Page 6 - Shiva Rajora

UPS evokes mixed response from unions; BMS supports it, others don't

Meanwhile, All India Trade Union Congress (AITUC) and Centre of Indian Trade Unions (CITU) have rejected the scheme and demanded the restoration of OPS

Fiscal deficit to increase by 15 bps to 5.1% in FY25 due to UPS: Macquarie

Under the unified system, employee contributions will remain unaltered at 10% of basic pay plus dearness allowance

India's GDP growth likely to have moderated in June quarter: Analysts

Slowdown in key drivers due to LS polls and high base effect: Analysts

Cabinet nod to assured 50% of salary as pension for central govt employees

Existing as well as future employees will also have an option of joining the New Pension Scheme (NPS) or UPS

Unemployment among women increased in first quarter, shows PLFS data

PLFS data shows it rose to 9% from 8.5% in urban areas

Stats ministry to work closely with states on local GDP numbers: Secretary

Purpose is to ensure that data collected is 'accurate and clear', he says

Softer rise in manufacturing output slows flash PMI to 60.5 in August

Pace of expansion remains sharp and indicates strong demand and favourable market conditions, HSBC survey

Labour ministry launches centralised portal for construction workers

Preparedness of states/UTs with respect to harmonisation and finalisation of draft rules under the four new labour codes also reviewed

Employment growth in corporate sector declined to 1.5% in FY24: BoB report

Trading witnessed growth in employment even while sales declined

EPFO will migrate to new IT platform in 3 months: Labour minister

Over the next few months, the implementation of the EPFO 2.01 Project will ease the processes and turnaround time for various member and employer transactions

India could be $55 trillion economy by 2047 with 8% growth: IMF official

Krishnamurthy V Subramanian says India can achieve the feat if the country can keep the inflation below 5%

Fresh formal hirings face marginal decline in June, shows EPFO data

The data is signalling a slowdown in the formal labour market

Urban unemployment rate declines to 6.6% in Q1 FY25, shows PLFS data

In contrast, the female unemployment rate increased to 9 per cent in Q1 FY25 from 8.5 per cent in Q4 FY24

Only 21% money in bank accounts belongs to women, shows NSO data

Shows only 36% bank accounts are held by women

India's skilled workforce can play key role in global job market: PM Modi

In July, the Union Budget announced a set of five schemes at a cost of Rs 2 trillion for skilling and employment as part of the Prime Minister's package

WPI inflation cools to 3-month low of 2.04% in July as food prices decline

On the other hand, the prices of potatoes (76.23 per cent) and fruits (15.62 per cent) accelerated during the month

Eighth Economic Census likely next year; data for seventh awaited

Centre asks states, UTs to submit funds and manpower requirements to start work on 8th Census

Results of first-ever service sector annual survey to be out by year-end

In 2019-20, the government had decided to conduct ASSSE on a regular basis on the lines of Annual Survey of Industries (ASI), which is done annually

PM Modi may talk democratic dividend at Independence Day address

In his Independence Day speech last year ahead of the general election, Modi had said the next five years would be the years of unprecedented development

80th NSS round: Surveys soon on health, domestic tourism, and travel

The survey on health will build upon the 79th round of the NSS, which had covered only a few topics on health, in contrast to the latest round, which is expected to be more extensive