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Monday, February 10, 2025

Finance Minister Proposes ID Cards for Gig Workers, UPI-Linked Credit Cards for Street Vendors


Finance Minister Nirmala Sitharaman, in her Budget speech immediately, introduced that her authorities will present ID playing cards to gig staff. Gig staff can even be supplied entry to healthcare by way of a social safety scheme.

She mentioned her authorities will spend money on road distributors and on-line and concrete staff. Gig staff of on-line platforms to be supplied with identification playing cards and registration on e-Shram portal.

PM SVANidhi scheme to be revamped with enhanced loans from banks, UPI linked bank cards with Rs 30,000 restrict, and capability constructing assist can be ensured.

A committee comprising representatives from varied stakeholders had been constituted to recommend a framework for offering social safety and welfare advantages to gig and platform staff.

The Ministry of Labour and Employment had issued an advisory to aggregators to register themselves and platform staff engaged with them on the e-Shram portal.

Gig staff and platform staff have been outlined for the primary time within the Code on Social Security 2020, which has been enacted by the Parliament. Social Security and Welfare associated provisions for the gig and platform staff have been talked about within the Code.

The Code supplies for framing of appropriate social safety measures for gig staff and platform staff on issues regarding life and incapacity cowl, accident insurance coverage, well being and maternity advantages, previous age safety, and so forth.

In her funds speech, she mentioned Budget 2025 continues the federal government’s efforts to speed up development, inclusive growth, personal sector investments, uplift family sentiments, and improve the spending energy of India’s rising middle-class.

The funds session of parliament started on January 31 and, in accordance with schedule, will finish on April 4. The funds speech outlined the federal government’s fiscal insurance policies, income and expenditure proposals, taxation reforms, and different important bulletins.

With this Budget Presentation, Sitharaman has introduced her eighth funds.

India’s economic system is projected to develop between 6.3 per cent and 6.8 per cent within the subsequent monetary 12 months 2025-26, mentioned Economic Survey 2024-25, tabled in Parliament on Friday.

In one other key steerage, the Economic Survey recommended that India must develop round 8 per cent for a decade or two to realize its Viksit Bharat desires, at a time when the nation’s development confirmed weak progress within the first two quarters of the present monetary 12 months.



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