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Hare Krishna - Service Provider of tally accounting software, tpa third party administrator service & esic employees state insurance act services in Jaipur, Rajasthan.
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Tally Accounting Software
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Tally is popularly known as an accounting software for small and medium
businesses. It does all the functions of accounting that a particularly
mid sized business has. This is the view of most of the persons who know
about Tally. But Tally does much more than that. Tally is not just an
accounting software. After the release of ERP version of Tally, the
capability and functioning of Tally is much more widened and extended to
a great extent. Now along with the introduction of GST (Goods and
Services Tax) in India, Tally will be used by more people than before.
The reason for this is for most of the general public, Tally is a go to
software for accounting and that is because of the simplicity of the
Tally in itself.
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TPA Third Party Administrator Service
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A third-party administrator (TPA) is an organization that processes
insurance claims or certain aspects of employee benefit plans for a
separate entity. It is also a term used to define organizations within
the Insurance industry which "administer" other services such as
Underwriting, Customer Service and the like. This can be viewed as
"outsourcing" the administration of the claims processing, since the TPA
is performing a task traditionally handled by the company providing the
insurance or the company itself. Often, in the case of insurance
claims, a TPA handles the claims processing for an employer that
self-insures its employees. Thus, the employer is acting as an insurance
company and underwrites the risk. The risk of loss remains with the
employer, and not with the TPA. An insurance company may also use a TPA
to manage its claims processing, provider networks, utilization review,
or membership functions. While some third-party administrators may
operate as units of insurance companies, they are often independent.
Third-party administrators also handle many aspects of other employee
benefit plans such as the processing of retirement plans and flexible
spending accounts. Many employee benefit plans have highly technical
aspects and difficult administration that can make using a specialized
entity such as a TPA more cost effective than doing the same processing
in house.
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ESIC Employees State Insurance Act Services
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The promulgation of Employees' State Insurance Act, 1948(ESI Act), by
the Parliament was the first major legislation on social Security for
workers in independent India. It was a time when the industry was still
in a nascent stage and the country was heavily dependent on an
assortment of imported goods from the developed or fast developing
countries. The deployment of manpower in manufacturing processes was
limited to a few select industries such as jute, textile, chemicals etc.
The legislation on creation and development of a fool proof
multi-dimensional Social Security system, when the country's economy was
in a very fledgling state was obviously a remarkable gesture towards
the socio economic amelioration of a workface though limited in number
and geographic distribution. India, notwithstanding, thus, took the lead
in providing organized social protection to the working class through
statutory provisions.
The ESI Act 1948, encompasses certain health related
eventualities that the workers are generally exposed to; such as
sickness, maternity, temporary or permanent disablement, Occupational
disease or death due to employment injury, resulting in loss of wages or
earning capacity-total or partial. Social security provision made in
the Act to counterbalance or negate the resulting physical or financial
distress in such contingencies, are thus, aimed at upholding human
dignity in times of crises through protection from deprivation,
destitution and social degradation while enabling the society the
retention and continuity of a socially useful and productive manpower
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