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What is Social security code Bill?
1.The Code on Social Security, 2019 is a system or instruction which will merge eight exiting labour laws.
2.The Bill proposes setting up a social security fund using corpus available under corporate social responsibility. This fund will provide welfare benefits such as pension, medical cover, death and disablement benefits to all workers, including gig workers.
Only 1
Only 2
Both 1 and 2
Neither 1 nor 2
The Code on Social Security (CoSS), 2020 was introduced by withdrawing the earlier Code of 2019. It has amended and consolidated the laws relating to employee’s social security with the goal to extend social security assistance to all employees & workers either in organized or unorganized sector or any other sectors.
The Bill proposes setting up a social security fund using corpus available under corporate social responsibility. This fund will provide welfare benefits such as pension, medical cover, death and disablement benefits to all workers, including gig workers.
Social security mainly refers to protection measures provided to the workers or employees to ensure their healthcare and income security in case of certain contingencies such as old age, maternity, mishappening or accidents. The CoSS has vibrant provisions with respect to social security benefits and also amalgamates, simplifies & rationalizes the relevant provisions of the following 9 central labour legislations:
Hence option 2nd is correct.
By: Yachna ProfileResourcesReport error
Shah
Not eight but nine central laws
Rectified
Khs kaushik
not eight its 9
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