From a degree of 1,17,063 in 2019-20, the variety of new institutions registered with EPFO climbed to 2,94,256 in 2023-24.
This upward development underscores the success of presidency efforts in fostering a extra strong and inclusive financial surroundings, Shobha Karandlaje, Minister of State for Labour & Employment, stated in a written reply within the Lok Sabha.
Key elements
This vital development, pushed by varied latest authorities insurance policies and initiatives, highlights the efficient measures undertaken to advertise enterprise formalisation and employment technology, she added.
To streamline operations and improve service supply, she additionally highlighted that the Authorities has applied quite a few measures geared toward digitisation and the efficient redressal of grievances. The digitization efforts embody a number of user-friendly platforms and applied sciences, enabling quick access and environment friendly dealing with of grievances, she added.
The digital initiatives and grievance redressal mechanisms already undertaken embody EPFO having devised varied redressal mechanisms in each on-line and offline modes whereby the labourers/staff can lodge their issues/complaints with the involved authority in EPFO.
The full variety of new subscribers underneath Worker Provident Fund (EPF) scheme throughout the nation was 1,09,93,119 as on Might 15, 2024 for monetary yr 2023-24
| Photograph Credit score: KAMAL NARANG
In a written reply to a different Lok Sabha query, Karandlaje stated the overall variety of new subscribers underneath Worker Provident Fund (EPF) scheme throughout the nation was 1,09,93,119 as on Might 15, 2024 for monetary yr 2023-24.
ILO REPORT
In the meantime, Labour Ministry sources indicated that India could take problem with the Worldwide Labour Organisation (ILO) report —India Employment Report 2024 launched in March this yr.
This report had highlighted that India’s youth account for nearly 83 per cent of the unemployed workforce and the share of children with secondary or greater schooling within the complete unemployed youth has nearly doubled from 35.2 per cent in 2000 to 65.7 per cent in 2022.
On the problem of implementation of Labour Codes, sources stated some extra discussions with varied labour unions should be performed earlier than implementation date may be determined and notified.
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