Employment In India

ELI scheme to boost job creation, social security, says official

The Employment Linked Incentive (ELI) announced in the budget for 2024-25 with an outlay of Rs one lakh crore, will promote job creation and provide social security, an official of Employees' Provident Fund Organisation (EPFO) said on Tuesday. Regional PF Commissioner-I Randhir Kumar said that the scheme is aimed at incentivising creation of 3.5 crore jobs over a period of two years, that it will be effective from August 1, 2025, and to continue till July 31, 2027. He said out of the total of 3.5 crore, 1.92 crore beneficiaries will be first-timers entering the workforce. Kumar said the thrust of the scheme is on the manufacturing sector, adding that you get benefits under the scheme, the establishments need to be registered with the EPFO. For first-time employees, the scheme provides for a maximum amount of Rs 15,000 per annum to be paid in two instalments. The employers will also get incentives by getting an amount of Rs 3,000 per month for each additional and sustained employme

Best of BS Opinion: India must go from pro-business to pro-market

Today's newsletter ties together multiple issues, but the central theme remains one of much-needed reform and regulatory action, be in in job creation or aviation or industry

Labour ministry unveils fool-proof plan for ₹1.07 trillion ELI scheme

Labour ministry has worked out a fool-proof mechanism using digital tools to implement the Rs 1.07-lakh crore Employment Linked Incentive (ELI) scheme, which aims to create 3.5 crore jobs over the next two years. The scheme, approved by the Union Cabinet on Tuesday, will be implemented through the social security schemes run by retirement fund body EPFO. Labour Minister Mansukh Mandaviya told reporters that a fool-proof mechanism has been worked out for providing benefits to employees as well as employers under the ELI scheme and benefits will be directly transferred into accounts. The mechanism has been devised after lesson learnt from the implementation of The Aatmanirbhar Bharat Rozgar Yojana (ABRY) where cases of corruption and fake claims were reported. The ABRY was launched to incentivize employers for creation of new employment along with social security benefits and restoration of loss of employment during COVID-19 pandemic. The scheme was aimed at reducing the financial .

Cabinet okays ₹99,000 cr employment linked incentive scheme for 35 mn jobs

Under the scheme, new employees will receive up to one month's EPF wage, capped at ₹15,000, in two instalments

Corporate India's hiring outlook steady for Jul-Sep quarter: Report

Corporate India has a steady hiring outlook for the next three months, driven by strong growth in the private services sector and hopes of economic benefits stemming from shifts in global trade dynamics, a report said on Tuesday. According to the latest ManpowerGroup Employment Outlook Survey, employers reported a Net Employment Outlook (NEO) of 42 per cent -- the second highest outlook globally and emerging as a key player in the global employment landscape. The NEO is calculated by subtracting the percentage of employers who anticipate reductions in staffing levels from those who plan to hire. "As we enter the third quarter of 2025, India's employment Outlook remains robust, with a NEO of 42 per cent -- among the highest globally. Despite a slight dip from the previous quarter, the 12-point year-on-year gain highlights sustained employer confidence and growth momentum in the labour market," said Sandeep Gulati, Managing Director, ManpowerGroup India and Middle East. As per the ..

Delhi government to host mega job fair to boost youth employment

Labour Minister Kapil Mishra said the first job fair is likely to be held in July, aiming to directly connect employers with young job seekers across the capital

MCA likely to widen PM Internship Scheme beyond top 500 companies

The age for joining the scheme, according to sources, is also likely to be brought down to accommodate applicants coming from industrial training institutes and polytechnics

India's 'broken rung': What's holding women back on the corporate ladder?

Gender gaps persist in India, Nigeria, Kenya as women face barriers from entry-level to leadership, with sharp drop-offs in managerial roles, shows McKinsey report

EPFO issues appointment letters to 976 new recruits at Rozgar Mela

Retirement fund body EPFO on Saturday said that it handed over appointment letters to 976 new recruits at the 15th Rozgar Mela on Saturday. The Employees' Provident Fund Organisation (EPFO), under the Ministry of Labour and Employment, participated in the 15th edition of the Rozgar Mela held on Saturday across 47 locations nationwide, a labour ministry statement said. The event, addressed by Prime Minister Narendra Modi via videoconferencing, saw the distribution of over 51,000 appointment letters to newly inducted youth in various government departments, including EPFO. As part of this significant recruitment drive, EPFO welcomes new recruits to strengthen its workforce, ensuring efficient delivery of social security services to millions of subscribers across India, the ministry said. Appointment Letters to 345 Accounts Officers/ Enforcement Officers and 631 Social Security Assistants were issued on Saturday. EPFO has established a recruitment vertical in the Head Office to ensu

Govt ensuring employment opportunities keep growing for youth: PM Modi

Prime Minister Narendra Modi asserted on Saturday that his government is taking several measures to ensure that the opportunities for employment and self-employment keep growing. Addressing the 15th edition of Rozgar Mela after distributing over 51,000 appointment letters to recruits in different departments of the central government, he said it is a time for unprecedented opportunities for the youngsters. In the virtual event, he noted that the International Monetary Fund has said India will remain the fastest-growing major economy, asserting that employment opportunities will be rising in every sector. The production and export in automobile and footwear industries have hit new records, generating employment in huge numbers, Modi said. Citing the difference his government has made, the prime minister listed out that cargo being handled through inland water transparent has surged to 145 million tonnes from 18 million tonnes before 2014 while national waterways have increased from

