Shiva Rajora

4% rise in pensioners availing Rs 1,000 minimum pension in FY24 under EPS

Experts attribute this increase in beneficiaries to the stagnation in wages of workers and high inflation, leading to lower contributions from subscribers

ITI scores improve in latest grading; 8.9% receive grade 8 rating

The latest grading comes after FY25 Budget announced a new scheme to skill 2 million youth over the next five years, with 1,000 ITIs to be upgraded in hub-and-spoke arrangements focused on outcomes

Growth in new business thrusts services PMI to 5-month high in Aug

Job creation in sector 'remains solid'; companies positive about economy

From next year, EPS subscribers can withdraw pension from any bank

By harnessing advanced IT and banking technologies, it will offer a more efficient, seamless, and user-friendly experience for pensioners

Growth in Indian mfg sector slows to 3-mth low in August, PMI dips to 57.5

Indian manufacturers registered softer increases in new business and output during August

Labour ministry to launch revamped Shram Suvidha portal by year-end

The portal will leverage AI and machine learning to facilitate ease of doing business

Gig workers to be soon registered on e-shram portal: Mandaviya

He emphasised that aggregators, companies that employ gig and platform workers, will be asked to take the lead in registering their workers on the portal

India's Q1 GDP data: Investment, consumption growth picks up pace

Investment growth above 30 per cent is considered important for driving economic growth

Actuarial valuation of unorganised sector pension scheme in offing

Proposal requires estimating liability on account of benefit under the PM-SYM scheme

Moody's raises India's growth projection; Fitch affirms 'BBB-' rating

The government has set a lower fiscal deficit target of 4.9 per cent in the union budget presented on July 23 compared with 5.1 per cent set in the interim budget in February

Trade unions divided over the new employment linked incentive schemes

Labour ministry said that the ELI schemes have been designed to encourage businesses to generate more employment as well as to provide meaningful and sustainable jobs for the youth of the country

Labour Ministry to appoint actuary for valuation of PM-SYM pension scheme

The scheme has failed to pick up pace, even after more than five years since it was launched in March 2019

UPS evokes mixed response from unions; BMS supports it, others don't

Meanwhile, All India Trade Union Congress (AITUC) and Centre of Indian Trade Unions (CITU) have rejected the scheme and demanded the restoration of OPS

Fiscal deficit to increase by 15 bps to 5.1% in FY25 due to UPS: Macquarie

Under the unified system, employee contributions will remain unaltered at 10% of basic pay plus dearness allowance

India's GDP growth likely to have moderated in June quarter: Analysts

Slowdown in key drivers due to LS polls and high base effect: Analysts

Cabinet nod to assured 50% of salary as pension for central govt employees

Existing as well as future employees will also have an option of joining the New Pension Scheme (NPS) or UPS

Unemployment among women increased in first quarter, shows PLFS data

PLFS data shows it rose to 9% from 8.5% in urban areas

Stats ministry to work closely with states on local GDP numbers: Secretary

Purpose is to ensure that data collected is 'accurate and clear', he says

Softer rise in manufacturing output slows flash PMI to 60.5 in August

Pace of expansion remains sharp and indicates strong demand and favourable market conditions, HSBC survey

Labour ministry launches centralised portal for construction workers

Preparedness of states/UTs with respect to harmonisation and finalisation of draft rules under the four new labour codes also reviewed