 "EPFO")
Net new enrolments with retirement fund body Employees' Provident Fund Organisation (EPFO) rose to 318,000 in May this year from 100,000 the orevious month, show its latest payroll data, providing a perspective on employment in the formal sector amid the Covid-19 crisis.
Provisional payroll data released by the EPFO last month showed that net new enrolments stood at 133,000 in April this year. The figure has now been revised down to 100,825.
The net new enrolments with the EPFO had dropped to 572,000 in March 2020 from 1,021,000 in February, according to the payroll data released in May.
The net new enrolments with
