Nearly 2 cr jobs created in 16 months to December 2018: Central Statistics Office report

Nearly 2 crore jobs were created in 16 months to December 2018, according to the payroll data of the Employees State Insurance Corporation (ESIC)

Press Trust of India February 26, 2019 12:36:53 IST
Nearly 2 cr jobs created in 16 months to December 2018: Central Statistics Office report
  • During September 2017 and December 2018, as many as 1.96 crore new ESIC subscribers joined the scheme

  • EPFO data showed that employment generation in the formal sector almost trebled to touch a 16-month high of 7.16 lakh in December 2018

  • It indicated that around 72.32 lakh new subscribers were added to social security schemes of the EPFO from September 2017 to December 2018

New Delhi: Nearly 2 crore jobs were created in 16 months to December 2018, according to the payroll data of the Employees State Insurance Corporation (ESIC).

The ESIC data is one of payroll numbers released by the Central Statistics Office (CSO) in its reports based on people joining various social security schemes run by Employees Provident Fund Organisation (EPFO) and Pension Fund Regulatory Development Authority (PFRDA).

Nearly 2 cr jobs created in 16 months to December 2018 Central Statistics Office report

Representational image. Getty images.

The ESIC provides health insurance and medical services to its insured person covering all those establishments which have 20 or more workers and all those employees whose monthly wages are up to Rs 21,000.

During September 2017 and December 2018, as many as 1.96 crore new subscribers joined the scheme.

Similarly, the EPFO data showed that employment generation in the formal sector almost trebled to touch a 16-month high of 7.16 lakh in December 2018 compared to 2.37 lakh in the year-ago month.

It indicated that around 72.32 lakh new subscribers were added to social security schemes of the EPFO from September 2017 to December 2018.

The EPFO covers all those firms that have 20 or more employees. Workers whose basic wages are up to Rs 15,000 per month at the time of joining the job are mandatorily covered under the scheme.

The estimated number of new NPS (National Pension Scheme) subscribers during the period of September 2017 to December 2018 is 9,66,381. The NPS covers central and state government employees while others can voluntarily subscribe to it.

The present report gives different perspectives on the levels of employment in the formal sector and does not measure employment at a holistic level, the report said.

Updated Date:

also read

NIOS Recruitment 2021: Apply for director, assistant and other posts at recruitment.nios.ac.in
India

NIOS Recruitment 2021: Apply for director, assistant and other posts at recruitment.nios.ac.in

Aspirants can apply by visiting the official website at http://recruitment.nios.ac./. However, the last date to apply for the posts is 10 October

Railway Recruitment 2021: Apply for 492 vacancies at apprenticeshipindia.org, check details here
India

Railway Recruitment 2021: Apply for 492 vacancies at apprenticeshipindia.org, check details here

According to an official notice, the recruitment process has begun for several vacancies including Painter, AC Mechanic, Electrician, Welder, Machinist, Fitter and Turne

IOCL Recruitment 2021: 513 non-executive vacancies open at iocl.com, check elibility and selection criteria here
India

IOCL Recruitment 2021: 513 non-executive vacancies open at iocl.com, check elibility and selection criteria here

According to IOCL, the exam for various non-executive posts will tentatively be conducted on 24 October and the results will be announced by 11 November