Gig Economy in India: Scope for Policy Regulations & Interventions

The COVID crisis has brought out one of the major downsides of the gig economy. With the current model that majorly favors the employers and has no protection for the employee in times of crisis, it is uncertain that the gig economy can survive without major policy interventions regarding incentives for employees and regulations for employers. For the gig economy to flourish sustainably in India, an affirmative policy push is required in the direction of providing a fiscal stimulus by bringing in some characters of the ‘minimum rights approach’ of the EU. With the COVID crisis leading to the loss of physical jobs and questioning the nature of work, it seems like an apt juncture to find the right amount of regulation for the gig economy in India. (more…)

Need for modifications in the provisions of the Code on Social Security, 2020

Information about the issue:

The Code on Social Security, 2020, widens the ambit of social security policies by including employees and workers of both organised and unorganised sectors, which is a crucial step in the right direction for ensuring social security for all. The Code promises to pioneer the rights of employees in a sector agnostic manner by extending effective policies for guaranteeing social security. While it has paved the way for affecting the much needed change in India’s social security policies, there is scope for improving the language of the provisions of the Code for ensuring that it achieves the desired results. In the absence of such modifications in the specific provisions, it runs the risk of misinterpretation which can adversely impact the same rights that the Code otherwise sets out to reinforce. (more…)

The Draft Social Security Code, 2019: Illusion of Benefits for India’s Workforce?

By Abhiudaya Verma, Research Associate, Policy

With layoffs and pay-cuts starting in various firms all over the world, most economists are of the view that the economic crisis due to corona could be as bad as the 2008 financial crisis and that recession is inevitable. Experts also urged various Indian companies to avoid layoffs and pay cuts on humanitarian grounds and to provide a sense of security to their employees. But the neo-liberal world has imperilled the Welfare State values and in a pro-market economy it seems highly unlikely that firms would adopt the humane approach and face greater losses. In such times, it is the labour and social security laws that provide relief to the workforce of the country. The Government of India aims to bring a new labour legislation that would merge 44 labour laws under four categories– wages, social security, industrial safety & welfare, and industrial relations. The recent Social Security Code Bill, 2019 is one among the four consolidated laws.  (more…)