Core Integra hosts virtual discussion on Uniform Compliance, RegTech, Gig Economy
PIONEER NEWS SERVICE/ Dehradun
Core Integra hosted virtual panel discussion on Uniform Compliance, RegTech and Gig Economy. According to the organisers, the panel delved into key issues impacting businesses and labour compliance in India with a focus on simplifying processes and embracing technology. The discussion opened with the topic of India’s fragmented labour compliance ecosystem and the need for a unified approach. Core Integra’s team highlighted the importance of consolidating India’s labour laws through frameworks like the Labour Codes and digital platforms such as Shram Suvidha which integrates over 16 labour laws. By creating a single, streamlined compliance process, the panel emphasised how businesses, especially MSMEs, could benefit from simplified, efficient operations.
A central theme of the conversation was the role of RegTech in revolutionising compliance. Core Integra’s team shared how regulatory technology is enabling real-time reporting, automating filings and seamlessly integrating payroll systems.
The panel also explored the growing role of India’s informal sector. India’s gig economy has seen a surge in digital registration through platforms like the e-Shram portal. This platform has already registered over 30.68 crore unorganised workers, providing them with a digital identity and access to government benefits. The panelists noted that digitising the informal sector could contribute up to 3% to India’s GDP in the coming years. The panel clarified that the extension of social security benefits and minimum wage provisions to these categories of employment is expected to contribute significantly to the regularisation of jobs and improvement in working conditions.
