Karnataka govt to establish Gig Workers’ Welfare Board
Bengaluru, Apr 3 (PTI): The Karnataka government decided to establish a Gig Workers’ Welfare Board, Chief Minister Siddaramaiah’s office said on Thursday.
The decision was made following a discussion between Siddaramaiah and Congress leader Rahul Gandhi in New Delhi.
According to a statement issued by the Chief Minister’s Office (CMO), Rahul Gandhi inquired about the timeline for formulating the Gig Workers' Welfare Act, which he had promised during his Bharat Jodo Yatra and the elections.
"The Karnataka government has decided to establish a Gig Workers' Welfare Board to ensure the well-being of workers employed by companies like Amazon, Flipkart, Ola, Uber, and others," the statement said.
It further stated that a five per cent cess would be collected from the concerned companies, while the state government would provide the remaining funds required to support welfare schemes for gig workers.
"A comprehensive bill covering all aspects of gig workers' welfare will be prepared and presented before the state cabinet for approval," the statement added.
Three gig worker representatives—Rakshitha Dev, Sheikh Salahuddin, and Nikhil Dev—were also invited to the meeting.
They appreciated the government's initiative and expressed hope for improved working conditions.
State ministers Santosh Lad, Priyank Kharge, and M B Patil were present at the meeting.
Santosh Lad was quoted as saying that Rahul Gandhi, who had earlier advocated for gig workers' rights during the Bharat Jodo Yatra, welcomed the eight-point proposal prepared by the Labour department.
Rahul Gandhi also emphasised the need for swift implementation to safeguard gig workers' interests.
"The Karnataka Labour Department has already introduced three key bills—covering workers' gratuity, cinema workers' rights, and now, gig workers' welfare. The unorganised workers' sector has lauded the government's efforts and extended full support for this progressive move," the statement quoted Lad as saying.
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I am Sanjay but not Sanjay of Mahabharat who can predict rate cuts, says RBI guv
Mumbai (PTI): I am Sanjay but not Sanjay of Mahabharat who can predict future rate actions and at what level rate moderation will stop amid the ongoing global uncertainties, RBI Governor Sanjay Malhotra said on Wednesday.
Malhotra's remarks came at a media briefing on being asked if more interest rate cuts are in the offing, after he delivered the second straight interest rate cut since taking over as the RBI governor.
According to the Mahabharat, Sanjay was blessed with divine vision and used his power to relay actions at the Kurushetra battlefield to blind King Dhritarashtra at his palace.
He further said monetary policy and fiscal policy are acting in tandem to meet the growth-inflation targets.
"It is a joint effort... the government has done its bit in the Budget recently by taking a large number of measures in terms of the increased capex, tax rebates and we have reduced repo rate and changed the stance going forward, which means that the direction of the policy repo rate is downwards.
"Where it will reach… we really don't know. I am Sanjay, but I am not Sanjay of Mahabharat to be able to foresee that far. I do not have the divine vision that he had," he said.
He further said "we will jointly (with the government) try to manage the growth and the inflation dynamics in our country".
Earlier in the day, Malhotra announced repo rate cut for the second consecutive time and signalled more easing ahead as the Reserve Bank of India (RBI) sought to bolster the economy in face of further pressure from damaging US tariffs.
Following the rate cut of 25 basis points, the key policy rate eased to 6 per cent. The move lowers borrowing costs to the lowest level since November 2022, amid easing inflation and a fall in oil prices.
Malhotra also assured that the RBI will maintain sufficient liquidity for speedier rate cut transmission.
We will provide sufficient liquidity for the purposes of monetary policy transmission.
