News

EPFO adds 18.8 lakh members in September as employment rises The Employees' Provident Fund Organisation (EPFO) has registered a net addition of 18.81 lakh members during September this year which represents a 9.33 per cent growth compared to the same month last year, reflecting increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives, the Ministry of Labour and Employment said on Wednesday.   The data shows a sharp increase in the number of youngsters, who hav...
EPFO adds 18.8 lakh members in September as employment rises
EPFO adds 18.8 lakh members in September as employment rises
Source: IANS
2024-11-21 09:21:58 am
Employment rises in India`s urban areas during July-September There has been an increase in the Labour Force Participation Rate (LFPR) in India’s urban areas among persons of age 15 years and above from 49.3 per cent during the July–September 2023 period to 50.4 per cent in the July–September 2024 period, indicating an increasing in employment, data released by the Ministry of Statistics on Monday showed.   The gender-wise figures show that LFPR for males of age 15 years and above in urban areas increased from 73.8 per cent dur...
Employment rises in India`s urban areas during July-September
Employment rises in India`s urban areas during July-September
Source: IANS
2024-11-18 06:25:48 pm
Employment surging in India`s capital-intensive industries: Goldman Sachs  Over the past ten years, capital-intensive sub-sectors such as electronics, chemicals and machinery within India’s manufacturing sector, have seen a major growth in both employment and exports, according to a Goldman Sachs report. The report states that growth has surged in India’s capital-intensive industries with the government focusing on promoting assembly of electronics, machinery, and pharmaceutical products. This has resulted in the successful outcome of exports to...
Employment surging in India`s capital-intensive industries: Goldman Sachs
Employment surging in India`s capital-intensive industries: Goldman Sachs
Source: IANS
2024-11-03 03:07:23 pm
Cabinet approves Rs 1,000 crore VC fund to propel space sector, boost employment The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved the setting up of a Rs 1,000 crore venture capital (VC) fund dedicated to the growing space sector.  The deployment period of the proposed VC fund, under the aegis of IN-SPACe, is planned to be up to five years from the actual date of the start of the fund operations. The proposed fund is expected to boost employment in the Indian space sector by supporting startups across the entire space supply chain. T...
Cabinet approves Rs 1,000 crore VC fund to propel space sector, boost employment
Cabinet approves Rs 1,000 crore VC fund to propel space sector, boost employment
Source: IANS
2024-10-24 04:14:14 pm
Employment in India surges 36% during 2016-17 & 2022-23 The Ministry of Labour & Employment has said that India has witnessed significant employment growth of nearly 36%, adding around 170 million jobs during 2016-17 and 2022-23. With a robust democracy, dynamic economy, and a culture that celebrates unity in diversity, India’s journey toward becoming a global powerhouse continues to inspire the world. Besides, it said that employment data from the Reserve Bank of India's KLEMS database, which relies on surveys like the Employment...
Employment in India surges 36% during 2016-17 & 2022-23
Employment in India surges 36% during 2016-17 & 2022-23
Source: Accord Fintech
2024-10-07 06:08:53 pm
India`s real estate sector to become next employment generation hub: Industry The real estate sector in India is the second-largest employer after the agriculture sector and the phenomenal growth with an 18.7 per cent compound annual growth rate (CAGR) makes the sector ripe to become the largest employment generating sector and a hub for young talent, industry leaders said on Saturday.  The Indian real estate industry is witnessing a boom in terms of value and volume with a well-established value chain of developers in residential and commercial real estate, co...
India`s real estate sector to become next employment generation hub: Industry
India`s real estate sector to become next employment generation hub: Industry
Source: IANS
2024-10-06 08:49:32 am
Employment in India up 36 pc with 17 mn jobs between 2016-17 and 2022-23: Centre Contrary to the claims of “jobless growth,” the latest government data shows that employment in India increased by 36 per cent (17 million jobs) between 2016-17 and 2022-23.  During the same period, the gross domestic product (GDP) grew at an average rate of over 6.5 per cent. Employment data from the Reserve Bank of India's KLEMS database, which relies on surveys like the Employment and Unemployment Survey (EUS) and Periodic Labour Force Survey (PLFS), indicates a ...
