Topic
social security
Finance India Proposes Universal Provident Fund for Gig Workers and Self-Employed
The Employees' Provident Fund Organisation (EPFO) is working on a universal provident fund scheme for unorganised sector workers, gig workers, and the self-employed. The scheme would allow flexible contributions, tax benefits similar to EPFO, and a systematic withdrawal plan. If implemented, it could be one of the most significant expansions of India's social security framework.
Trade India-UK social security pact to slash costs for firms; up to 95% of Indian professionals to gain
The India-UK social security pact, effective July 15 alongside the free trade agreement, will exempt 90-95% of Indian professionals in the UK from dual contributions. The move is expected to lower employment costs for Indian companies and strengthen IT and professional services sectors.
Business India's Gig Workforce Spurs Social Security Initiatives
India's gig workforce is projected to grow to 2.5 crore by 2030, prompting government initiatives for social security schemes. The e-Shram portal will play a key role in managing benefits for gig workers.