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Fresh formal job creation dipped to 30-month low levels in Nov: EPFO

In November 2023, the number of new monthly subscribers under the EPF decreased by nearly 10 per cent to 736,015 from 816,721 in October, according to the latest monthly payroll data

Services sector firms led India Inc's job creation in FY23, says study

The study by the state-run bank sums the number of employees of close to 3,000 companies in the corporate sector in the past five years

PFRDA asks lenders to shore up private sector subscribers under NPS

The chairman said the decline seen in e-NPS (voluntary accounts) was responsible for the slow pace of enrolments this year

Workers, farmer bodies to protest on Feb 16 for MSP hike, scrap labour code

The SKM is an umbrella body of various farm unions, while the joint platform of trade unions consists of the central unions and sectoral worker unions

ESIC considers to extend medical benefits to unorganised, gig workers

Employees' State Insurance Corporation has already initiated several discussions with various stakeholders

India's path to renewable energy: Balancing growth and coal transition

As the share of renewable energy (RE) increases in the country's energy mix, it is expected that the dependency on coal will decline

PFRDA notifies new point of presence regulations for NPS subscribers

The simplification in PoP regulations is in line with the Union Budget 2023-24 announcement to review regulations to reduce the cost of compliance and enhance the ease of doing business

Higher food prices push WPI inflation to 9-month high in December

This is the second consecutive month that the wholesale inflation rate had remained in positive territory after there was deflation for seven consecutive months till October 2023

In 9 years, 248 mn moved out of multidimensional poverty: NITI Aayog

Share of multidimensional poor fell to 11.28% in 2022-23 from 29.17% in 2013-14

Interim Budget may raise pension floor for unorganised sector workers

PFRDA says current amount may not help attract new Atal Pension subscribers

IIP growth at 8-month low in November, retail inflation rises in December

Retail inflation in December, on the other hand, rose to a four-month high because of a seasonal spike in the prices of vegetables, fruits, and pulses that the Reserve Bank of India has already factor

Real wage growth positive for 2nd straight year in 2022: ILO study

It says India's high investment growth positively influenced overall economic dynamics in S Asia

Industry bodies eye access to the e-shram portal to fill talent gap

Industry has asked for access to the e-Shram database which will help us enable skilling and employability of the unorganised workforce in the country

World Bank keeps India's FY25 GDP growth estimate unchanged at 6.4%

At 6.4%, India may remain world's fastest-growing large economy; Global economy likely to slow for third straight year in 2024

ESIC leads in providing social security benefits by formalising workforce

ESIC is the primary government scheme that provides socio-economic protection against sickness, maternity, disablement, and death due to work-related injuries to employees in the organised sector

Govt capex leads investment growth, 'skewed consumption' a concern

Sunil Kumar Sinha, principal economist, India Ratings says that a robust growth in GFCF reflects the sustained focus of the government on capital expenditure

Fresh formal jobs creation falls 10% to 9.06 mn in 2023: EPFO data

Furthermore, the number of new women subscribers declined by about 12 per cent to 2.35 million from 2.68 million last year

State rules against basic ethos, spirit of labour codes, finds Study

An objective analysis of these rules indicates that with respect to many of the aspects, there is too much divergence not only between the central and state/UT rules but also among the state rules

NPS adoption dips to 4 month low in October amid corporate slowdown: NSO

Since the union government has mandated the NPS for all its new employees, this can be used as a proxy to gauge fresh recruitments at the central level

Inequality a relative concept; absolute poverty India's urgent concern: CEA

The CEA notes that for a developing country such as India, where the growth potential is high and the scope for poverty reduction is also significant