Employment in India up 36 pc with 17 mn jobs between 2016-17 and 2022-23: Centre
Employment in India up 36 pc with 17 mn jobs between 2016-17 and 2022-23: Centre
Source: IANS
2024-10-05 09:50:10 am
Labour participation rate hits record 60.1 pc in India`s urban areas, employment rises The government on Monday said that the overall labour force participation rate (LFPR) in persons of age 15 years and above in India’s urban areas stood at 60.1 per cent in the July 2023-June 2024 period – a significant increase from 57.9 per cent in the July 2022-June 2023 period.  The LFPR for females of age 15 years above has increased from 37 per cent during July 2022–June 2023 to 41.7 per cent in July 2023–June 2024. Similarly, for males of the same age ...
Labour participation rate hits record 60.1 pc in India`s urban areas, employment rises
Labour participation rate hits record 60.1 pc in India`s urban areas, employment rises
Source: IANS
2024-09-24 08:59:35 am
10 lakh youths will get employment in Rajasthan, claims CM Rajasthan Chief Minister Bhajan Lal Sharma said that the state government is working with commitment to the welfare of eight crore people of the state.   "The reflection of the public is seen in each of our works and this paves the way for the all-round development of every sector. On Tuesday, the foundation stone laying and inauguration of works worth more than Rs 10,000 crore is an important step in achieving the goal of developing Rajasthan," he said while announcing the ...
10 lakh youths will get employment in Rajasthan, claims CM
10 lakh youths will get employment in Rajasthan, claims CM
Source: IANS
2024-09-18 09:31:02 am
Government committed to creating conducive environment for employment generation, economic growth: Mansukh Mandaviya Mansukh Mandaviya, Union Minister for Labour and Employment and Youth Affairs and Sports, has said that employment generation is a top priority for the government, and the Employment Linked Incentive (ELI) Scheme is a step in the right direction to achieve this goal. Government is committed to working closely with stakeholders to design a scheme that is robust, inclusive, and aligned with the needs of the economy. Mandaviya highlighted that the Employment Linked Incentive Scheme is a cruci...
Government committed to creating conducive environment for employment generation, economic growth: Mansukh Mandaviya
Government committed to creating conducive environment for employment generation, economic growth: Mansukh Mandaviya
Source: Accord Fintech
2024-09-04 10:12:21 am
MSMEs contribute to nation building, provide employment to millions: Piyush Goyal Union Commerce and Industry Minister, Piyush Goyal has said that an MSME should not be looked upon as merely a small enterprise, its thinking should not be small or negative since MSMEs are a big force, they are successful, they are the strength of the nation, are giving employment to millions of countrymen and contribute to nation building.  Commerce Minister further said that innovative ideas and new ways of doing things are the hallmark of the entrepreneurs of MSMEs. He said the en...
MSMEs contribute to nation building, provide employment to millions: Piyush Goyal
MSMEs contribute to nation building, provide employment to millions: Piyush Goyal
Source: Accord Fintech
2024-08-26 12:56:46 pm
Employment, skilling top focus in Budget: FM Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman on Tuesday presented her seventh straight Budget that would lay a roadmap for 'Viksit Bharat' by 2047, focusing on employment, skilling, agriculture and manufacturing.  The first budget under Modi 3.0 seeks an economic vision that balances fiscal prudence. This is Prime Minister Narendra Modi government's 13th straight Budget since 2014, including two interim ones The Union Budget focuses on supporting consumption via higher all...
Employment, skilling top focus in Budget: FM Nirmala Sitharaman
Employment, skilling top focus in Budget: FM Nirmala Sitharaman
Source: IANS
2024-07-23 11:43:36 am
EPFO adds record 19.5 lakh new members in May as employment rises Employees' Provident Fund Organisation (EPFO) has added 19.50 lakh new members in the month of May this year, which is the highest ever since the first payroll data was issued in April 2018, official figures released on Saturday showed.  The total number of net additions represents a 19.62 per cent increase compared to the corresponding figure for May 2023. The surge in membership is attributed to increased employment opportunities, a growing awareness of employee benefits, and...
