The government should speed up the implementation of the Social Security Code to support gig workers
Union budget 2022-23: 5% GST on car journeys booked online creates unequal competitive conditions between offline and online cars
Indian Union Budget 2022: India’s electric vehicle industry is expected to grow at an astronomical CAGR of 90% and reach $150 billion by 2030
It’s that time of year again: various industrial sectors are making fiscal wish lists in the hope that the government will loosen its purse strings and provide an adequate boost to growth. With infrastructure spending to stimulate the economy and increase employment high on the minds of policy makers, the government should not overlook the need to focus on businesses in the digital economy.
As India and the world seek to ease pandemic-related restrictions, the mobility sector will once again play a critical role in getting growth back on track. As we head into the new financial year, we envision an EU budget that will give due prominence to digital transformation and help maintain and create jobs and usher in investment, growth and economic dynamics.
Application of the Social Security Code to workers
The Code of Social Security (CoSS) passed by the Indian Parliament in 2020 makes India one of the first countries to establish a framework for nationwide social security benefits and protections for gig workers and platforms. He set a precedent by transforming what was a binary choice between full-time work and self-employment. In light of the pandemic and the process of economic recovery, we urge the government to expedite notification and implementation of the Code of Social Security (CoSS) to support gig workers. This will help provide timely support to workers with flexible work options contributing to overall economic recovery.
Incentives and easy financing options
The pandemic has seen an accelerated shift to digitizing services, and the mobility industry is no different. With more and more people using their smartphones to obtain services, the ridesharing industry is poised for a sharp rebound. An incentive-driven strategy that allows easy access to financing and bank loans for the purchase of vehicles will not only support gig workers, but also the auto industry. This will unlock economic opportunities for hundreds of thousands of platform workers.
Progressive EV policies
A sustainable mobility ecosystem must be shared, multimodal and electric. Mobility companies like Uber are an essential part of this image. We see that people all over the world are not switching to electric cars unless there is a well-developed and accessible charging infrastructure. We need to ensure that electric vehicle policies encourage the development of charging infrastructure and do not impose impractical compliance requirements on one side of the ecosystem, which could hinder overall vehicle growth. electricity in the country.
Level playing field for online auto rickshaws
In 2021, the government announced a 5% GST levy on car journeys booked online. While we understand the government’s need to collect revenue, the new tax announced has a direct impact on motorist revenues. This tax creates unequal conditions of competition between offline and online automobiles and goes against its vision of digitalization of services, products and payments. Canceling this GST will ensure that users, drivers and cities can continue to benefit from the growth of this nascent sector.
The author is the chairman of Uber India South Asia. Views are personal.
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