Zomato Parent Eternal Ltd Welcomes New Labour Codes, Says Impact on Business Will Be Manageable

The Code requires aggregators to contribute 1 to 2 percent of their annual turnover for the welfare of gig workers. This contribution will be limited to five percent of the amount paid to gig and platform workers.

Eternal said, "The unification of labor laws provides clearer, more uniform, and consistent rules that support both the country and our ecosystem. One of these four labor codes, the Code on Social Security, 2020 (CoSS), helps strengthen social security access for gig workers across the country, including those who power our Zomato and Blinkit businesses."

A unified, nationwide framework under the new labor codes is crucial for gig workers. It provides them with a number of options. Furthermore, the new labor codes also promote ease of doing business for platforms. Overall, this is a step in the right direction.

Eternal said it is fully committed to the well-being of gig workers and already provides comprehensive insurance and welfare benefits to its gig workers free of charge. "We are committed to supporting measures that further improve outcomes for gig workers and therefore welcome this announcement," the company said.