Swiggy has provided an update on its review of the Code on Social Security, 2020, emphasizing its commitment to supporting the Government’s vision of a modern and inclusive social-security net. The company highlights the potential benefits of the Code for millions of workers and its efforts to integrate new requirements seamlessly. Swiggy believes this unified framework will bring much-needed uniformity to all stakeholders.
Review of Social Security Code
Swiggy Limited has provided an update on its review of the Code on Social Security, 2020 (SSC), emphasizing the importance of regulatory developments. This voluntary disclosure reflects Swiggy’s commitment to keeping stakeholders informed.
Government’s Initiative
The Government of India is unifying and modernizing the social-security landscape by consolidating 29 central labor laws into four Labour Codes, which aims to modernize India’s social security system. This reform is restructuring India’s welfare and regulatory architecture, building an inclusive social-security framework that extends across formal employment and the platform economy.
Code on Social Security, 2020
The Code on Social Security, 2020 extends social-security access to platform and gig workers, bringing uniformity and clarity to all stakeholders. The framework simplifies and strengthens benefit access for workers on digital platforms, easing compliance for enterprises across geographies.
Collaborative Approach
The Government has emphasized a collaborative approach for implementing the Code, engaging with industry participants, platform companies, worker groups, and State governments. Swiggy welcomes this inclusive approach and has actively participated in industry dialogues, supporting the consultative process to ensure the final regulatory architecture is robust and scalable.
Commitment to Delivery Partners
Swiggy’s commitment to the welfare of delivery partners includes extending accidental insurance, health-insurance access, maternity benefits, and financial-resilience programs. These initiatives aim to support the platform economy responsibly and humanely.
Integration and Impact
Swiggy is strengthening its digital systems and internal processes to integrate the new requirements seamlessly and does not anticipate any material impact on its business sustainability, cost structure, or long-term financial performance.
Vision and Priorities
Swiggy remains committed to supporting the Government’s vision of a modern and inclusive social-security net and continues to prioritize the welfare, safety, and dignity of its delivery-partner community.
Source: BSE