EPFO adds record 19.5 lakh new members in May as employment rises
EPFO adds record 19.5 lakh new members in May as employment rises
Source: IANS
2024-07-21 09:57:58 am
Total employment in MSMEs crosses 20.2 crore mark, up 66 pc The total employment reported by the country’s micro, small and medium enterprises (MSMEs) has crossed the 20.2 crore mark, as per data from MSME Ministry’s Udyam registration portal. The number of workers employed with registered MSMEs has shot up by 66 per cent from the corresponding figure of 12.1 crore jobs in July last year. There are 4.54 crore women staffers among the total number of workers employed in these enterprises. There are currently 4.68 crore MSMEs registere...
Total employment in MSMEs crosses 20.2 crore mark, up 66 pc
Total employment in MSMEs crosses 20.2 crore mark, up 66 pc
Source: IANS
2024-07-05 12:56:23 pm
16.47 lakh new workers enrolled in ESI scheme as employment rises The payroll data of the Employees' State Insurance (ESI) scheme released on Wednesday shows that 16.47 lakh new employees have been added in April this year out of which close to half are youngsters aged up to 25 years.  Around 18,490 new establishments have also been brought under the social security ambit of the ESI Scheme in April thus ensuring social security to more workers according to a statement issued by the Ministry of Labour and Employment. "Through the data, it...
16.47 lakh new workers enrolled in ESI scheme as employment rises
16.47 lakh new workers enrolled in ESI scheme as employment rises
Source: IANS
2024-06-20 09:38:58 am
India`s unincorporated sector records 7.84 pc rise in employment  India’s unincorporated non-agricultural sector has registered a robust increase in employment with both manufacturing and services segments recording a significant expansion in establishments in the post-Covid period, according to a survey released by the Ministry of Statistics on Friday.    “The unincorporated non-agricultural sector employed about 11 crore workers from October 2022 to September 2023, up from 9.8 crore in 2021-22, showing a healthy labour marke...
India`s unincorporated sector records 7.84 pc rise in employment
India`s unincorporated sector records 7.84 pc rise in employment
Source: IANS
2024-06-15 09:08:59 am
India offers strongest employment outlook in Asia Pacific in Q3 India has offered the strongest employment outlook in Asia Pacific (APAC) at over 30 per cent in the third quarter (Q3) of 2024, a new report showed on Tuesday. According to the global workforce solutions company ManpowerGroup, the strongest hiring intentions continue in North India at over 36 per cent. The survey, gathering data from 3,150 employers depicted the financial and real estate industries as forerunners in creating employment followed by healthcare and life sciences. "...
India offers strongest employment outlook in Asia Pacific in Q3
India offers strongest employment outlook in Asia Pacific in Q3
Source: IANS
2024-06-11 12:27:38 pm
India`s unemployment rate declines in Jan-March quarter The unemployment rate in India's urban areas decreased to 6.7 per cent during January-March 2024 from 6.8 per cent in the same period of the previous year for persons aged 15 and above, reflecting a continued improvement in the job markets, according to the Periodic Labour Force Survey (PLFS) data released by the National Statistical Office (NSO) on Wednesday. The figures show that the female unemployment rate in the urban areas decreased from 9.2 per cent in January-March 2023 to 8.5 ...
India`s unemployment rate declines in Jan-March quarter
India`s unemployment rate declines in Jan-March quarter
Source: IANS
2024-05-16 09:54:55 am
Employment could rise by 22 pc by 2028 as India aims $5 trillion economy goal As India approaches its $5 trillion economy goal, overall employment could rise by 22 per cent, while unemployment could decline by 97 basis points by 2028, a report showed on Tuesday. The ‘India Employment Outlook 2030’ report by Observer Research Foundation, explored trends across India’s job market at a time of geopolitical churn, supply chain disruptions, and a decline in manufacturing but an explosion of services. India’s economy could touch $5 trillion by 2...
