EPFO Job Growth
In July, approximately 2.1 million individuals joined the Employees' Provident Fund Organisation (EPFO), reflecting a continuous growth in the formal job
sector within India. This suggests a positive trajectory for employment, with more people gaining access to the benefits and securities associated with organized labor. The EPFO is a significant institution that manages retirement funds, offering financial stability to employees and contributing to the overall economic well-being of the country. This growth is a sign of a growing economy.
Govt. Procurement Measures
The government has authorized the acquisition of pulses and oilseeds in Uttar Pradesh and Gujarat. Such strategic procurement plays a vital role in maintaining stable prices for agricultural commodities, benefiting both farmers and consumers. These initiatives not only support the agricultural sector but also have direct implications for employment, as they stimulate activities across the entire supply chain, from cultivation and harvesting to processing and distribution. The focus on these key commodities underlines a commitment to enhancing agricultural production and securing the economic interests of those involved in the sector.
