Labour ministry notifies draft rules under Code on Social Security 2020

The Union Ministry of Labour and Employment has notified the draft rules under the Code on Social Security, 2020, inviting objections and suggestions, if any, from the stakeholders.

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Key-Points

The draft rules also provide for Aadhaar based registration including self-registration by unorganised workers, gig workers and platform workers on the portal of the Central Government.

The rules further provide for Aadhaar based registration of Building and Other Construction Workers on the specified portal of the Central Government and the State Government or the State Welfare Board.

Provision has also been made in the rules regarding gratuity to an employee who is on fixed term employment.

The rules also provide for single electronic registration of an establishment including cancellation of the registration in case of closure of business activities.

Provision has also been made regarding manner and conditions for exiting of an establishment from EPFO and ESIC coverage.

The procedure for self-assessment and payment of Cess in respect of building and other construction workers has been elaborated in the rules.

The rate of Interest for delayed payment of such cess has been reduced from 2 per cent every month or part of a month to 1 per cent.