AGGREGATORS WELFARE FUND
Telangana implements gig worker rules, mandates minimum pay, social security benefits
The Telangana government has launched the Telangana Platform-Based Gig Workers Rules, which establish rights for gig workers. Chief Minister A Revanth Reddy introduced the legislation during a ceremony with Rahul Gandhi in Hyderabad. The new rules include provisions for social security benefits, minimum remuneration, and protection against arbitrary account deactivation. Shaik Salauddin from the Telangana Gig and Platform Workers Union emphasized the need for effective implementation of these rights.
States' capital outlay to accelerate to 10-12% on Centre support in FY27, urban infra to lead: Crisil
States' capital expenditure is projected to rise 10-12% to around Rs 8.5 lakh crore in FY27, driven by higher central assistance and greater fiscal flexibility, according to a Crisil Ratings report. Increased allocation under the SASCI scheme is expected to support infrastructure spending, particularly urban development, roads and bridges.
ETtech Explainer: Food delivery, ride-hailing firms differ on gig worker welfare levy calculation
Food delivery and quick-commerce companies such as Zomato and Swiggy are seeking a levy based on the value of transactions facilitated through their platforms, while cab and bike-taxi aggregators such as Uber and Rapido want it to be calculated on their own turnover rather than the total value of rides facilitated.
Premji's deeptech bets; Razorpay gets IPO nod
Happy Thursday! Premji Invest is stepping up its bets on defence and aerospace manufacturing.This and more in today’s ETtech Morning Dispatch.
Centre sets up social security board to frame welfare schemes for gig workers
In a significant move, the Ministry of Labour and Employment has initiated the National Social Security Board, designed to improve welfare for unorganised and gig economy workers. This board will advise on the rollout and supervision of important social security programs. Scheduled to meet three times annually, it will also manage policy discussions and oversee the financial aspects of the Social Security Code.
Gig workers get a seat at the table as Centre notifies social security boards
The Ministry of Labour and Employment has notified the National Social Security Board for unorganised workers and gig workers. This board will enable the implementation of welfare schemes designed to address social security gaps. It will include representatives from government, companies, and civil society to ensure diverse input. The board is expected to meet regularly to discuss policies affecting these workers.
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Karnataka gig workers seek implementation of welfare schemes
In a letter to the board’s chief executive officer, Indian Federation of App-based Transport Workers (IFAT) and Karnataka App-based Workers Union (KAWU) sought immediate rollout of health and accident insurance, income support during medical emergencies and temporary disablement, maternity benefits, scholarships for children of platform workers and an emergency distress fund.
Tata Trusts pitch Tata Sons restructuring as alternative to listing
Tata Trusts have proposed merging Tata Electronics Systems Solutions and Tata Consulting Engineers with Tata Sons to alter its regulatory classification and preserve its unlisted private status. The Trusts said the restructuring would increase operating revenue and reduce investments in group companies, potentially taking Tata Sons outside the NBFC and CIC frameworks.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos may rally over 21%, according to analysts
With the US market shedding weight overnight, the probability is high that Thursday will see another day of choppy trading. The best way to deal with such volatile conditions is to sit it out and let clarity emerge. Alternatively, turn into a real long-term investor.
Gig-worker levy: Turnover-linked formula seen as more proportionate than transaction-based levy, say Analysts
India’s proposed social-security contribution model for gig workers could have vastly different effects across platforms. Analysts say a payout-linked levy could disproportionately hit high-volume ride-hailing businesses, potentially exceeding their turnover, while a turnover-based formula would better reflect an aggregator’s economic capacity.
Block deals test valuations; gig platforms quit welfare board
Happy Friday! Block deals are putting startups’ private valuations to the test. This and more in today’s ETtech Morning Dispatch.
Karnataka gig workers' law: Platforms deposit welfare fee with HC ahead of deadline
Ecommerce firms have deposited a mandated welfare fee with the Karnataka High Court. This action complies with the court's interim order regarding gig worker welfare. Platforms deposited the fee by the July 23 deadline for the April-June quarter. The court's order aims to balance interests of all parties involved. The next hearing for this case is scheduled for August 14.
Karnataka HC judge recuses from hearing gig worker welfare law petitions
Justice Suraj Govindaraj recused himself from hearing petitions challenging Karnataka's gig worker law due to a potential conflict of interest. The law, aimed at providing social security, is contested by industry bodies like IAMAI and platform aggregators. They argue it conflicts with national legislation and raises concerns about duplicate financial obligations and unnotified adjustment mechanisms for welfare fees.
Platforms, IAMAI move Karnataka HC against gig workers welfare law
The petitions come after the state government did not respond to IAMAI's request to defer the levy of the gig workers' welfare fee until the Centre and the state evolve a mechanism to offset contributions under their respective laws, and notify specific welfare schemes for gig workers.
Govt to roll out social security schemes for gig workers; e-Shram integration deadline set for June 22
The Indian government is set to provide social security benefits to gig and platform workers. These benefits will include accident insurance, health coverage, and old-age protection. Platform companies must integrate their worker data with the e-Shram portal by June 22. This initiative aims to secure the welfare of a rapidly growing workforce.
