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Moderation in industrial growth, agri likely to drag down GDP growth in Q3

Meanwhile, services which are the major contributor to the Indian economy display an improvement in Q3, led by trade, hotels, transport and communication services

India may face 10.5% VAT on production under CBAM regime: ADB study

Sectors like ferrous metals, electricity, petrochemicals expected to be worst impacted

Rural non-food spend over 50% for first time: Consumer expenditure survey

Spending share increased on intoxicants, toilet articles, entertainment

Fresh NPS adoption by companies rises 9% in December, shows NSO data

The corporate component of the scheme is voluntary in nature and includes people working in public sector organisations, private limited companies or public sector banks, among others

Fresh formal jobs created last year fell nearly 10%, shows EPFO data

EPFO data shows 10.78 mn new users joined compared to 11.93 mn in 2022

India's GDP growth likely to moderate to 6.5% in FY25: India Ratings

On the consumption side, India Ratings expects private final consumption expenditure to grow by 6.1 per cent in FY25, up from 4.4 per cent in FY24

PFRDA eases business processes with simplified trustee appointments

NPS Trust has been established by the PFRDA for taking care of the assets and funds under the NPS

Fresh formal job creation surges to three-month high in December 2023

Earlier in September 2023, 950,527 subscribers had joined the EPF. This data is crucial as only the formal workforce enjoys social security benefits and is protected by labour laws

Progress or distress? Women's participation in workforce increases

What is behind the rising female participation in labour force, especially in rural areas? The answer depends on who you are listening to

Religious minorities see sharper loss of regular wage jobs: PLFS data

Overall, the share of workers having wage/salaried employment has declined to 20.9 per cent in 2022-23 from 23.8 per cent in 2018-19

India needs new cotton seed varieties for better productivity: House panel

The panel asked the textiles ministry to do a comprehensive study on how to increase cotton production

MGNREGA scheme led to decline in gender wage gap in rural India: ILO

The paper also noted that the gap in rural wages between formal salaried workers and casual workers also decreased due to the employment guarantee scheme

Moderation in food prices cools WPI to 3 month low of 0.27% in Jan

This is the third consecutive month that the wholesale inflation rate had remained in the positive territory after it had recorded deflation for the major part of the financial year 2024

Two of every five industrial employees now contract workers: ASI data

Contract workers are employed by an industrial establishment through contractual agreements for a specified period or task

India's urban jobless rate eases to 6.5% in Q3FY24, shows PLFS data

The jobless rate in urban areas has been steadily declining since the high of 12.6 per cent recorded in the COVID-affected April-June quarter of FY22

Retail inflation cools to 3-mth low of 5.1% in Jan, IIP grows 3.8% in Dec

The growth rate in the IIP slightly increased to 3.8 per cent in December from 2.4 per cent in November on the back of improvement in the performance of the manufacturing sector (3.9 per cent)

NDA provided 1.5x more govt jobs than UPA, says PM Narendra Modi

He said the share of women in new appointments in Rojgar Melas had gone up to 18-20 per cent compared to the 7-8 per cent share in the appointments made by the previous government

EPFO recommends 8.25% interest rate on employees' provident fund for FY24

The previous high level of EPF interest rate was at 8.5% in 2019-20

FinMin rejects proposal to double minimum pension amount under EPS

The central board of trustees (CBT) - the apex decision-making body of the Employee Provident Fund Organisation (EPFO) - was apprised of the rejection of the proposal in its latest meeting on Saturday

Ministry asked to tap over 3.5 mn overseas jobs: House Panel report

Operationalise 30 Skill India International Centres by March: House Panel