Tag Archives: creation

EPFO payroll data shows second-highest job creation in July at 11.62 lakh

Net employment creation in the formal sector was reported at 11.62 lakh in July 2019, according to the latest Employees’ Provident Fund Organisation (EPFO) payroll data. July saw the second highest net job creation numbers, short of 12.23 lakh reported in June 2019 in the previous EPFO release. This is also the third time that formal job creation as per ... Read More »

CII calls for holistic national mission to drive job creation

The Confederation of Indian Industry (CII) has called for a comprehensive National Employment Mission and setting up of an inter-ministerial and all-State National Employment Board to drive job creation. “Employment generation extends to multiple dimensions, and a national mission is required to address all aspects holistically. The government’s National Employment Mission should include flexibility in hiring, tax incentives, education and ... Read More »

Job creation down 1.7 per cent in Feb to 15.03 lakh: ESIC payroll data

NEW DELHI: Job creation dropped by 1.73 per cent in February to 15.03 lakh compared to 15.30 lakh in the same month last year, according to the latest payroll data of the Employees State Insurance Corporation (ESIC). The data showed that during September 2017 to February 2019, nearly 3 crore new subscribers joined the ESIC scheme. The ESIC has been releasing payroll ... Read More »

New Wage Code Bill: A jolt to formal job creation?

The Union cabinet has cleared the labour code on minimum wages.  The wage code bill has proposed a minimum wage of Rs 18,000 which experts say could impact job creation at the entry level since not all companies will be in a position to increase their wage bill across all locations in adherence to the law. Rituparna Chakraborty, Executive Vice ... Read More »

The costs of failing on the job creation front

The potential Indian labour force will continue to rise in the coming decades. Illustration: Jayachandran/Mint Former Chinese president Hu Jintao had famously confided to his US counterpart George W. Bush that the one issue that kept him awake at night was creating enough new jobs to maintain social stability. It is a concern that has—or at least should have—resonated with ... Read More »