Internet marketplaces, aggregators to set aside 1-2% of annual turnover under new labour code

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The new labour codes announced on Friday require online aggregators and marketplaces that rely on gig workers for tasks like deliveries and warehouse operations to allocate 1–2% of their annual turnover to a gig worker welfare fund.

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.

“Aggregators must contribute 1-2% of…



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Internet marketplaces, aggregators to set aside 1-2% of annual turnover under new labour code



The new labour codes announced on Friday require online aggregators and marketplaces that rely on gig workers for tasks like deliveries and warehouse operations to allocate 1–2% of their annual turnover to a gig worker welfare fund.

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.

“Aggregators must contribute 1-2% of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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