Payroll News

News

In October, EPFO added 12.94 lakh net members: Payroll data

According to the data, the ministry said around 2,282 new establishments have started complying for the first time under the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952

1 min read20 Dec 2022
Markets

Sensex, Nifty seen steady on Monday; RIL, IndusInd Bank shares to be in focus

Oil prices rose after the OPEC, Russia and allies agreed on Saturday to extend the record oil production cuts until the end of July

2 min read8 Jun 2020
Markets

Rupee closes at three-week high of 69.22 against dollar

All eyes now on Friday’s release of US payrolls data, which is expected to show a tight labour market that is pressuring firms to boost wagesDevelopments in US-China trade talks are also in focus

1 min read3 May 2019
News

Jerome Powell pledges flexible Fed policy, won’t quit if Trump asks him

US stocks extended gains as the Fed chairman sounded like he sees scope to wait and see how the economy performs before raising interest rates again

3 min read4 Jan 2019
Politics

India jobs crisis: How accurate is EPFO payroll data?

Experts say the numbers must not be construed as job additions, as they signal formalization of existing jobs

4 min read31 Oct 2018
Opinion

Opinion | Why does govt peddle statistics not reflective of jobs growth

What could pass as byproducts of administrative churning by social security agencies cannot be flagged as growth in jobs

3 min read1 Nov 2018
Opinion

Opinion | EPFO’s bid to publish payroll data is a gift to policymaking

Most organizations could not create new UANs as Aadhaar numbers failed to pass demographic test

2 min read30 Oct 2018
Politics

In last one year, 9.1 mn quit jobs, 1.85 mn  returned: EPFO data

The data indicates that for every nine people who left formal jobs, nearly two came back to the formal job sector.

2 min read26 Oct 2018
Politics

Job creations soar to 11-month high of 9.51 lakh in July

New job creations in July rose to an 11-month high of 9.51 lakh, taking the total tally of new enrolments to 61.81 lakh since September 2017, EPFO's payroll data shows

1 min read20 Sep 2018
News

US weekly jobless claims fall to near 49-year low

US weekly jobless claims drop 10,000 to 203,000, private payrolls increase 163,000 in August

3 min read6 Sep 2018
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