According to a statement from the Ministry of Labour and Employment, yhe year-on-year analysis reveals a growth of 3.99 per cent in net payroll additions compared to February 2024, signifying increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO'
The Employees' Provident Fund Organisation (EPFO) is set to introduce UPI integration for claims processing, a move aimed at enhancing efficiency and reducing transaction time, Labour and Employment Secretary Sumita Dawra said on Monday.
Speaking exclusively with ANI, Sumita Dawra, Secretary of the Ministry of Labour and Employment, revealed that PF members will soon be able to withdraw funds through UPI and ATM by the end of May or June this year.
India's social protection coverage increased from 24.4% in 2021 to 48.8% in 2024, according to the ILO's World Social Protection Report (WSPR) 2024-26. This increase acknowledges existing central social protection schemes that had not been considered earlier.
As on March 3, over 30.68 crore unorganised workers have already registered on e-Shram portal, with more than half of them being female by 53.68 per cent, the Ministry of Labour and Employment said.
The Ministry of Labour and Employment has urged platform workers to register on the e-Shram portal so that they can access the announcements made in the Budget.
Achieving 70 per cent female workforce participation by 2047 is crucial for building a Viksit Bharat, as it can unlock significant economic potential and drive national growth, said Sumita Dawra, Secretary, Ministry of Labour and Employment, on Wednesday in New Delhi.
The EC formally adopted the Unified Pension Scheme for EPFO officers and staff, aligning with the recent gazette notification issued by the Ministry of Finance.
The delegation included Thelma John David, Consul General of India in Durban, South Africa, and Piyush Kumar Pathak, Deputy Director from the Ministry of Labour and Employment, the statement said.
The Employees' Provident Fund Organisation (EPFO) on Tuesady released provisional payroll data for November 2024, indicating a net addition of 14.63 lakh members.
Online appointment bookings through the Employees' State Insurance Corporation (ESIC) application (App) have seen remarkable growth, with a 200 increase from 2022 to 2023 and another 177 per cent increase from 2023 to 2024, according to the Ministry of Labour and Employment.