New Delhi, Nov 22 (NationPress) Digital platforms expressed their approval on Friday regarding the government's initiative to roll out the revised labour codes. They believe these reforms will significantly enhance social security provisions for gig and platform workers while establishing a more transparent and supportive regulatory environment for the industry.

Zomato's parent company, Eternal Limited, stated that the introduction of these new codes will facilitate broader social security access for gig workers engaged in their food delivery and rapid-commerce services.

The company also indicated that it does not foresee any adverse financial implications from the new regulations, particularly the Code on Social Security (CoSS), on the long-term viability of its operations.

In a formal communication, the business mentioned that detailed financial and operational implications would be clarified once the government announces the related Rules.

"The unification of labour laws presents clearer, standardized, and consistent guidelines, benefiting both the nation and our ecosystem," the company remarked.

"One of these four labour codes is the Code on Social Security, 2020 (CoSS), which aims to bolster social security access for gig workers throughout the country, including those supporting our Zomato and Blinkit services," it further stated in its communication.

Eternal has been in dialogue with the government for several years, preparing to implement these contributions.

"At Eternal, we prioritize the well-being of gig workers and currently offer a variety of comprehensive insurance and welfare benefits at no cost. We are dedicated to supporting initiatives that further enhance outcomes for gig workers, and thus, we welcome this announcement," the parent company of Zomato conveyed.

Meanwhile, Amazon has expressed its support for the government's objectives behind these reforms, noting that the Code on Social Security aligns with its commitment to employee safety and welfare.

The government has officially announced four new labour codes, which replace and consolidate 29 previous labour laws.

The Industrial Relations Code, the Code on Wages, the Occupational Safety, Health and Working Conditions Code, and the Code on Social Security collectively aim to formalize employment and streamline labour regulations to be more globally aligned.

This marks the first time Indian legislation has defined terms such as "gig work," "platform work," and "aggregators." Under these new regulations, aggregators will be obligated to contribute 1–2 percent of their annual revenue towards the welfare of gig and platform workers, with the contribution capped at 5 percent of the payments made to these workers.