Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » India
1-min read

12.44 Lakh New Jobs Created in October, Says ESIC Payroll Data

the National Statistical Office (NSO) said in a report Gross enrolments of new subscribers with ESIC were 1.49 crore during the entire financial year 2018-19,

PTI

Updated:December 25, 2019, 1:17 PM IST
facebookTwitter Pocket whatsapp
12.44 Lakh New Jobs Created in October, Says ESIC Payroll Data
Image for representation only.

New Delhi: Around 12.44 lakh jobs were created in October as compared with 12.23 lakh in the previous month, according to payroll data of Employees' State Insurance Corporation (ESIC).

Gross enrolments of new subscribers with ESIC were 1.49 crore during the entire financial year 2018-19, the National Statistical Office (NSO) said in a report.

It also showed that during the September 2017-October 2019 period, around 3.22 crore new subscribers joined the ESIC scheme.

The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, retirement fund body EPFO and the Pension Fund Regulatory and Development Authority (PFRDA).

It has been releasing the payroll data or new subscribers data of these three bodies since April 2018, covering a period starting from September 2017.

The report showed that gross new enrolments with ESIC during the September 2017-March 2018 period were 83.35 lakh.

A net of 7.39 lakh new enrolments with the Employees' Provident Fund Organisation (EPFO) were recorded in October, compared with 9.48 lakh in September this year.

In 2018-19, 61.12 lakh new subscribers on a net basis joined the social security schemes run by EPFO. Similarly, the net new enrolments were 15.52 lakh during September 2017-March 2018.

The latest data showed that during September 2017-October 2019, around 2.93 crore new subscribers joined the Employees' Provident Fund scheme.

The report said that since the number of subscribers are from various sources, there are elements of overlap and the estimates are not additive.

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

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results