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SC's ₹30,000 homemaker benchmark may lift accident compensation payouts
A Supreme Court ruling has assigned a notional monthly value of ₹30,000 to unpaid household work. This decision is expected to significantly increase compensation payouts in motor accident claims. Insurers will likely need to reassess their reserves for third-party claims. The ruling recognizes the economic contribution of homemakers, potentially leading to higher awards in death and injury cases.
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3 prospettive sulla stessa storiaTimeline cronologica
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thehindu.com
Why did the SC quantify labour of homemakers? | Explained
The Supreme Court quantifies homemakers' unpaid labor, establishing a minimum compensation value for motor accident claims to recognize their vital contributions.
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thehindubusinessline.com
SC ruling: Pitfalls of putting a price on care work
A notional income for homemakers is a progressive step. But to put a value to their work, labour policies and social norms need to change
