📈 Social Security Boom for Transport Sector

The Ministerial Consultative Committee on Transport, Highways and Urban Development has approved key recommendations to bring the informal transport sector into the formal social security fold. • Overall Strategy: Sub-committee reports identify solutions for professional security and new business models within the transport industry. • Major Reform: Proposed EPF and ETF contributions for: • Private bus drivers and conductors. • Three-wheeler drivers. • App-based workers (electronic platforms). • Regulatory Updates: Parliament approved Extraordinary Gazettes No. 2463/04 and 2467/52, revising driving license fees and extending validity periods to mitigate recent technical and weather-related disruptions. • Context: This move aims to provide "professional recognition" and long-term financial safety to thousands of workers currently outside the formal economy.