विज्ञप्तियां उर्दू विज्ञप्तियां फोटो निमंत्रण लेख प्रत्यायन फीडबैक विज्ञप्तियां मंगाएं Search उन्नत खोज
RSS RSS
Quick Search
home Home
Releases Urdu Releases Photos Invitations Features Accreditation Feedback Subscribe Releases Advance Search
home  Printer friendly Page home  Email this page
English Release 19-April 2014
Date Month Year
  • Prime Minister's Office
  • PM greets the nation on Easter
  • Min of Earth Science
  • Revised Earthquake of the Magnitude
  • Earthquake of Great Magnitude
  • Earthquake of Moderate Magnitude
  • Ministry of Finance
  • Central Board of Direct Taxes Issues Detailed Guidelines for Laying Down Standard Operating Procedure for Verification/Correction of Arrear Tax Demand
  • Central Board of Excise and Customs Issues Rate of Exchange of Foreign Currency to Indian Rupees in Case of Imported and Export Goods

Previous Date

 
Ministry of Overseas Indian Affairs26-November, 2012 18:12 IST
India and Sweden Sign Social Security Agreement

A social security agreement between India and Sweden was signed here today. The agreement was signed by Shri Vayalar Ravi, Union Minister of Overseas Indian Affairs from the Indian side and Mr. Ulf Kristersson, Minister for Social Security of Sweden from Swedish side. Speaking on the occasion, Shri Ravi said this agreement will help both the countries in more investment and work opportunities for nationals of India and Sweden. The Minister said this agreement will encourage more and more Indians to go to Sweden for employment opportunities. Mr. Kristersson said that 156 Swedish companies are operating in India and expressed the hope that this agreement will encourage Swedish people to come in large numbers to India. He said, India is the first Asian countries with which Sweden has signed this type of agreement.

The Social Security Agreement will enhance cooperation on social security between the two countries. The Agreement will provide following benefits to Indian nationals working in Sweden:

a) For short term contract up to two years, no social contribution would need to be paid under the Swedish law by the detached workers provided they continue to make social security payment in India.

b) The above benefits shall be available even when the Indian company sends its employees to Sweden from a third country.

c) Indian workers shall be entitled to the export of the social security benefit if they relocate to India after the completion of their service in Sweden.

d) The self-employed Indians in Sweden would also be entitled to export of social security benefit of their relocation to India.

e) The period of contribution in one contracting state will be added to the period of contribution in the second contracting state for determining the eligibility of social security benefits.

There are about 18,000 Overseas Indians in Sweden, most of whom are working as professional and self-employed. However, there is a huge potential for Indian workers to take employment in Sweden owing to the huge labour supply gap in the market. As such, a bilateral Social Security Agreement with Sweden is a significant requirement from the futuristic point of view to take advantage of the emerging employment opportunities and to strengthen the trade and investment between the two countries. India has singed similar agreements with Belgium, Germany, France, Switzerland, Netherlands, Luxembourg, Hungary, Denmark, Czech Republic, the Republic of Korea, Norway, Finland, Canada and Japan.

***


Samir/Db
(Release ID :89465)

Web Ratana This site is winner of Platinum Icon for 'Outstanding Web Content' Web Ratna Award'09 presented in April 2010
Site is designed and hosted by National Informatics Centre (NIC),Information is provided and updated by Press Information Bureau
"A" - Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi - 110 001 Phone 23389338
Go Top Top

उपयोग संबंधी शर्तें स्वोत्वाधिकार नीति गोपनीयता संबंधी नीति हाइपरलिंकिंग नीति Terms of Use Copyright Policy Privacy Policy Hyperlinking Policy