The ELI scheme aims to support employment generation of more than 35 million jobs in two years with an outlay of Rs 1 trillion
India has entered a rare demographic window with a young, growing workforce. But without the right jobs and skills, this opportunity could slip away, locking the country into long-term poverty
India's festive season is expected to generate over 2.16 lakh seasonal jobs in the second half of 2025, marking a 15-20 per cent year-on-year increase in gig and temporary employment, a report said on Wednesday. The rise in festive hiring is being driven by sectors, including retail, e-commerce, BFSI, logistics, hospitality, travel, and FMCG, workforce solutions firm Adecco India said in the report. Hiring activity has gained momentum in anticipation of upcoming festivals like Raksha Bandhan, Dussehra, Diwali, seasonal sales and the wedding season. Many companies are advancing their hiring cycles to stay ahead of demand and ensure operational readiness for what is expected to be a stronger-than-usual festive period. This year's hiring uptick is being driven by improved consumer sentiment, a favourable monsoon boosting rural demand, post-election economic optimism, and aggressive seasonal promotions, the report stated. This report on hiring in seasonal jobs is based on data of Adec
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Union Labour Minister urges state-level integration with Employment Linked Incentive scheme, aimed at creating 35 million formal jobs over two years
Prime Minister Narendra Modi on Saturday emphasised his government's focus on generating employment in the public and private sectors, asserting that the country has progressed in every field in the past 11 years. In a virtual address after the distribution of over 51,000 appointment letters, he said his government's welfare schemes, be it building over 4 crore houses for the poor, distributing over 10 crore new LPG connections or the rooftop solar programme, have created lakhs of new employment opportunities and so have a host of other initiatives that led to growth in manufacturing sector. Speaking of his recent five-nation tour, he said the whole world now recognises the strength of India's demography and democracy. The ability of India's youth is its biggest capital and a guarantee of the country's bright future, he added. He said, "The world acknowledges today that India possesses two infinite powers. One is demography, the other is democracy. In other words, the largest youth
Prime Minister Narendra Modi on Saturday emphasised his government's focus on generating employment in the public and private sectors, asserting that the country has progressed in every field in the past 11 years. In a virtual address after the distribution of over 51,000 appointment letters, he said his government's welfare schemes, be it building over 4 crore houses for the poor, distributing over 10 crore new LPG connections or the rooftop solar programme, have created lakhs of new employment opportunities. Noting that over 25 crore people were lifted out of poverty in the past 10 years, the prime minister said it would not have happened but for the employment and sources of income generated for them. These poor people used to have a difficult living and feared death but became so strong that they defeated poverty, he added. Modi said his government's focus on boosting manufacturing has paid off, saying electronic manufacturing has risen over five times in 11 years and mobile ..
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
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 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 .
Under the scheme, new employees will receive up to one month's EPF wage, capped at ₹15,000, in two instalments
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 ..
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
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
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
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
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
The first set of data will include the figures from January, February and March and thereafter it will be released every month
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
The Union government has partnered with Swiggy to enhance job opportunities and streamline recruitment through its NCS portal