New Delhi-The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval for signing the Agreement on Social Security between the Republic of India and the Federative Republic of Brazil.
The idea to ink pacts on social security programmes with BRICS nations was discussed at the meetings of the BRICS Labour& Employment Ministers held on 9 June 2016 in Geneva and on 27-28 September 2016 in New Delhi, respectively.
At present, about 1,000 Brazilians are living in India, while about 4,700 Indians are living in Brazil. All posted/detached workers and self-employed persons will benefit from this proposal without any discrimination. Thus, it would promote equity and inclusiveness. Export of Social Security benefits of Indian workers after their relocation from Brazil is an innovative arrangement to ensure that there is no loss of social security benefits and also adds to the competitiveness of Indian companies by reducing their overall costs.
