formal employment News

Historic Surge in Formal Employment: EPFO Reports Over 20L Job Additions in May Across Genders and Sectors

India's formal employment sector saw a record addition of over 20 lakh jobs in May, as reported by EPFO, showcasing significant growth across genders, sectors, and regions, driven ...

Indian Staffing Federation Advocates for Lower GST to Boost Formal Employment and Sector Growth

The Indian Staffing Federation proposes a GST reduction from 18% to 5% on employment services to boost formal job creation, arguing it would have minimal fiscal impact but signific...

India's Formal Job Market Set to Break Records in FY 2024-25: Insights from EPFO Data

India's formal job market is expected to reach record highs in FY 2024-25, with EPFO data showing 13.22 million jobs added in the first 11 months. Economic recovery and digital wag...