India clocks record foodgrain production at 3,323 lakh metric tonnes in 2023-24

India clocked record foodgrain production at 3,322.98 LMT (lakh metric tonnes) in the agriculture year 2023-24 — higher by 26.11 LMT than the production of foodgrains at 3,296.87 LMT achieved during agriculture year 2022-23, the Centre said on Wednesday.   The foodgrain production saw a record increase due to good results with rice, wheat, and … Read more

EPFO adds highest-ever 19.94 lakh members in July, surge in 1st-time job seekers

The Employees' Provident Fund Organisation (EPFO) added 19.94 lakh net members in the month of July, marking the highest recorded increase since payroll data tracking began in April 2018, data from the Ministry of Labour and Employment showed on Monday.  The EPFO added 10.52 lakh new members in July, a 2.66 per cent increase over … Read more

Demand from tier 2, 3 cities spurs surge in greenfield hotel investments in India

The Indian hospitality industry has ramped up investments in greenfield hotel development, driven by the demand coming from tier 2 and 3 cities amid rising disposable incomes and overall economic growth.  In the first half of this year, greenfield hotel investments in the country rebounded to pre-Covid levels, as per latest data from HVS Anarock. … Read more

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 … Read more

EPFO logs highest-ever addition of 19.94 lakh members in July

Marking the highest recorded increase since payroll data tracking began in April 2018, Mansukh Mandavia, Union Labour Minister, said the Employees Provident Fund Organisation (EPFO) added 19.94 lakh net members in July 2024. This highlighted a shift in India’s employment landscape, reflecting the effectiveness of the Modi Government’s transformative schemes aimed at driving job creation … Read more

India to sign bilateral investment treaty with Uzbekistan during FM Nirmala Sitharaman`s visit

Finance Minister Nirmala Sitharaman is set to embark on an official visit to Uzbekistan from September 24-28, to attend the ninth annual meeting of Board of Governors of Asian Infrastructure Investment Bank (AIIB).  FM Sitharaman will hold bilateral meetings with her counterparts from Uzbekistan, Qatar and China, along with the AIIB President. The Finance Minister … Read more