Karnataka Assembly clears gig workers welfare bill, mandates 1–5%

The Karnataka Assembly has cleared the "Gig Workers' Welfare Bill," mandating a 1% welfare fee. This legislation is a significant step toward providing social security benefits to gig workers, including those working for platforms like Swiggy, Zomato, and Ola. The welfare fund, which will be financed by the platforms, will provide benefits such as health insurance, life insurance, and pension plans. This move is a crucial reminder to all businesses that they must be diligent in their dealings.