EPFO net new enrolments rises 56pc to 11.55 lakh in Oct ...Middle East

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EPFO net new enrolments rises 56pc to 11.55 lakh in Oct
source : Devdiscourse ( Middle East ) () 41
Net new enrolments with retirement fund body EPFO rose by 56 per cent to 11.55 lakh in October compared to 7.39 lakh in the same month last year, according to its latest payroll data, providing a perspective on formal sector employment amid the coronavirus pandemic. The net payroll additions, however, have registered a slight dip in October compared to 14.19 lakh in September this year, according to a statement by the Labour Ministry. Provisional payroll data released by the EPFO last month had shown that net new enrolments stood at 14.9 lakh in September this year. The latest data released on Sunday showed that net new enrolments in April were in the negative zone at (-) 1,79,685 against th

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