NSO Released Special Report On Condition Of The Job Market

NSO released a special report on the condition of the job market in 4 years.

A special report has come on the job market of the last four years in the country. It has been told that how many new people have joined schemes like EPf, ESIC, and NPS in the last 4 years.

The figures are fantastic. According to the report of the National Statistical Office (NSO), there has been a significant increase in the number of new subscribers coming to EPF.

The report titled Payroll Reporting in India – A Formal Employment Perspective states that between September 2017 and July 2021, about 4,51,49,064 new subscribers joined EPF.

At the same time, 5,42,91,533 new subscribers came into the ESI scheme.

While 28,24,630 new subscribers contributed to the NPS Central Government, State Governments, and Corporate schemes.

NSO released a special report: Net added 14.65 lakh, new members, in July.

Payroll Reporting in India states that as of July 2021 alone, the Employees’ Provident Fund Organization (EPFO) has net added 14.65 lakh, new members.

These figures show the employment situation in the organized sector in the country. According to the provisional payroll data released by EPFO, 14.65 lakh new members were added to the net in July 2021.

June’s enrollment figure was reduced.

The net new enrollment figure in June this year has been reduced to 11.15 lakh. Earlier it was estimated to be 12.83 lakh.

As per the data, EPFO ​​had a net added 8.9 lakh, new members, in April and 6.57 lakh in May.

The second wave of the Covid-19 epidemic came in April.

The second wave of the Covid-19 epidemic started in mid-April, after which many states had to impose lockdown restrictions.

The EPFO ​​said these figures are provisional and the updating of employee records is a continuous process. EPFO manages the Social Security Fund of employees in the organized/semi-organized sector.

RINL Sale Update: Five big companies join the race to become Transaction Advisor for RINL Sales.

At least five companies, including Ernst & Young LLP and SBI Capital Markets, are in the race for the sale of the government’s 100 percent stake in RINL to act as transaction advisors.

According to a notice on the DIPAM website, Deloitte Touche Tohmatsu India LLP, JM Financial Limited, and RBSA Capital Advisors LLP are also bidding to act as an advisor, managing the RINL sale.

The companies will make their presentation before the Department of Investment and Public Asset Management (DIPAM) on September 30.