Gig workers need to register, update info for social security: Draft rules

Workers in the gig economy will have to constantly update their details on a web portal in a bid to avail social security benefits, even as gig firms will have to submit contribution towards a fund through self-assessment, according to draft labour rules published by the Central government.

The Code on Social Security (Central) Rules, 2020 states that all unorganised sector workers, including gig and platform workers, will have to update their particulars such as current address, present job, period of engagement with gig firms, skills, mobile number, “on the portal specified by the Central Government.”

“In the absence of such updation, a gig worker or platform worker may not remain eligible to avail benefits of the social security schemes notified under the Code,” the draft rules dated November 13, which is made public for inviting public comments within 45 days, stated.

According to the proposal, gig firms will be required to make an annual contribution by June 30 of every year for social security of gig and platform workers. All such contributions will be done through self-assessment by the gig companies, which will have to submit a form

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Reliance Retail buys 96% stake in Urban Ladder for over Rs 182 crore

Reliance Industries’ (RIL’s) retail arm has acquired 96 per cent stake in Bengaluru-based online furniture retailer for over Rs 182 crore.

The deal is expected to help Mukesh Ambani-headed RIL take on players such as Jeff Bezos-led Amazon, Walmart-owned Flipkart, Swedish home furnishing major Ikea, and smaller rival in the battle for India’s $32 billion worth furniture market.

Ventures (RRVL), a subsidiary of RIL, has acquired equity shares of Home Decor Solutions (Urban Ladder) for a cash consideration of Rs 182.12 crore, RIL said in a statement. This investment represents about 96 per cent holding in the equity share capital of

RRVL has the option of acquiring the remaining stake. It has proposed to make a further investment of up to Rs 75 crore, which is expected to be completed by December 2023.

War chest

RIL has raised about Rs 47,265 crore in the past few months from global investors. It has also secured investments from some of the world’s largest tech firms, including Google, Facebook, and Intel for Jio Platforms.

Analysts said Reliance

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Auction or estate agent? Pros and cons when selling property

When you’re ready to sell houses or flats in your portfolio, you may be considering selling through an estate agent or at auction.

Both approaches have their pros and cons depending on your particular circumstances, so what’s best for someone else might not be best for you.

When it comes to making the first step, consider exactly what you are looking to achieve. Are you looking for a maximum price? Is there a tight deadline? Is simplicity most important? Weighing up the pros and cons beforehand may help you sell your house fast as well as satisfying your other requirements.

Pros and cons of selling by auction

Perhaps the greatest benefit of selling your property by auction is that you’ll be given a specific date for the auction, meaning you should have near-certainty on the date your home will sell. This can be very helpful if you are looking to sell in a hurry and by a specific deadline.

Another perk is that the auctioneer will take care of listing and marketing the home to generate interest in, and a skilled auctioneer could drum up a lot of potential buyers.

Sales done through auction also tend to be definite, as

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