Four codes related to wages, industrial relations, occupational safety, health & working conditions, and social security, have been operationalised by the Centre.
If incorporated, professionals, who go from India to the US for short-term work of up to 3 years, as well as their employers, don’t have to pay double social security contributions.
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.
It is a great initiative by the Modi govt, but there are issues of overlapping definitions & how to make registration accessible to as many workers as possible.
Labour ministry accepts parliamentary panel’s recommendation to set up social security fund for gig and platform workers, to be paid for by aggregators.
Govt accepts Parliamentary panel suggestion to include workers with family income less than Rs 18,000/month, ‘so no one is left out of social security net’.
In FY 2025-26, AoN for 55 proposals amounting to Rs 6.73 lakh cr has been accorded by DAC. Both the quantum of AoN given and capital contracts signed, so far, have been the highest in any FY.
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