Social Security Code 2020: An Analysis

Abstract

Social security has been viewed in numerous countries as one of the most efficient ways of mitigating the economic insecurities of the working population. The sectors and people to whom such social security schemes apply have been a subject of much debate ever since the inception of the policies in India. In 2020, the Social Security Code was enacted with a view to amend and consolidate the laws relating to social security in India and to extend social security to all employees, either in the organized or unorganized or any other sector. This paper ventures into a detailed analysis of the Code, intending to lay out its salient features, new incorporations, lacunae, and to what extent the Code may practically serve the purpose of reducing the effects of economic shocks to the poor and the needy of the country. The paper also intends to analyze the various provisions of the Code with respect to the unorganized, gig, and platform workers and seeks to highlight its various shortcomings.