The latest payroll data of the Employees’ State Insurance Corporation (ESIC) has revealed that job creation in the formal sector in the country reached 14.24 lakh in the month of July, a considerable rise over the previous month of June when 12.49 lakh jobs were created, reports PTI.
This information comes to light after sluggish GDP growth in Q1 of 2019-20, which had given rise to talks of an ongoing economic slowdown.
Previous data released by the National Statistical Office (NSO) for 2018-19 showed that gross enrollments with the ESIC of new members had reached 1.49 crore in 2018-19. Between September 2017 to March 2018, gross enrollments of new subscribers was 83.34 lakh.
Apart from this, data from the Employees Provident Fund Organisation (EPFO) has also shown growing numbers of new subscribers, with a net positive number of depositors added. 11.61 lakh new subscribers on a net basis were added in July itself, while in 2018-19 the number of net new subscribers was 61.12 lakh.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.