Draft Rules notified Under the Code on Social Security, 2020
Part of: GS Prelims and GS-II – Policies and Interventions
In news
Union Ministry of Labour and Employment has notified the draft rules under the Code on Social Security, 2020.
Key takeaways
The draft rules provide for Aadhaar based registration including self-registration by unorganised workers, gig workers and platform workers, Building and Other Construction Workers on the portal of the Central Government.
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 manners and conditions for exiting 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% every month or part of a month to 1%.