Govt to release monthly unemployment data from May 15 for first time

The first set of data will include the figures from January, February and March and thereafter it will be released every month

India must generate 8-10 million jobs yearly, says PM's principal secy

Highlighting the need to create 8 to 10 million jobs annually in India, Prime Minister Narendra Modi's Principal Secretary PK Mishra on Saturday urged students to equip themselves with both technical knowledge and practical skills. Speaking at the 9th convocation ceremony of IIM Sambalpur, Mishra said, "There is a need to create 8 to 10 million jobs annually. The central government has therefore launched initiatives like Digital India and Skill India to meet this goal. You need technical knowledge along with skills." He also informed the students that India has secured a strong position on the global stage. Mishra said this is a crucial period not only for students, but also for the country. "Today, India holds a strong global position, with a growing economy, a young population and strategic partnerships. The country's increasing influence will help achieve the goal of Viksit Bharat, as envisioned by the Prime Minister," Mishra said. Mishra said India's digital infrastructure is

Swiggy partners with labour ministry to create 1.2 million jobs in 3 years

The Union government has partnered with Swiggy to enhance job opportunities and streamline recruitment through its NCS portal

Amid global layoff, Google may rejig roles in Bengaluru, Hyderabad offices

May also shift some employees to more revenue-generating projects

Parliamentary panel recommends independent survey, revamp of MGNREGS

An independent survey of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) should be held to assess its effectiveness, a Parliamentary panel has suggested, stressing on revamping the scheme keeping in view emerging challenges. In a report tabled in Parliament during the last week of the recently concluded Budget Session, the Parliamentary Standing Committee on Rural Development and Panchayati Raj have recommended increasing the number of days of work under the scheme to 150 from the current 100, and also suggested that wages be increased to at least Rs 400 per day. The panel, which has been expressing concern over stagnation in allocation to the flagship rural employment scheme, has also stressed on social audits to ensure its proper implementation. "The committee believes that a comprehensive national survey should be conducted to assess the effectiveness of MGNREGS," the panel headed by Congress MP Saptagiri Sankar Ulaka, said. It said the survey should focu

'Another jumla': Rahul slams PM Modi over Employment Linked Incentive plan

Attacking Prime Minister Narendra Modi over the government's 'Employment Linked Incentive' scheme, Congress leader Rahul Gandhi on Friday said while he creates new slogans everyday, the youth are still waiting for real opportunities, and asked if it was "just another jumla". The Leader of Opposition in the Lok Sabha said that after the 2024 election, PM Modi announced the "Employment Linked Incentive" scheme with much fanfare, promising to provide employment to our youth. "It's been nearly a year since announcing the scheme, the government hasn't even defined it, and has returned the Rs 10,000 crores allotted to it. This shows how serious the PM is about unemployment," he alleged without elaborating the claim. There was no immediate response from the government on it. Gandhi said jobs can't be created by focusing only on large corporates, promoting cronies over fair-play businesses, prioritising assembly over production, and disregarding India's indigenous skills. "The way to crea

Unemployment rate dips marginally to 4.9% in 2024, shows govt survey

Unemployment rate among persons of 15 years or above slipped to 4.9 per cent in calendar year 2024 from 5 per cent in the previous year, according to the Periodic Labour Force Survey (PLFS) released on Wednesday. In rural areas, there is a marginal decline in overall unemployment (4.3 per cent to 4.2 per cent), with slight reductions for both men and women, the Ministry of Statistics and Programme Implementation said in a release. Urban male unemployment rose (6.0 per cent to 6.1 per cent), but female unemployment declined (8.9 per cent to 8.2 per cent), keeping the overall urban rate stable at 6.7 per cent. At all-India level, unemployment saw a minor drop (5.0 per cent to 4.9 per cent), suggesting slight improvements in employment opportunities, it stated. It also stated that decline in unpaid helpers in household enterprises seems to have contributed to the drop in WPR (workers population ratio) as well as LFPR (labour force participation ratio) among rural females, as the ...

India's employment outlook rises 43% in Q2 2025: ManpowerGroup survey

Indian employers continued to report strong hiring intentions globally in the second quarter of this calendar year, with a Net Employment Outlook (NEO) of 43 per cent, a survey said on Tuesday. India continues to lead the global Net Employment Outlook (43 per cent), exceeding the global average by 18 points for the second quarter of 2025, according to the latest ManpowerGroup Employment Outlook Survey. The ManpowerGroup Employment Outlook Survey is based on inputs from 40,413 employers across 42 countries, including 3,000 head hunters across different regions of India from January 2-31, 2025. The survey revealed that 55 per cent of employers intended to hire, 12 per cent foresee a decrease, 29 per cent do not expect any change in their workforce, and 4 per cent are unsure. Information Technology (55 per cent), Industrial and Materials (48 per cent), Health Care and Life Sciences (42 per cent), Transport and Logistics and Automotive (40 per cent) and Communication Services (38 per .

Man earning Rs 82,000 a month says it's not enough, sparks online debate

Reddit users are debating how much money is necessary to live comfortably in a small town after an Indian man posted that he needed a second job despite earning Rs 82,000

MGNREGA work demand remains higher for the fourth straight month

Meanwhile, available funds for the scheme seems to be falling short of the expenditure and as on March 3, a negative net balance of Rs 18,681.24 crore is reflected in the books