Employment could rise by 22 pc by 2028 as India aims $5 trillion economy goal
Employment could rise by 22 pc by 2028 as India aims $5 trillion economy goal
Source: IANS
2024-04-16 02:21:48 pm
India`s March factory growth hits 16-year high, hiring picks up India's manufacturing industry enjoyed solid growth in March, expanding at the fastest pace in 16 years thanks to accelerating demand, according to a survey that also showed hiring increased at the strongest rate in six months. Ahead of a general election this month, the data is likely to boost support for Prime Minister Narendra Modi's government, which has focused on manufacturing to improve the economy, already the fastest-growing among its major peers. The HSBC final India M...
India`s March factory growth hits 16-year high, hiring picks up
India`s March factory growth hits 16-year high, hiring picks up
Source: Reuters
2024-04-02 11:39:51 am
India sees 3 pc monthly rise in hiring, white-collar gig jobs up 184 pc India saw a 3 per cent monthly rise in hiring in the months of February and March, as white-collar gig jobs skyrocketed 184 per cent (year-on-year), a report showed on Tuesday. Additionally, gig workers, representing a vital workforce segment, expanded by 21 per cent over the same period, highlighting companies’ increasing reliance on freelancers and independent contractors to meet business needs, according to the report by foundit (formerly Monster APAC & ME). The IT sector i...
India sees 3 pc monthly rise in hiring, white-collar gig jobs up 184 pc
India sees 3 pc monthly rise in hiring, white-collar gig jobs up 184 pc
Source: IANS
2024-04-02 10:49:40 am
India`s policies to empower women take centre stage at G20 meet The second day of the G20 Employment Working Group (EWG) meeting here on Friday started with a special session dedicated to the follow-up of the implementation of commitments made during India’s G20 presidency which includ the need to develop an international reference classification of occupations and skills and the empowerment of women at the workplace. India highlighted the need for G20 countries to work for the incorporation of basic and extended indicators in respective national...
India`s policies to empower women take centre stage at G20 meet
India`s policies to empower women take centre stage at G20 meet
Source: IANS
2024-03-30 09:09:42 am
Strong demographic trend a structural positive for India: Morgan Stanley  India’s demographic trend of a younger workforce positions it positively as most large economies face shrinking working-age populations and tight labour markets, global brokerage, Morgan Stanley said. Per UN estimates, India's working-age population will continue to grow until 2037, with age dependency falling until 2032, and India will account for 21 per cent of the incremental increase in global working-age population in the next 10 years. “As such, we envisage t...
Strong demographic trend a structural positive for India: Morgan Stanley
Strong demographic trend a structural positive for India: Morgan Stanley
Source: IANS
2024-03-12 02:37:30 pm
ITCONS E-Solutions shines on winning new bid for 90 employees from Wipro ITCONS E-Solutions is currently trading at Rs. 64.00, up by 2.33 points or 3.78% from its previous closing of Rs. 61.67 on the BSE. The scrip opened at Rs. 66.45 and has touched a high and low of Rs. 66.45 and Rs. 64.00 respectively. So far 12000 shares were traded on the counter. The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 77.90 on 22-Feb-2024 and a 52 week low of Rs. 33.01 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs...
ITCONS E-Solutions shines on winning new bid for 90 employees from Wipro
ITCONS E-Solutions shines on winning new bid for 90 employees from Wipro
Source: Accord Fintech
2024-03-07 10:35:28 am
EPFO adds 15.62 lakh net members in December 2023 as employment rises EPFO’s data released on Tuesday highlighted that 15.62 lakh net members have been added to the employment payroll in December, 2023 which is highest in the last three months. There has been an increase of 11.97 per cent in the net EPFO member addition during the month as compared to November. Further, the year on year analysis reveals a growth of 4.62 per cent in net member additions compared to December 2022. “This surge in membership can be attributed to various factors...
