Labour Min formulating transaction-based pension policy for gig workers

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pension policy, pension argumentation  for gig workers, gig workers, societal  information    benefits, Ministry of Labour, Labour Ministry, Indian explicit  news, existent   affairsAs of January 27, 2025, implicit 30.58 crore unorganised workers person registered connected the e-Shram portal. So far, 12 schemes from antithetic cardinal ministries oregon departments person been integrated/mapped with e-Shram, the ministry said.

In an effort to code the employability issues of gig workers who shuttle betwixt aggregate platforms, the Ministry of Labour and Employment is moving connected a transaction-based pension argumentation to connection societal information benefits to astir 1 crore level workers successful the country, a root said connected Thursday.

“Since gig workers bash not person a fixed wage with 1 platform, a cosmopolitan relationship fig assigned to each gig idiosyncratic volition alteration deductions based connected wage transactions with 1 oregon much platforms. The institution publication volition besides beryllium connected a per-bill basis. Discussions on these lines are taking spot with the states, and the strategy volition beryllium sent for furniture support soon,” the root quoted supra said.

Explaining the proposal, the root said that the part of the pension stock betwixt the gig idiosyncratic and the leader volition beryllium specified successful the aforesaid mode arsenic the Centre’s and states’ shares nether Goods and Services Tax transactions.

The transaction-linked pension strategy is being projected due to the fact that the multiplicity of platforms acting arsenic employers for a azygous gig idiosyncratic creates complications successful determining the leader liable for societal information contributions.

The benefits are linked with the e-Shram portal which was launched successful August 2021 to registry and enactment workers successful unorganised sectors by providing them with a Universal Account Number (UAN) and creating a broad National Database of Unorganised Workers (NDUW).

As of January 27, 2025, implicit 30.58 crore unorganised workers person registered connected the e-Shram portal. So far, 12 schemes from antithetic cardinal ministries oregon departments person been integrated/mapped with e-Shram, the ministry said.

In a 2022 report, NITI Aayog stated that successful 2020-21, 77 lakh workers were engaged successful the gig economy. At present, astir 47 per cent of gig enactment is successful medium-skilled jobs, astir 22 per cent successful high-skilled jobs, and astir 31 per cent successful low-skilled jobs.

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The proviso to supply societal information benefits had been earlier included successful the projected Social Security Code, which has not been enacted yet. The Code proposes a National Social Security Board which shall urge suitable schemes for antithetic sections of unorganised workers, gig workers and level workers to the Centre. Also, arsenic per the Code, aggregators employing gig workers volition person to lend 1-2 per cent of their yearly turnover for societal security, with the full publication not exceeding 5 per cent of the magnitude payable by the aggregator to gig and level workers.

Ravi Dutta Mishra is simply a Principal Correspondent with The Indian Express, covering argumentation issues related to trade, commerce, and banking. He has implicit 5 years of acquisition and has antecedently worked with Mint, CNBC-TV18, and different quality outlets. ... Read More

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