand ethos of waterfront location, quality, sophistication and long-term value creation.' This strategic deal forms a continuation of Select Group's deliberate expansion into high-impact, design-forward projects that meet the needs of a new generation of global residents and investors seeking immersive environments that go beyond the conventional definitions of luxury. Select Group has a distinguished track record that includes The Palm, Dubai, Peninsula in Business Bay and the newly launched Six Senses Residences Dubai Marina.
