There were some question marks raised over the entire reform procedure planned around the highly awaited social security code. However, there is some positive movement on this front. While the labour ministry plans to implement this social security code in 3 different phases over the next decade, there is a great likelihood of the ministry going ahead with the social security scheme before next year’s general elections.
As per this social security scheme, a social security cover will be provided to around 50 crore workers against 10 crore now. This populist measure is likely to offer retirement, health, unemployment, disability, maternity and old-age benefits to the targeted 50 crore workers. The labour ministry is going selective in its approach and the social security scheme is being treated as a priority.
Reference Source: Social Security Scheme likely to be Implemented Before General Elections