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Rural poverty ratio fell below 5% in FY24 for the first time: SBI Research

In comparison, the poverty ratio in urban areas fell to 4.09 per cent from 4.6 per cent during the same period

Widening the security net: Framework for gig workers set for June launch

Labour lawyer B C Prabhakar said that since the new labour codes are not yet implemented, it is pertinent that the government come up with a holistic framework for welfare of this bulging workforce

172 mn jobs created during 2014-24; 46 mn in FY24: Mansukh Mandaviya

He also highlighted that there has been tremendous growth in youth employment and a reduction in unemployment rates, as evidenced by the latest PLFS

India's manufacturing PMI slips to 12-month low of 56.4 in December

Pranjul Bhandari, chief India economist at HSBC, said that India's manufacturing activity ended a strong 2024 on soft note, amidst more signs of a slowing trend, albeit moderate, in industrial sector

NSO seeks private firms to conduct socio-economic sample surveys

By partnering with private agencies, the NSO seeks to tap into additional expertise and resources, enabling more efficient survey execution

Transforming EPFO: Can it pivot into a user-friendly organisation?

With the number of rejections rising to almost a third of claims, the government is taking steps to radically reform the country's largest social security platform in order to ease payouts of benefits

Core sector growth beats high-base effect, at 4-month high of 4.3% in Nov

In August, the output of the core sector had contracted (-1.6 per cent) for the first time in 42 months

NE states led growth in consumption expenditure during 2023-24: NSO

Data showed that average MPCE in rural Sikkim grew by 21.3 per cent to Rs 9377 during the period

Rural, urban food spending rises amid inflation pressure, shows HCE report

Conversely, among non-food items, rural households reduced spending on medical care, education, rent, fuel, and durable goods

Formal sector new hirings drops 20.8% in Oct, EPF additions hit 7-month low

"The increase in female member additions is indicative of a broader shift towards a more inclusive and diverse workforce"

Rise in unincorporated establishments driven by OAEs, shows NSO data

The share of OAEs stood at 84.2 per cent in the 73rd round of the National Sample Survey (NSS), conducted between July 2015 and June 2016

Job creation slows in unincorporated sector in 2023-24: NSO report

This is according to the latest factsheet titled 'Annual Survey of Unincorporated Sector Enterprises (ASUSE)' released by the National Statistical Office (NSO) on Tuesday

Lower-paid workers at higher risk of severe injury in auto sector: Report

The report, Crushed 2024, is the sixth annual study on the state of worker safety in the Indian auto sector

Investments, consumption to drive growth in FY26 to 6.6%: India Ratings

The rating agency also noted that inflation is likely to decline to 4.3 per cent in FY26 from 4.8 per cent projected by the central bank for the current fiscal

ITI upgradation scheme to be launched in January, says skill ministry

The finance ministry has provided Rs 1,000 crore for the scheme in the current fiscal year

WPI inflation eases to three-month low in Nov as food prices cool

Food prices declined to 8.63% last month from 13.54% in October, according to government data

Labour ministry seeks to lower budget allocation for ELI schemes for FY25

The three ELI schemes announced in the Budget are yet to get approval from the Union Cabinet and have faced considerable delays

CARE Ratings pares down India's FY25 GDP growth forecast to 6.5%

Sachin Gupta, chief rating officer at CARE Ratings, said that the first half of FY25 paints a picture of cautious optimism within India's corporate sector

Nov retail inflation eases to 5.48%; industrial output grows 3.5% in Oct

The data shows higher inflation in rural areas at 5.95 per cent, compared to 4.83 per cent in urban regions

Asian Development Bank lowers India's growth forecast to 6.5% for FY25

The multilateral funding agency also revised downwards its forecast for the next financial year (FY26) to 7 per cent from 7.2 per cent estimated earlier