The Prime Minister of India, Narendra Modi stated that ‘Dignity of labour has to be our national duty; it has to be a part of our nature’, and on these lines, the four broad codes on Social Security, Wages, Industrial Relations, and Occupation, Health, Safety and Working Conditions have been passed by the Ministry of Labour and Employment. The current research paper exclusively focuses on the Social Security Code, 2020. Apart from the salaries received by the employees, it is a stated fact that employees must get the benefit of certain social securities like Pension, Maternity Benefits, etc as this increases employee commitment, loyalty, and satisfaction.
A total of 9 legislations were amalgamated and the new code is quite elaborate in nature. There are total 14 chapters in the code. The paper discusses all the chapters along with the salient features of the entire code. The researcher then points the differences between the old legislation and the new code. Further, after analysing the standing committee report, international legislations in this regard as well as briefing out Gender sensitive reforms, at the end of the paper, there is a mention of Suggestions and Recommendations.
The researcher has indulged in a detailed doctrinal research to come up with the potential solutions to the lacunae present in the Code. At the same time, the fact that the legislature consolidated the legislations after improvising on it shows a glimpse towards a newer India which does not only favour and protect the elite class but also smiles at the labour class.
Last but not the least, this paper was made during the researcher’s internship with the Women's Indian Chamber of Commerce & Industry under supervision of Ms. Umang Pathak, National President, Legal Awareness Council, WICCI. I thank them for the opportunity and the support.