Job creation more than doubled to 9.73 lakh in September, the highest monthly addition since September 2017, compared to 4.11 lakh in the same month last year, according to the EPFO payroll data released Tuesday.
Job creation more than doubled to 9.73 lakh in September, the highest monthly addition since September 2017, compared to 4.11 lakh in the same month last year, according to the EPFO payroll data released Tuesday.
Around 79.48 lakh new subscribers were added to social security schemes of the Employees' Provident Fund Organisation (EPFO) from September 2017 to September 2018, the data showed. This indicates that these many jobs were created in the last 13 months.
The lowest number of 2.36 lakh subscribers were added to the EPFO schemes in the month of March this year.
During September this year, the maximum number of 2.69 lakh jobs were created in the 18-21 years age group followed by 2.67 lakh in the 22-25 years age bracket.
The EPFO said in its statement that the data is provisional as updation of employees records is a continuous process and gets updated in subsequent month/s.
This is age-band wise data of new members registered under the EPFO where the first non-zero contribution received during particular month. For each age-wise band, the estimates are net of the members newly enrolled, exited and rejoined during the month as per records of the EPFO, it added.
The estimates may include temporary employees whose contributions may not be continuous for the entire year. Members' data are linked to unique Aadhaar Identity, it added.
The EPFO manages social security funds of workers in the organised/semi organised sector in India and has more than 6 crore active members (with at least one-month contribution during the year).
EPFO earlier had issued a circular to Central Provident Fund Commissioners (CPFCs) to "avoid any coercive action by way of prosecution" in provident fund (PF)-Aadhaar linking cases.
Though the government-owned PF firm has not yet put out a notice on withdrawal of its orders on the mandatory linking of PF accounts with Aadhaar.
Last week's circular, a copy of which is with DNA Money, comes almost a month after the Supreme Court order on Aadhaar, which clearly states all benefits earned by an individual was not a government welfare scheme and therefore it's linking to Aadhaar cannot be made mandatory.
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