EPFO adds 15.62 lakh net members in December 2023 as employment rises
EPFO adds 15.62 lakh net members in December 2023 as employment rises
Source: IANS
2024-02-20 05:50:19 pm
Freshers` hiring intent up 6 per cent in India, E-com & tech startups lead  The intent for hiring freshers in India has increased to 68 per cent in the first half (HY1) of 2024 (January-June 2024), up six per cent from HY1 2023, with e-commerce and tech startups leading, a new report revealed on Tuesday. According to learning and employability solutions provider TeamLease EdTech, the overall hiring intent for all categories of job seekers has increased marginally to 79.3 per cent, implying a positive job market in the coming months for freshers. The top t...
Freshers` hiring intent up 6 per cent in India, E-com & tech startups lead
Freshers` hiring intent up 6 per cent in India, E-com & tech startups lead
Source: IANS
2024-02-13 02:00:27 pm
Travel surge drives 50% rise in hospitality jobs in India Driven by a surge in travel, there has been a 50 per cent surge in hiring for tourism and hospitality jobs between December 2022 and 2023 in India, according to a report on Wednesday. The report by Indeed, a global hiring and matching platform, also revealed that blue-collar hiring in the tourism and hospitality industry witnessed an overall 8 per cent increase. The rise not only signals a noteworthy post-pandemic recovery but also reflects a promising future for the industry while unde...
Travel surge drives 50% rise in hospitality jobs in India
Travel surge drives 50% rise in hospitality jobs in India
Source: IANS
2024-01-17 03:07:06 pm
Hiring expansion in India expected to be 8.3% this year Hiring expansion in India is expected to be 8.3 per cent in 2024, with a growing demand for talent in AI/ML, data science, and cybersecurity, a new report said on Thursday. Hiring activity in 2023 was 5 per cent lower than in 2022, indicating a slowdown in the job market. However, in December last year, there was a 2 per cent increase in the hiring activity, suggesting a possible turnaround in the hiring scenario, according to the talent management platform foundit (formerly Monster jobs)....
Hiring expansion in India expected to be 8.3% this year
Hiring expansion in India expected to be 8.3% this year
Source: IANS
2024-01-04 12:32:49 pm
Hiring in Indian IT sector likely to see turnaround with 8-10% growth in 2024 The Indian IT sector, which has seen contraction in hiring amid global economic slowdown and funding winter, is likely to witness a positive turnaround with 8-10 per cent increase in hiring in 2024, a new report showed on Wednesday. Overall, the hiring in the IT sector is expected to surge by 12-15 per cent in CY 2024, especially due to the surge in global capabilities centres (GCCs) and global economy settling down comparatively, according to talent solution company NLB Services. &ldqu...
Hiring in Indian IT sector likely to see turnaround with 8-10% growth in 2024
Hiring in Indian IT sector likely to see turnaround with 8-10% growth in 2024
Source: IANS
2023-12-27 02:18:21 pm
Banks in Punjab told to speed up disbursal of self-employment loans  Punjab Finance Minister Harpal Cheema and Member of Parliament Vikramjit Singh Sahney on Friday reviewed the progress of sanctioning and disbursement of loans under various schemes for self-employment with state heads of 40 banks here. The banks were asked to present their performance for giving loans, among other schemes, under Mudra Scheme for providing bank loans up to Rs 10 lakh for micro enterprises and the PM Employment Generation programme for loans up to Rs 50 lakh in manufac...
Banks in Punjab told to speed up disbursal of self-employment loans
Banks in Punjab told to speed up disbursal of self-employment loans
Source: IANS
2023-12-22 03:42:42 pm
Only 45% job seekers employable in Indian IT-tech sector amid skill crunch With the widening skill gap in the Indian IT industry, only 45 per cent of job-seeking graduates seem employable and 1.55 lakh freshers are likely to be recruited in the IT/tech sector in FY24 versus 2.3 lakh in FY23, a report showed on Tuesday. With approximately 1.5 million engineering graduates actively seeking IT/Tech roles, muted market sentiments and intensified skills evaluation mechanisms have created a turbulent landscape. The Indian IT industry is set to hire 10 per cent of en...
