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Labour Laws
On-demand convenience firm Swiggy Ltd on Saturday termed the newly notified labour codes as a "transformative step" that will unlock far-reaching benefits for millions of workers. While supporting the government's vision of a modern and inclusive social security net, in a regulatory filing, Swiggy said it does not anticipate any material impact from the CoSS (the Code on Social Security, 2020) on its business sustainability, cost structure, or long-term financial performance. The government on Friday notified the four labour codes, which have rationalised 29 existing labour laws. These will formalise employment, strengthen worker protection, and make the labour ecosystem simpler, safer and globally aligned. Under the new codes, 'gig work', 'platform work', and 'aggregators' have been defined for the first time. The codes stipulate that aggregators employing gig workers must contribute 1-2 per cent of annual turnover to social security, with the total contribution not exceeding 5 per
International Labour Organization Director-General Gilbert F Houngbo has said social dialogue among government employers and workers will remain essential as the labour codes are implemented to ensure they are positive for workers and business. In a post on X, he said: "Following with interest developments of India's new Labour Codes announced today, including on social protection & minimum wages." In a landmark overhaul of labour laws, the government on Friday notified all four labour codes, ushering in major reforms, including universal social security coverage for gig workers, mandatory appointment letters for all employees, and statutory minimum wages and timely payment across sectors. Meanwhile, reacting to the labour codes, Sajja Praveen Chowdary, Director, Policybazaar for Business said making annual health checks mandatory for employees above 40 years marks an important shift in how organisations view workforce wellbeing. In the long run, this alignment of policy and ...
The Karnataka State IT/ITeS Employees Union (KITU) has called for a mass gathering of IT sector employees on March 9 here demanding stricter enforcement of labor laws and a healthy work-life balance. With the protest, the union aims to address concerns over excessive working hours, lack of overtime compensation, and the expectation for employees to be available beyond official working hours. The gathering is being organised under the slogan "A Healthy Work-Life Balance is Every Employee's Right". In a statement, KITU stated on March 13, 2024, that a memorandum was submitted to the Labour Minister, alleging that IT/ITES companies are not compensating overtime wages and are extending work hours beyond statutory limits. The union urged the government to investigate actual working hours and overtime payments. "But even after one year of multiple meetings and protests, there has been no concrete effort from the Government to regulate the working hours by ensuring the strict ...
The Ministry of Labour & Employment is working on a scheme to provide various benefits like social security to gig and platform workers in the country, a senior official said on Wednesday. Addressing the CII Global Economic Policy Forum, Union Labour Secretary Sumita Dawra said the labour code on social security has outlined social security benefits for them. "We are putting together the scheme for the gig and platform economy workers because there is no traditional employer-employee relationship defined for the gig and platform workers but we need to bring social security coverage for them so that they can be more productive and support the country's economy and the e-commerce and services sector more effectively," she said. In October, Union Labour Minister Mansukh Mandaviya said that a policy for providing social security benefits like pension and health services to gig and platform workers is under process. He had also said that Niti Aayog has estimated 65 lakh gig and ...