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What are the Benefits to Indian workers in Social Security Code ?
The social safety related laws had indeed become outdated in today’s environment. For example, online platform workers such as Ola, Uber etc. were not covered in the previous laws. The Social security code Bill, 2019 covers all those workers.
On similar line of merging 44 labour laws into 4 labour codes, the bill, by merging previous 8 laws related to labour, makes more simplification of laws.
Under the Code, the central government may notify various social security schemes for the benefit of workers. These include an Employees’ Provident Fund (EPF) Scheme, an Employees’ Pension Scheme (EPS), and an Employees’ Deposit Linked Insurance (EDLI) Scheme.
Select the correct statement.
1 and 2
2 and 3
1 and 3
1, 2 and 3
Only statements 1&3 are correct.
A total of 29 labour laws which have remained unchanged since Independence will now be codified into the four new labour codes, namely Industrial Relations Code, Code on Wages, Occupational Safety, Health and Working Conditions Code, and Social Security Code.
Benefits to Indian workers-
The ambit of this social security code is truly large as it covers not only the number of employees which an organization has (if it more than 10, it will come under the social security laws) but the workers involved in hazardous nature of work will be also be covered under the act.
At the same time, through code on social security, the regulatory regime would be less problematic for the employers and employees. For example, an inspector, under the new code, cannot open an EPFO (Employees’ Provident Fund Organisation) record of more than five years.
On similar line of merging 29 labour laws into 4 labour codes, the bill, by merging previous 9 laws related to labour, makes more simplification of laws i.e. Code on Social Security
Hence option 3rd is correct.
By: Yachna ProfileResourcesReport error
PARTH SARTHI
29 laws are merged
Corrected
Diksha garg
Sir u taught us 9 laws are merging. Please correct me sir
skj
Point 2 is correct but I believe it has nothing to do with the benefits to Indian workers in social Security code.
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