The unemployment rate among the tribal communities has seen a noticeable decline, as it stood at 1.8 per cent in 2022-23, said Union Minister of State for Labour and Employment, Shobha Karandlaje, in Lok Sabha.
The EPFO has added about 6.2 crore members in the last 6 years, as per government sources. About 19 lakh new registrations in EPFO in the month of May 2024.
The data indicates that around 9.85 lakh new members have been added during May, an increase of 10.96 per cent in the new members from the previous month of April 2024 and an 11.5 per cent increase from the previous year May 2023.
In the past two years, 27 establishments have surrendered their exemption, adding about 30,000 employees and an amount of Rs 1688.82 crores to the Fund under the Employees' Provident Fund Organisation (EPFO).
Citing an International Labour Organisation report claiming that 83 per cent of unemployed in the country are youth, Congress President Mallikarjun kharge on Tueasday held Prime Minister Narendra Modi solely responsible for shattering the dreams of crores of youth in the last ten years.
High-ranking officials, including the Secretaries of the Department of Economic Affairs and the Ministry of Labour and Employment, as well as the Chief Economic Adviser to the Government of India, were also in attendance, underscoring the importance of the consultation process.
EPFO will soon introduce UAN based-single accounting system for each member and automation of process flow with minimum human intervention for faster settlement of claims after revamping its application software, the Ministry of Labour and Employment said in a release on Friday.
According to a press release by the Ministry of Labour and Employment, this innovation marks a shift from the traditional physical life certificate submissions, which often posed challenges for pensioners, particularly the elderly.
The Employees' Provident Fund Organization (EPFO) has announced the introduction of auto-mode settlement for advance claims related to education, marriage, and housing. This automated system processes claims without any human intervention, stated the Ministry of Labor and Employment in a rel
Experts say you must start investing for retirement in early 20's. The most popular investment Indians made are PPF and EPF, later is mandatory for employees working in an organisation on pay rolls.