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IT, consulting firms lead NPS adoption in private space: PFRDA data

PFRDA nudges top 50 firms, with over half of total subscribers, to up coverage

EPFO's investible corpus crosses Rs 21 trn in FY23, ETF investments at 9.2%

Rise comes on the back of increased subscriber base over the past few years

NPS adoption by govt sector at 5 month high in August, shows NSO data

Earlier, 85,586 new subscribers had joined the NPS in March 2023

Higher pension issue likely on EPFO central board of trustees meet agenda

While the full agenda is not clear, sources familiar with the matter say that the issue of higher pension which has protracted for a long time now might come up in the meeting

10% fewer fresh formal jobs created in April-August, shows EPFO data

The payroll data showed that cumulatively 4.92 million new subscribers joined the social security organisation between April-August this year

Fresh formal job creation slows to 5-month low in August, shows EPFO data

The net monthly payroll numbers are, however, provisional in nature and are often revised sharply the following month. That is why the new EPF subscriber figure has greater certitude than net addition

Rural road construction changes path for the first time in 8 years

The rural development scheme has been 'poorly' performing for some time now, as it has been continuously missing its targets for the April-June period since FY16

Contract of 3 out of 4 flexi workers lasted more than 6 months in FY23

The report also noted that there was an increase of 5 per cent in the share of flexi work as compared to other employment formats, to 66 per cent from 61 per cent last year

Skill ministry launches IndiaSkills 2023-24, to target 2.5 mn participants

India Skills is the precursor to the WorldSkills competition, as the participants who excel in India Skills at national level will participate in global event next year, scheduled to be held in Paris

Wholesale inflation hits 6 month high in Sept but stays in negative

Food inflation decreased significantly to 3.35 per cent in September from 10.6 per cent in August

Indian economy projected to grow at 6.3% in FY24, says Ficci Survey

The Consumer Price Index (CPI)-based inflation is expected to remain at 5.5 per cent in FY24, with a range of 5.3 per cent to 5.7 per cent

Share of women in wage work declined to 15.9% in 2022-23, says PLFS

At the national level, the share of women in regular wage work has declined sharply to 15.9 per cent in 2022-23, from 21.9 per cent in the pre-pandemic period of 2018-19

India needs structural reforms to achieve higher growth levels: IMF

In response to another question on the impact of a sharp increase in bond yields on emerging markets, Srinivasan said that both the public and private sectors should be careful while borrowing

Sept retail inflation at 3-mnth low of 5.02%; Aug IIP growth rises to 10.3%

Food inflation also declined to a three-month low of 6.56 per cent in September from 9.94 per cent in August

Employment creation in India has reached new heights, says PM Modi

The Prime Minister was referring to the Annual Periodic Labour Force Survey (PLFS) which was conducted by the National Statistical Office (NSO) and its results released earlier this week

Salaried employment slips in 12 major states, UTs, shows PLFS data

It's widely held that salaried roles, which guarantee consistent wages, offer better job security than casual positions or self-employment

India's jobless rate at 6-year low; wage employment share shrinks

Both rural, urban areas show a fall in unemployment rates in July-June 2022-23 period

Urban jobless rate falls for second consecutive quarter to 6.6 % in Q1

The jobless rate in urban areas had been on a continuous decline since the high of 12.6 per cent recorded in the Covid-affected April-June quarter of FY22

Business confidence index at three-quarter high in second quarter: CII

The rural economy has been on an upswing, as evident from the surge in fast-moving consumer goods (FMCG) sales and agricultural incomes in Q1 FY24

India's core sector output touches 14-month high of 12.1% in August

In August last year, the core sector had grown by 4.2 per cent