New Delhi: A total of 12.66 lakh new jobs have been created across the country in May last year. This is higher than the 11.15 lakh jobs created in the organized sector in April this year. This has been reported from the data relating to salary payment (payroll) of THE ESIC. According to a report released by the National Statistics Office (NSO), 1.49 crore new shareholders joined the ISIC in 2019.
The NSO report is based on data from the ESIC, the Employees' Provident Fund Organisation (EPFO) and the pension fund regulatory and development authority, data of new shareholders joining different social security schemes. The National Statistical Office is releasing the data of new shareholders of salary payment from April 2018 based on the data received from the three above bodies.
This includes the early period of September 2017. According to the report, ISIC grossly 83.32 lakh associated with ITIC from September 2017 to March 2018. It says that 9.86 lakh people were registered with EPFO purely during May. This is slightly lower than the 10.15 lakh in April this year.
During the financial year 2018-19, purely 61.12 lakh new shareholders are linked to social security schemes run by EPFO. The report states that since the number of shareholders has been taken from different sources, there may be some scope for duplication. The NSO said that the current report gives a different view on employment in the organized sector and does not provide employment information as a whole.
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