17.80 lakh new employees enrolled under ESIC in October, a 3 pc growth

As many as 17.80 lakh new employees were enrolled under the Employees' State Insurance Corporation (ESIC) scheme during October this year, the Ministry of Labour and Employment said on Wednesday.  The year-on-year analysis showed a growth of 3 per cent in net registrations compared to October last year. The data showed that out of the … Read more

India`s growth momentum has picked up after Q2 slowdown: Jeffries

The improvement in India's economic growth after the slowdown in the July-September quarter is visible as movement indicators like fuel consumption, vehicles tolled and air traffic have strengthened, Jefferies said in a note on Wednesday.  The Jefferies economy tracker composite indicator shows growth pick-up sustaining in November with the indicator up 6.4 per cent year-on-year, … Read more

Centre pays Rs 4,820 crore to 2.75 lakh farmers for pulses under MSP scheme

 The Centre, during the 2023-24 rabi season, has procured 6.41 lakh metric tonnes of pulses at an MSP value of Rs 4,820 crore which has benefited 2.75 lakh farmers, according to a statement issued by the Ministry of Agriculture & Farmers Welfare on Wednesday.  The procurement to support the farmers included 2.49 lakh metric tonnes … Read more

EPFO gives employers final opportunity till Jan 31 to upload wage details for higher pensions

 The Employees’ Provident Fund Organisation (EPFO) on Wednesday gave a final opportunity till January 31, 2025 to employers to upload wage details regarding over 3.1 lakh pending applications for Pension on Higher Wages.  Employers have also been requested to submit replies or update the information in 4.66 lakh cases by January 15, 2025 where clarification … Read more

PLI scheme has attracted Rs 1.46 lakh crore investment, created 9.5 lakh jobs

The Centre’s Production Linked Incentive (PLI) scheme has succeeded in attracting an investment of Rs 1.46 lakh crore in the manufacturing sector and has created over 9.5 lakh jobs, Commerce and Industry Minister Piyush Goyal informed the Lok Sabha. As of date, 764 applications have been approved under PLI schemes across 14 sectors, the minister … Read more