The Employment Provident Fund Organisation (EPFO) has achieved a significant milestone by resolving 60% of advance withdrawal claims through an automated payment mode. This approach has led to the settlement of 2.16 crore cases in the current financial year, surpassing the previous year’s settlement of 89.52 lakh claims. These details were shared by the Minister … Read more
The Ministry of Labour and Employment has directed the Employees’ Provident Fund Organisation (EPFO) to ensure that employees activate their Universal Account Number (UAN) using Aadhaar-based OTP. This initiative is designed to assist employees and employers in taking advantage of the Employment Linked Incentive (ELI) Scheme introduced in the Union Budget 2024-25. Activating UAN is … Read more
India witnessed a surge in formal job creation for women since 2018-19 with net new addition of female employees under the Employees’ Provident Fund Organisation (EPFO) more than doubling in the last five years as companies become more inclusive and move towards greater gender parity. The payroll data for EPFO showed net new addition of … Read more
The labour ministry, on Monday, extended the unemployment benefits under the Employees’ State Insurance Corporation for another two years while extending medical care facilities to the general public from one ESIC hospital, each in Rajasthan and Bihar. Further, the ministry approved setting up of new ESIC hospitals, upgradation of few hospitals and taking over a … Read more
India will look up to the G20 nations to develop an international skills portal to address issues related to global skills gap while deliberating on the gig and platform economy and sustainable financing of social security when it convenes the first meeting of the Employment Working Group (EWG) from February 2-4 in Jodhpur, said officials. … Read more
India’s formal sector employment moved up marginally by 0.4 million in the January-March quarter of 2022 with the total number of workers employed across nine sectors at 31.8 million compared to 31.4 million in the third quarter of 2021-22, the labour ministry said in its quarterly employment survey released on Tuesday. As per the survey … Read more
India’s formal sector employment jumped by 0.4 million in the October-December quarter of 2021 with the total number of workers employed across nine sectors at 31.4 million compared to 31 million in July-September quarter and 30.8 million in the April-June quarter of 2021, the labour ministry said on Thursday. As per the quarterly employment survey … Read more
The government is considering indexing the wage ceiling under the Employees’ Provident Fund Organisation (EPFO) to an inflation gauge or some other measure to allow periodic revision. The last revision in EPFO wage ceiling was done in 2014 when it was raised to ₹15,000 from ₹6,500. The issue was deliberated at the ad-hoc committee on … Read more
Retail inflation for industrial workers rose to 5.56 per cent in December 2021, compared to the same month a year ago mainly due to higher prices of certain food items, the labour ministry said on Monday. “Year-on-year inflation for the month (December 2021) stood at 5.56 per cent compared to 4.84 per cent for the … Read more
Formal job creation in India jumped by 37.9% in November 2021 with 1.39 million net new subscribers added to the Employees Provident Fund Organization compared to 1.01 million added in November 2020, shows the provisional payroll data released on Thursday. Month-on-month, EPFO registered a growth of 25.6% in November or 0.28 lakh more subscribers added … Read more