According to a senior government official, the plan, part of the Social Security Code enacted in 2020, could include accident, health insurance and retirement benefits.
India's experience with Coal Mines Provident Fund and Seamen's Provident Fund should lead us to ask if the idea of a centralised welfare fund is itself problematic, and prone to misuse.
Some platforms are pushing back against proposed fee they would have to pay for workers' welfare, while other industry bodies say that if done right, it could boost investment in economy.
Under the bill, online platforms will collect a surcharge of up to 2% on transactions & deposit it in a welfare fund to be run by workers, govt & industry representatives.
Investing in more capital than in employing labour can work in most countries. But India can't blindly emulate developed economies and reduce the amount of labour employed.
Entrepreneurs and tech talent from both sides of India-Pakistan border have been collaborating with each other for years now, but it’s still strictly hush-hush.
Gig workers, especially in start-up sector, will make up 4% of India’s total workforce by 2024, up from 1.5% in 2020-21, says report by financial platform StrideOne.
Gig workers deliver meals on bicycles in scorching heat not out of climate consciousness, but because they can't afford a motorcycle. And Zomato doesn't provide vehicles.
India should have secured greater savings by pressing Russia for prices nearer the cap while sustaining high volumes. This would have preserved strategic autonomy and served economic logic.
One such website has drawn particular scrutiny for spreading fake stories that have upset not only the Indian but also foreign defence firms by falsely attributing misinformation.
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