 "At 1.33 mn, January net addition to payroll highest in FY21, shows data")
Formalisation of the economy happened at the fastest pace in January during the current fiscal year. Net subscription to the Employees’ Provident Fund (EPF) touched the highest number at 1.33 million in January, leaving the September’s number at 1.26 million behind.
The formalisation has been happening at a higher rate than the monthly average of 2018-19 and 2019-20 since August in 2020-21, which is a month prior to the full lifting of lockdown.
The formalisation has been happening at a higher rate than the monthly average of 2018-19 and 2019-20 since August in 2020-21, which is a month prior to the full lifting of lockdown.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%