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Lok Sabha passed the Social Security Code, 2020

Lok Sabha passed Epidemic Diseases (Amendment) Bill, 2020

The Lok Sabha cleared three labour Bills amalgamating laws on social security, occupational safety and industrial relations which would usher in changes including allowing companies with less than 300 workers to hire and fire without prior approval and provide gig and platform workers social security.

Daily Current Affairs Quiz 2020

Key-Points

 Extending the reach of Employees’ State Insurance Corporation (ESIC): Effort have been made to provide right to health security under ESIC to maximum possible workers:-

Extending the reach of Employees’ Provident Fund Organisation (EPFO):

Provision has been made to formulate various schemes for providing comprehensive social security to workers in unorganised sector. A “Social Security Fund” will be created on the financial side in order to implement these schemes.

Work to bring newer forms of employment created with the changing technology like “platform worker or gig worker” into the ambit of social security has been done in the Social Security Code.

Provision for Gratuity has been made for Fixed Term Employee and there would not be any condition for minimum service period for this.

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