-PTI EPFO’s latest data shows the new members enrolment in May is the highest so far in last eight month at 7,43,608 New Delhi: Retirement fund body EPFO’s payroll data suggests that as many as 4,474,859 jobs created during September 2017 to May this year. However, the retirement body lowered earlier estimate of new members enrolment by 9.57%, from 4,126,138 to to 3,731,251 for September 2017-April this year. According to the payroll data...
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One crore jobs in last year: Here is how PM Modi built his case during speech in Lok Sabha
-The Indian Express To lend weight to his argument, he referred to employment figures available in the system including EPF, NPS, formal and informal sector. He talked about job growth and employment towards the end of his speech. New Delhi: Rejecting criticism that the government failed to create enough jobs, Prime Minister Narendra Modi on Friday said over one crore jobs were created in the country over the past one year. The...
More »New EPF enrolment during Sep., 2017 to Apr., 2018 confined to a few industries & states, indicates data
A document of the Ministry of Statistics and Programme Implementation (MoSPI) dated 25th June, 2018 says that the number of members subscribing to the Employees' Provident Fund (EPF) scheme gives one an idea of the level of employment in the formal sector viz. mostly employment in establishments employing 20 or more persons (though EPF is applicable for certain organisations, which employ less than 20 persons, subject to certain conditions and...
More »Employment: Government to launch enterprise-level survey in August -Aanchal Magazine
-The Indian Express The government is looking at various data sources and has started releasing enrolment data for Employees Provident Fund Organisation (EPFO) as an indicator. As per latest data, 41.26 lakh enrollments were recorded in the EPFO database for Sept 2017-April 2018. The government is planning to launch enterprise-level area frame survey early next month for capturing employment generation in companies with less than ten workers. The results of the survey,...
More »EPFO data government cited to show job surge is now down -Aanchal Magazine
-The Indian Express EPFO manages social security funds of workers in the organised/semi-organised sector in the country. EPF is applicable to establishments with more than 20 workers. New Delhi: The Employees’ Provident Fund Organisation’s (EPFO’s) enrolment numbers, which formed the basis for an ‘independent’ study released earlier this year that the government cited as an indicator of buoyancy in formal job creation in the economy, has now been sharply whittled down for...
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