PM Modi argued that when investment in infrastructure projects like, making roads, laying down rail lines, setting up power generation is at all-time high, how come the jobs will not be created.

ASK Wealth Advisors tries to estimate jobs using a completely new methodology -- the Sit-Stand-Go model, which relies on proxies (and some surveys) to come up with the number of about 5 million non-farm jobs being created annually in India.

At present, the social security contribution is fixed at 24 per cent ( 12 per cent employee contribution and 12 per cent employer contribution) of an employee's basic salary. 

According to the data released on June 20, May 2018 saw maximum enrolment of new workers in last eight months at 7,43,608. While 2,51,526 of them belonged to the age bracket of 18 to 21, the 22 to 25 years age group followed with 1,90,090 new jobs that month.

EPFO's new payroll data suggests that as many as 4,474,859 jobs were created during September 2017 to May 2018. However, the EPFO lowered earlier estimate of new members enrolment by 9.57 per cent for September 2017-April 2018.

India has a huge official data and statistics problem and the problem is only growing bigger by the day.

With all the requisite details, you can check the balance amount in your EPF account instantly with the help of Employees' Provident Fund Organisation (EPFO) different tools, including the EPFO portal, app, SMS and missed call service.

Members would also have an option to withdraw the remaining 25 per cent of their funds and opt for a final settlement of their accounts after completion of two months of unemployment under the new provision in the Employee Provident Fund Scheme 1952.

Now apply for passport from anywhere in India: MEA  External Affairs Minister Sushma Swaraj has launched a new scheme under which a person can apply for a passport from anywhere in India irrespective of the place of stay. She also launched a mobile application, available in Android and iOS platforms, that would have the facilities for applying, paying and scheduling appointments for acquiring a passport. A person can now choose the Regional Passport Office (RPO) and the Passp...

EPFO has reportedly proposed that its over five crore members be allowed to withdraw only 60 per cent of their PF or an amount equivalent to three months' salary - whichever amount is lower - if they are unemployed for one month.

The government is reportedly mulling reforms in labour laws to make sure employers do not keep basic income low in order to reduce employees' contributions towards social security schemes.

Salary structure does play a role in reducing income tax liability for all employees. So, employees have a good scope of saving tax by tweaking their salary structure, in consultation with their employer.   

How badly India needs to fix its employment (and unemployment) and jobs data problem can be seen from the furious debates that break out each time a new study on job creation comes out, writes Business Today Editor Prosenjit Datta.

The trade union also opposed contract labour, integration of ESIC and EPFO ,and cautioned against opening up Indian social security sector to foreign private players.  

The facility is provided to those beneficiaries who do not possess Aadhaar cards or fail fingerprint authentication

Managing your money can be tricky. Send your queries, and top-notch industry leaders will help you resolve any issue.

After the National Democratic Alliance (NDA) government led by Prime Minister Narendra Modi took over the reins, the feeling that the country is not creating enough jobs has only increased.

There are around 60 lakh pensioners out of which around 40 lakh are getting less than Rs 1,500 per month and others get a maximum of Rs 2,000-2,500 per month. EPS-95 is one of the social security schemes run by the EPFO.

The young teacher and his wife are ready to take the next step with their money and work towards essential goals, including securing their child's future and planning for retirement, says Bengaluru-based Financial Planner