NET FORMAL JOB CREATION

"The recently launched phase III of BharatNet marks a significant shift in strategy," said Subburathinam P, chief strategy officer at TeamLease Services. "This phase prioritises last-mile connectivity through innovative solutions such as Wi-Fi hotsp...

India's economic outlook is cautiously optimistic, with strong rural and urban demand, and robust manufacturing and services activity. However, export recovery faces challenges due to softening global demand. Inflation is expected to moderate due to...

Market expert Ajay Bagga analyzes the implications of the recent election results in Maharashtra, highlighting the positive impact of policy continuity and political stability on investors. He discusses the effectiveness of welfare schemes, the chal...

India witnessed the creation of 1.88 million net formal jobs in September, marking a 9.3% surge compared to the previous year, as per government data. This growth is attributed to increased employment opportunities and EPFO's outreach initiatives, w...

As per the provisional payroll data, released by the ministry of labour and employment on Tuesday, around 23,043 new establishments have been brought under the social security ambit of the ESI scheme in September compared to 28,917 new establishment...

India's workforce is set to expand, adding over 33 million workers by 2028. The tech industry will see significant growth, with 2.73 million new jobs driven by AI. Retail, manufacturing, education, and healthcare sectors will also experience job cre...

India's workforce is projected to add 33.89 million jobs by 2028, with the retail sector leading the way. Technological advancements, particularly in AI, are driving this growth, creating 2.73 million new tech jobs. Software development, data engine...

India needs to add 10 million jobs yearly from 2024-25 to 2029-30 for steady growth, a Goldman Sachs report reveals. Creating jobs in agriculture and services played a significant role recently. Policies suggested include boosting social housing, ex...

As per the provisional payroll data, released by the ministry of labour and employment on Saturday, around 28,917 new establishments have been brought under the social security ambit of the ESI scheme in August compared to 56,467 new establishments ...

India's economy is projected to grow 7-7.2% in the current fiscal year due to strong government spending and increased manufacturing investments. However, global growth challenges may affect next year's outlook. Employment gains and initiatives like...

Net formal job creation under India's EPFO sees a 9.07% rise to 1.85 million in August 2024 compared to August 2023. Significant contributions came from Maharashtra and the youth demographic. Female membership surged 10.4%, reflecting increased empl...

India must tackle unemployment through collaborative efforts involving the private sector, government, NGOs, and citizens by focusing on employment-intensive sectors. Key strategies include monetizing traditional skills, reskilling graduates, revisi...

As per the provisional payroll data, released by the ministry of labour and employment on Friday, around 56,467 new establishments have been brought under the social security ambit of the ESI scheme in July compared to 13,483 establishments added in...

As per the provisional payroll data, released by the ministry of labour and employment on Thursday, month-on-month the formal jobs created under ESIC were 6% lower when compared to 2.30 million formal jobs created in May 2024.

The provisional payroll data, released by the ministry of labour and employment on Saturday, shows this is a surge of 7.86% in net new subscriber addition when compared to 1.78 million net new subscriber addition in June 2023.

The Ministry of Labour and Employment finalized three employment-linked schemes, targeting 29 million formal jobs in two years via EPFO. Approval from the expenditure finance committee and cabinet is awaited. The schemes will be launched after signi...

The Government of India's plan to subsidize employment for inexperienced workers is backed by both theoretical and empirical support, with a focus on providing social security and improving long-term job prospects for disadvantaged individuals. This...

In May 2024, formal job creation under ESIC surged by 13.9%, with 2.30 million new jobs compared to the previous year. A considerable portion of these additions, 48.37%, were young workers. ESIC also registered 20,110 new establishments under the ES...

The government introduces 3 schemes worth Rs 1.07 lakh crore through EPFO to enhance employment opportunities. New initiatives target first-time employees and employers, aiming to benefit 290 lakh youth. EPFO reports highest member addition in histo...