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Six states report fewer formal jobs for youth in Sept qtr, shows EPFO data

Experts attribute drop to large-scale of migration; young from these states stand to earn significantly more, post migration, than they do by staying back

Nov services PMI at a 3-month high of 56.4 thanks to new biz expansion

The headline figure has been in the expansion zone for the sixteenth consecutive month since August 2021

Coal pensioners protest in capital, demand review of pension scheme

Agitators seek dearness relief as scheme component to ensure equitable pension; want adherence to provisions of CMPS 1998 on review and revision of pension every three years

ESIC to invest up to 15 per cent surplus funds in equity through ETFs

The decision was taken at an ESIC meeting chaired by the Union labour minister Bhupender Yadav

Manufacturing PMI rises to 55.7 in Nov as factory activity hits 3-mth high

The survey compiled by the rating agency - S&P Global, and released reflected an improvement in employment and purchases by factories

Green pathways present a $1.6-trn investment window: World Bank report

The report also suggests adopting climate-responsive cooling techniques in both private- and government-funded constructions

Core sector output growth slows to 20-month low of 0.1% in October

Output accelerated by only 0.1% in October; 4 of 8 core industries reported production contraction

Urban unemployment rate drops for fifth quarter to 7.2%: NSO survey

The unemployment rate among men and women has been estimated at 6.6 and 9.4 per cent, respectively

77% employers likely used more apprentices in second half of 2022: Report

Moreover, the trend to hire apprentices has seen a growth in Tier II and Tier III non- metro cities as well

PM Modi launches Rozgar Mela, releases 71,000 job-offer letters to freshers

This is the second Rojgar Mela within a month; In the October Mela, PM handed over 75,000 appointment letters

PM Modi to hand over job-offer letters to 71,000 freshers in Rozgar Mela

Hand-over will be via video-conference and is part of job generation drive; hard copies to be given at 45 locations, save Gujarat and Himachal, where model code of conduct is in place

New formal job creation fell again in September, shows payroll data

The number of fresh formal jobs created fell for the second consecutive month in September, declining 9 per cent sequentially to 930,000

EPFO to appoint actuary firm for its pension and insurance schemes

The approved consultant will be empanelled with the EPFO headquarters in New Delhi for a tenure of three years

Rajasthan the top beneficiary of EPFO-linked central job scheme

The government had launched ABRY to incentivise employers for creation of new jobs and restoration of retrenched workers during Covid-19

Retail inflation eases to 6.77% in October, lowest in three months

May make MPC less hawkish on rate hike; WPI inflation dips to 19-month low of 8.39% in Oct

Disbursements to self-help groups and rural roads yield less, says NSO

Performance of an item is considered poor if the level of targets achieved has been below 80 per cent

Manufacturing picked up in Sept qtr, may sustain for 6-9 mths: FICCI study

61% respondents in survey reported higher production level in September quarter over the year-ago period, as against 55% who reported higher output in June quarter of FY23

Coal pensioners to agitate for dearness relief in pay, pension body revamp

Retired Employees Association says nearly 270,000 pensioners are getting less than Rs 2,000 a month as pension

Services PMI recovers to 55.1 in Oct after hitting six-month low in Sept

Services PMI released by credit rating agency S&P Global improved to 55.1 in October from 54.3 in September

Delhi tops EPFO coverage chart, Tripura and Assam at the bottom

Haryana is at the third spot with 35.3 per cent of its working population under EPFO, followed by Karnataka (29.6 per cent) and Uttarakhand (26.7 per cent)