The parliament passed three labour reform bills this week - the code on occupational safety, health and working conditions, the industrial relations code and the social security code. The social security code in fact is set to revamp the growing gig economy and will entail several changes for players like Zomato, Swiggy, Ola, Uber, Bigbasket, Amazon, Flipkart and several others.
The code entails a social security fund for the welfare of gig workers and proposes that aggregators, which include food delivery, grocery, e-tail and ride-sharing platforms among others, contribute a minimum of 1 percent of their annual turnover towards the fund, provided that it doesn't exceed 5 percent of the total amount payable to gig workers.
To discuss the labour codes further TN Hari, Head of Human Resources at Bigbasket and Lohit Bhatia, president at the Indian Staffing Federation is in conversation with Mugdha Variyar of Startup Street.
A Neobank for small business owners like kiranas, merchants, chemists, and others running proprietorships, Chqbook has launched a new mobile platform - 'Financial Control Center'. With this, Chqbook aims to bring quality financial services to small business owners. Chqbook's mobile app claims it will help them manage day-to-day financial requirements as well as provide access to other financial products. Startup Street is in conversation with Vipul Sharma, Founder and CEO of Chqbook to know more about the new mobile platform.
Ed-Tech startup Newton School recently announced that it has raised USD 650,000 dollars in the seed round from Nexus Venture Partners. Unacademy founders Gaurav Munjal, Roman Saini and Hemesh Singh, AngelList and other ed-tech founders participated in the round. Megha Vishwanath is joined by the Nishant Chandra, co-founder of Newton School.