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ABRY JOBS
Formal job creation down for two fiscals after record FY23Net formal job creation under EPFO has declined for two consecutive years through FY25, falling from 13.8 million in FY23 to 12.9 mn. This ...- Fool-proof mechanism in place to implement employment linked incentive scheme: Labour MinistryThe Labour Ministry has devised a digital mechanism for the Rs 1.07-lakh crore Employment Linked Incentive (ELI) scheme, aiming to generate...
- Record formal job creation likely in 2024-25, but fewer new employers join EPFOIndia anticipates a record high in formal job creation for fiscal year 2024-25. This suggests strong hiring driven by robust economic growt...
- Growth in PF contribution slows down to a 10-year low in 2023-24Provident fund (PF) contributions experienced their slowest growth in a decade, excluding the COVID-19 year, rising by just 6.5% to ₹2.6 la...
- Budget 2024: Govt's formal job scheme may get extensionThe government is considering extending the Aatmanirbhar Bharat Rozgar Yojana (ABRY) in the upcoming interim budget, according to anonymous...
- Scheme for formal employment generation falls short of targetAs per latest government data, enrolments under ABRY stood at 6.04 million as on July 22, 2023, well short of the revised target of generat...
- Aatmanirbhar Bharat Rojgar Yojana benefitted over 60 lakh beneficiaries in pandemic: Labour Minister"The terminal date for registration of beneficiaries was March 31, 2022. As on November 28, 2022, benefits have been provided to 60.13 lakh...
- Atmanirbhar Bharat Rozgar Yojana jobs target surpassed by 28%Latest data show 7.51 million jobs were created under the scheme since its notification in December 2020, over a quarter more than the init...
- 3.29 million jobs created in 10 months under Aatmanirbhar Bharat Rojgar Yojana: EPFO dataUnder the scheme, the government reimburses 24% - 12% each for employees and employers - for two years for all new formal jobs created in e...
- Government extends Atmanirbhar Bharat Rojgar Yojana deadline till March 2022Even workers who had lost jobs during the pandemic period between March 1, 2020 and September 30 and later got employed under EPFO register...
- Labour ministry mulls extending ABRY deadline till March 2022 to boost fresh hiringUnder the ABRY approved by the Union Cabinet in December last year, the government pays mandatory employees provident fund contributions of...
- One year since COVID-19 lockdown: India still recovering from unemployment blowThe government had imposed a lockdown to curb the spread of the pandemic but this impacted economic and commercial activities and resulted ...
- 16.5 lakh registrations under Atmanirbhar Bharat Rozgar Yojana since OctoberOut of this, approximately 13.64 lakhs are new joinees with UAN generated on or after October 1, 2020 and approximately 2.86 lakhs are re-j...
- 16.5 lakh benefited under Aatmanirbhar Bharat Rozgar YojanaAround 16.5 lakh people have benefited from the Aatmanirbhar Bharat Rozgar Yojana (ABRY) which was launched in October to encourage hiring ...
- EPFO closed 71.01 lakh EPF accounts in April-December 2020"The number of Employees' Provident Fund (EPF) accounts closed during the period from April to December, 2020 is 71,01,929," Labour Ministe...
- Labour codes to herald new wave of reforms in 2021; job creation likely to be major challengeThis year has also been a challenging year for the workforce as well as for employers due to the outbreak of the COVID-19 pandemic. The gov...
- EPFO settles 60.88 lakh COVID-19 advance claims, releases Rs 15,255 crore till Jan 31The EPFO has settled 60.88 lakh COVID-19 withdrawal claims and disbursed Rs 15,255.95 crore to subscribers during the pandemic till January...
- Jobs: A prime cause for concern as Nirmala Sitharaman puts finishing touches to Budget 2021Urban employment in India in the January-March quarter 2020 stood at 9.1%, higher than 7.9% in the preceding quarter.
- Herculean task of providing social security cover for informal workers awaits EPFO in 2021The Employees' Provident Fund Organisation will have a herculean task in improving the delivery of services with focus on implementation of...
- Atmanirbhar Bharat Rozgar Yojana: Job plan may have a tough job to doThe ceiling will exclude employers from benefiting from the subsidy for jobs that pay even slightly more than ₹15,000 but well within wage ...
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