Written byAakanksha Raghuvanshi
Nearly 1.2 crore jobs were created in the country in the 10-month period till June this year, as per a Central Statistics Office (CSO) report.
The CSO has released the report on employment outlook covering the period September 2017 to June 2018. It is based on the administrative records of selected government agencies (EPFO, ESIC, and PFRDA) to assess the progress in certain dimensions.
The estimated total number of new NPS (National Pension Scheme) subscribers during the period between September 2017 to June 2018 is 6,10,573.
According to the report, over 1,19,66,126 new members joined the health insurance scheme, Employers State Insurance (ESI), of the ESIC during September 2017 to June 2018, with the highest number of new member enrollments in May this year at 13,18,395.
Similarly, over 1,07,54,348 new members joined the Employment Provident Fund Organisation (EPFO) while 60,40,616 persons ceased to be its members during the 10-month period.
The CSO said the report gives different perspectives on the levels of employment in the formal sector.
The Ministry of Statistics and Programme Implementation brought out the first release of employment-related statistics in the formal sector in April 2018, covering the period September 2017 to February 2018, using information on the number of subscribers under the three major schemes -- EPFO, ESIC, and NPS.
Love India news?
Subscribe to stay updated.