There were at least 2.2 million formal jobs that were added to the economy over the last six months as per the payroll data as was shared by the Employees’
As far as NPS is considered, the new accounts that were opened in the central and government domain were lying at 350,000 during this tenure and which subsequently corresponds to claim of 2.2 million jobs. This data is indeed a comfort to the government which was facing a lot of backlash over lazy job creation in the country. As per the payroll numbers released by the Employees’ State Insurance Corp. the total addition in the age group of 18-25 years is 830,000, which makes the total number of jobs created in the six months to more than 3 million.
NOT A FULL COUNT
India’s sorted out information on payroll is right now collated with the help of data from firms enlisted under ESIC and EPFO. Be that as it may, organizations with 20 and more representatives are enrolled under the Employees’ Provident Funds and other miscellaneous provisions act, while the ESIC Act covers those with at least 10 workers. Likewise, huge entities, or the exempt associations, can deal with their retirement fund in-house. EPFO trusts the age-wise indexing will help arrangement making.