Govt rebuts Citigroup's claim that India will fail to plug jobs gap with 7% growth
The ministry says it strongly rebuts such reports which do not analyse all official data sources available in the public domain.
The ministry says it strongly rebuts such reports which do not analyse all official data sources available in the public domain.
In November, approximately 7.86 lakh new members were added to the EPFO, witnessing a 10% month-on-month decline as against 8.16 lakh new members in October, the data reveals.
Majority of new members joining EPFO are in the age group of 18-25 years, constituting 58.45% of total new members' additions during the month
The Employees' Provident Fund Organisation (EPFO) added 17.89 lakh net members in June
The Employees' Provident Fund Organisation (EPFO) added 17.88 lakh members in April.
Out of 13.96 lakh members added during the month, around 7.38 lakh new members have come under the ambit of EPFO for the first time.
The country's job crisis is structural and systemic; reliance on high growth and manufacturing has simply not worked.
A parliamentary panel estimates a loss of ₹1.84 lakh crore due to the 2019 corporate tax cut in the first two fiscals of FY20 and FY21 alone
While job crisis tightens its grip, state governments are seeking an easy escape by passing the burden to private sector, although not entirely without valid reasons.
The increased capital expenditure by government, ECLGS and production-linked incentive scheme in the Budget are meant to create jobs, says FM Sitharaman.