New Delhi, Sept. 19 -- After years of deliberations, the union government has finally circulated the draft social security code, a key labour law proposal that seeks to amalgamate a clutch of existing laws and proposes several new initiatives including universal social security for unorganized sector workers and, insurance and health benefits for gig workers including the Ola and Uber drivers. Besides, it also proposes corporatization of existing organizations like EPFO and ESIC headed by people other than the labour minister. Here are the five key things in the draft code:

1) Insurance, PF, life cover for unorganized sector employees:

The draft code says the "Central Government shall formulate and notify, from time to time, suitable we...