Even central ministers who had cited EPFO data openly to indicate job creation by the Modi government had been left red-faced after aggregate jobs declined over the past four months.

This is the first time in several months that EPFO has declared a growth in job creation since September 2017. For the past few months, it has been revising the total job creation downwards from 79.16 lakh to 72.32 lakh in December 2018.

RBI warned govt about DeMo hours before PM Modi's 8 pm announcementHours before Prime Minister Narendra Modi announced demonetisation, removing Rs 500 and Rs 1,000 notes, the Reserve Bank of India (RBI) had warned that banning high-value cash was unlikely to have any substantial impact on tackling the black money menace. This was according to minutes of the meeting revealed by the RBI in an RTI reply. Hiring activity sees 16 per cent growth in February, says report Hiring activities...

\"The EPFO is testing the automation of EPF transfer on changing jobs on pilot basis. The facility for all subscribers is expected to be launched any time next year,\" a senior labour ministry official said.

How does EPF fare against National Pension Scheme (NPS), which has recently become more tax efficient?

CMIE employment report: The labour force is down 25.7 million since September 2016 and the number of employed persons has declined by 18.3 million in the same period.

Job creation per month has shrunk from 5.65 lakh as per the December release to 4.9 lakh per month as declared by the February release.

The apex court in its judgement has ruled that special allowance is part of the basic wages for computing the employees provident fund.

The Employees' Provident Fund Organisation's decision to hike interest rate to 8.65% brings cheer to its over six crore subscribers.

India will stop its share of Indus water to Pakistan, says Nitin GadkariA day after threatening to choke Pakistan's water supply, Union Minister Nitin Gadkari on Thursday said the Centre was planning to build projects on three rivers flowing into the belligerent neighbour, to divert water towards Yamuna.Under the Indus Waters Treaty, India shares water of the Beas and Sutlej rivers with Pakistan. Gadkari later took to Twitter to confirm the upcoming projects that would help divert water towar...

Farmers hit by natural calamities will get 2 per cent interest subvention and 3 per cent more on timely repayment of loans, he said.

India's GDP growth rate in 2010-11, which falls during his second term as the Prime Minister, is the highest recorded, even after the recalibrated GDP data. Recalculated data shows Indian economy growing faster under the Modi government, though.

Going by the pre-poll promise of one crore jobs per year by PM Modi, around 8.4 lakh jobs should have been created every month. The updated EPFO payroll data released in January shows a monthly average of 4.90 lakh only.

Union Budget 2019: Goyal says that the people of country, who gave a strong mandate to the BJP in 2014, has taken several structural reforms, and reversed the image of policy paralysis to restore the nation's image.

Suppression of unpleasant employment data will not help; proper analysis of such data and strategic planning will do.

There is a need for the education system to be transformed, with significant investments and by implementing measures focussed on improving quality.

Congress blames BJP of booking all chartered planes for Lok Sabha poll campaign; Tata Motors launches Tata Harrier SUV; Raghuram Rajan says India to become bigger than China eventually and more business news on News blast

EPFO October numbers claimed jobs grew 5.65 lakh per month for the past 14 months to 79 lakh jobs; new numbers for 15 months recorded only 73 lakh jobs

With the upcoming 2019 General Elections, Priyanka has her work cut out for her. In Eastern UP, she has been given a tough front to hold as Prime Minister Narendra Modi's parliamentary constituency Varanasi falls in this region.

7.32 lakh jobs created in Nov; employment up by 48% in formal sector: EPFO payroll dataEmployment generation in the formal sector increased by 48 per cent to touch a 15-month high of 7.32 lakh in November 2018 as compared to 4.93 lakh in the year-ago month, according to the latest EPFO payroll data. Around 73.50 lakh new subscribers were added to the social security schemes of the Employees' Provident Fund Organisation (EPFO) from September 2017 to November 2018, the data showed. This indicat...