The code on social security extends social security to ______.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4: Employees in the organized or unorganized sectors.
Explanation:
The primary objective of the Code on Social Security, 2020, is to simplify laws related to social security in India and to expand their scope.
This Code extends social security benefits not only to the organized sector but also to the unorganized sector, gig workers, and platform workers.
Its goal is to provide Universal Social Security so that every worker in the country can access pensions, medical care, and other benefits.
Additional Facts:
- Legal Reform: This Code has subsumed nine existing central labor laws—such as the EPF, ESI, Maternity Benefit, and Gratuity Acts—into a single framework.
- Unorganized Sector: This category includes workers who are not affiliated with any formal institution (e.g., daily wage laborers, agricultural workers, etc.).
- Gig and Platform Workers: 'Independent contractors' working for companies like Uber and Zomato have now, for the first time, been brought under the ambit of social security.
- Social Security Fund: The government has made provisions to establish a special 'Social Security Fund' for workers in the unorganized sector.
Potential Questions for Upcoming Exams:
Question: How many central labor laws, in total, has the Code on Social Security, 2020, replaced?
Answer: 9 labor laws.
Question: What is the meaning of the term 'Gig Worker,' who has been included in this new Code?
Answer: Workers who operate outside traditional employer-employee relationships (such as freelancers or on-call workers).
Question: In which year was the 'Unorganized Workers' Social Security Act' passed in India—an Act that has now been incorporated into this Code?
Answer: 2008.