Only 45% job seekers employable in Indian IT-tech sector amid skill crunch
Only 45% job seekers employable in Indian IT-tech sector amid skill crunch
Source: IANS
2023-12-19 11:38:49 am
Denmark-based COWI rolls out industry-first paternity leave policy for its India arm COWI in India, a subsidiary of global engineering and design consultancy COWI A/S with a global turnover of nearly billion dollars, on Wednesday said it has implemented an industry-first initiative for its male employees in India by offering enhanced paternity leave benefits, of up to six weeks or 30 working days, both in the case of childbirth and adoption. According to Denmark-headquartered COWI, the benefit will be available in three blocks and up to 12 months to help male parents take ...
Denmark-based COWI rolls out industry-first paternity leave policy for its India arm
Denmark-based COWI rolls out industry-first paternity leave policy for its India arm
Source: IANS
2023-12-13 04:30:56 pm
Hiring for blue-collar workforce in India up 7.4% in 2023 The blue-collar workforce in India saw a rise of 7.4 per cent in hiring in 2023 and logistics, construction and real estate, tourism and hospitality emerged as the top sectors for top job opportunities, a report showed on Monday. Kolkata emerged as the leading metro city showing growth in hiring. Following closely behind, Pune and Chandigarh emerged as the top-tier 2 cities displaying substantial progress in employment opportunities. Several factors, including the growth of SMBs, urb...
Hiring for blue-collar workforce in India up 7.4% in 2023
Hiring for blue-collar workforce in India up 7.4% in 2023
Source: IANS
2023-12-11 12:41:36 pm
Quess Corp rises on signing MoU with NSDC to enhance employability of Indian youth Quess Corp is currently trading at Rs. 500.90, up by 8.25 points or 1.67% from its previous closing of Rs. 492.65 on the BSE. The scrip opened at Rs. 497.95 and has touched a high and low of Rs. 502.00 and Rs. 494.70 respectively. So far 8570 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 527.30 on 23-Nov-2023 and a 52 week low of Rs. 337.45 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs. ...
Quess Corp rises on signing MoU with NSDC to enhance employability of Indian youth
Quess Corp rises on signing MoU with NSDC to enhance employability of Indian youth
Source: Accord Fintech
2023-12-05 10:12:24 am
Stocks retreat after rally with jobs data eyed, yields climb -A gauge of global stocks was poised to snap a four-session winning streak on Monday while Treasury yields rose as investors awaited U.S. labor market data to indicate the likely route of the Federal Reserve's rate policy. Softening economic data and recent commfents from Fed officials, including Chair Jerome Powell, have heightened expectations that the U.S. central bank has ended its interest-rate-hiking cycle and will begin to cut rates as soon as March. The next Fed policy meeting ...
Stocks retreat after rally with jobs data eyed, yields climb
Stocks retreat after rally with jobs data eyed, yields climb
Source: Reuters
2023-12-05 09:11:33 am
NSDC joins hands with Blinkit, Apna, Quess Corp to boost employment The National Skill Development Corporation (NSDC), working under the aegis of the Ministry of Skill Development and Entrepreneurship (MSDE), on Monday announced that it has signed Memorandum of Understanding (MOUs) with Blinkit, Apna and Quess Corp, in an effort to generate employment and promote skill development in the country. The partnerships aim at creating a readily available workforce for diverse industries, each contributing to different sectors of the economy. While Apna and Qu...
NSDC joins hands with Blinkit, Apna, Quess Corp to boost employment
NSDC joins hands with Blinkit, Apna, Quess Corp to boost employment
Source: IANS
2023-12-04 01:52:51 pm
Over half of senior citizens aged over 65 want jobs in South Korea  More than half of senior citizens aged over 65 want to have jobs, with about 20 per cent of them having the experience of looking for a place to work in the past year, government data showed on Sunday. In a survey carried out by Statistics Korea in May, 55.7 percent of senior citizens aged between 65 and 79 said they want to "continue to work." The ratio is up 0.9 percentage point from 54.8 percent in the same month of last year and up 12.1 percentage points from 43.6 pe...
Over half of senior citizens aged over 65 want jobs in South Korea
Over half of senior citizens aged over 65 want jobs in South Korea
Source: IANS
2023-12-03 11:52:31 am