IAMAI urges Karnataka to defer gig worker welfare fee on ecomm firms till specifics are defined
Per the Karnataka Platform-based Gig Workers (Social Security & Welfare) Act, 2025, ecommerce operators are required to pay 1% of their commission, subject to a cap, to fund gig workers’ welfare.
Aggregators to pay 1% of commission for gig workers’ welfare in Karnataka
The fee, capped at 50 paise, 75 paise, and Re 1, depending on the business models of the platform, is expected to raise Rs 250-300 crore annually. It will benefit about five lakh gig workers across Karnataka, including 2.75 lakh in Bengaluru, working in ride-hailing, ecommerce, and food delivery.
News Labour Codes: Gig platforms to set aside 1-2% of turnover for worker welfare
New labour codes mandate online aggregators and marketplaces to contribute 1-2% of their annual turnover to a gig worker welfare fund. This move, impacting companies like Zomato, Swiggy, Uber, and Amazon India, aims to provide welfare benefits through an Aadhaar-linked Universal Account Number for gig and platform workers.
Internet marketplaces, aggregators to set aside 1-2% of annual turnover under new labour code
This will impact companies such as food delivery platforms Zomato and Swiggy, quick commerce apps like Blinkit and Zepto, domestic service companies like Urban Company and Snabbit, ride-hailing apps like Uber and Rapido, and ecommerce marketplaces such as Amazon India and Flipkart.
Karnataka Assembly passes gig workers social security Bill
The Bill establishes a welfare fund for gig workers and proposes a fee ranging from 1-5% on payouts to workers for each transaction, varying by aggregator category, said labour minister Santosh Lad, while tabling the Bill.
Karnataka Assembly passes Bill for welfare of gig workers
The Karnataka Legislative Assembly passed a Bill to safeguard gig workers' rights, mandating aggregators to ensure social security and safety. It proposes a welfare fee of 1-5% on each transaction, establishing a welfare board and fund. The bill also addresses unlawful building regularization, revises shipping fees, extends essential services maintenance, and strengthens cooperative deposit security.
Karnataka forms working groups to fix gig worker welfare levy, tech integration
With this, Karnataka is moving ahead to become the first southern state with a gig worker welfare board. The fee will be fixed at 1-5% of each payout made to the gig worker, with higher revenue-earning businesses, such as cab-hailing services, forking out more than others.
Telangana to introduce bill to protect gig workers, Cong says 'Shramik Nyay' part of central vision
Congress general secretary in-charge of communications Jairam Ramesh pointed out that Telangana is the third state to legislate on this matter, following Rajasthan and Karnataka.
Aggregators may face jail term if they fail to pay gig workers welfare fund in Telangana- Draft Bill
Telangana is set to introduce a welfare board for gig workers. A Draft Bill proposes a fee on aggregators to fund the board. Failure to pay could result in penalties. The government seeks public input on the bill. They aim to enact it by May Day. The board will address worker welfare and prevent discrimination.
Karnataka announces cess on transactions conducted through aggregator platforms to support gig workers
Addressing a press conference, Karnataka Labour Minister Santosh Lad said, "The Labour Department of Karnataka has decided to impose cess on every transaction on aggregator platforms like Zomato, Dunzo, Swiggy, Zepto, Ola and others such."
India needs national legal, social security architecture for gig workers: Congress
Congress is advocating for a national legal and social security framework for gig workers in India, highlighting Karnataka's proposed Gig Workers (Social Security and Welfare) Bill, 2024 as a milestone legislation. The bill aims to establish formal rights and social security for platform-based gig workers, including setting up a welfare fund and board, ensuring worker protection and payment regulations. Congress urges the Union Budget to address the growing gig worker population and provide justice through legislation.
Karnataka releases draft gig workers Bill; seeks comments from platforms, other stakeholders
Karnataka introduced draft Bill for app-based platforms to provide social security benefits to gig workers and sought public feedback. The Bill proposes fee on transactions and penalties for non-compliance. It aims to protect workers' rights and ensure basic social security. It is inspired by Rajasthan law and includes grievance redressal mechanism and prevention of illegal termination. the Bill promises welfare board, fund for gig workers. Discussions have been held with major platforms and International Labour Organisation for input.
Karnataka: Stakeholders pitch in with suggestions on unorganised and gig workers’ welfare Bill
The Bangalore Chamber of Industry and Commerce (BCIC) met with additional labour commissioner Manjunath Gangadhara, to present its inputs for the upcoming Bill on gig and platform workers' welfare. The new Bill seeks to regulate workers' service conditions and create a fund by setting up a Gig and Platform Workers Welfare Board, said Gangadhara.
The great gig no longer just in the sky
The steps taken by both governments are welcome and must be rolled out Asap. But there must be clarity on who will pay for the welfare fund. Ideally, it should be the gig platforms, and the Rajasthan government must ensure that it is not quietly passed on to consumers.
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