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labour: Budget 2021: FM races to fix flaws in labour model


Synopsis
The Finance Minister Nirmala Sitharaman’s first post-Covid budget had several measures to bring the unorganised working class into the mainstream economic fold.
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The FM, while observing that the country’s Social Security Code 2020 has made provision for universalisation of social security for the entire workforce.
Thanks to the pandemic, the Union Budget 2021-22 not only recognized the vulnerabilities typical of the country’s migrant, gig and platform workers but has also offered some solutions.
In her first post-Covid budget speech, the Finance Minister Nirmala Sitharaman announced that for the first time globally, social security benefits will extend to gig and platform workers. The FM also announced various other measures to help the migrant workers in the country. ....

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MSMEs hail Budget 2021 proposals as steps in right direction to boost growth


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MSMEs hail Budget 2021 proposals as steps in right direction to boost growth
Micro, small and medium enterprises (MSME) sector has hailed the Budget 2021 proposals as steps in the right direction to boost the growth and address the needs of the unorganized labour force. MSME s Association of Industries president Pramod Dafaria said that the proposal to launch a portal to collect relevant information on gig workers, building/construction workers, among others is an important step as it will help formulate health, housing, skill, insurance credit and food schemes for migrant workers.
We are hopeful that the provision of Rs 15,700 crore in the budget will majorly benefit the small-scale industries, Pramod said. ....

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