employment

April 1, 2025 8:07 PM

India’s raw silk production rises to 34,042 metric tonnes in April-January

India's raw silk production has surged to 34,042 metric tonnes during the April-January period of 2024-25, marking an increase of nearly 10,000 metric tonnes from the 24,299 metric tonnes recorded in the same period of 2014-15, the Parliament was informed on Tuesday. Minister of State for Textiles Pabitra Margherita, in a written reply to the Rajya Sabha, attributed this growth to various central government schemes, including the Catalytic Development Programme, North East Region Textile Promot...

February 25, 2025 11:15 PM

EPFO records 16.05 lakh net member additions in December 2024

The Employees’ Provident Fund Organization (EPFO) registered a net addition of 16.05 lakh members in December 2024, reflecting a steady rise in formal employment and growing awareness of employee benefits, according to the latest provisional payroll data released by the Ministry of Labour and Employment. The data highlights a 9.69 per cent increase in net payroll additions compared to November 2024. Year-on-year, the net payroll additions have grown by 2.74 per cent from December 2023, unders...

January 29, 2025 2:59 PM

India’s Digital Economy set to drive nearly 20% of GDP by 2029-30

India's digital economy will contribute nearly one-fifth of the national income by 2029-30, surpassing agriculture and manufacturing in less than six years. With an 11.74% share in GDP in 2022-23 (INR 31.64 lakh crore or USD 402 billion), the digital economy has emerged as a key driver of economic growth. It employs 14.67 million workers (2.55% of the workforce) and is nearly five times more productive than the rest of the economy, according to the Ministry of Electronics & IT. India: Now t...

July 30, 2024 9:03 PM

Govt increases allocations for all social sectors in budget, including agriculture and employment

Finance Minister Nirmala Sitharaman addressed the parliament on Tuesday, responding to discussions on the recent budget. She emphasized significant increases in allocations for various social sector schemes compared to both the previous year and 2013-14. Sitharaman reported that the government's overall expenditure has grown to Rs 48.21 lakh crore, projecting a 7.3% increase over 2023-24 and an 8.5% rise over pre-actuals of 2023-24. In her address, the Finance Minister detailed the growth in s...