New Delhi, Nov. 21 -- Online food delivery, e-commerce and quick-commerce companies including Swiggy, Zomato, Amazon, Flipkart and peers will now have to allocate up to 2% of their annual turnover for the welfare of gig and platform workers as India unveiled new labour codes on 21 November.

The ministry of labour and employment announced that with the new reforms, all workers would get benefits such as retirement savings via provident fund, coverage under the Employees' State Insurance Corporation, other insurance and social security benefits.

They currently receive only limited social security coverage, if any.

On Friday, the Union government announced four labour codes that will come into effect immediately. They aim to rationalise I...