Biz Updates: EPFO adds 14.63 lakh members in November 2024, among them 8.74 lakh new people
New Delhi| The Employees’ Provident Fund Organization (EPFO) has released temporary payroll data for November 2024. According to this, the number of new members associated with the organization has increased by 14.63 lakh. The number of members registered a 9.07% increase in November compared to October 2024. In addition, the number of members increased by 4.88% compared to November 2023 on a year-on-year basis. According to EPFO data, awareness about employment opportunities and benefits among employees has increased.
EPFO stated the salient features of payroll data (November 2024), stating that around 8.74 lakh new members were enrolled in November 2024. New member engagement increased by 16.58% compared to the previous month of October 2024. Talking on an annual basis, the number of new members has increased by 18.80% compared to November 2023. According to EPFO, this can be attributed to increasing employment opportunities, increasing awareness about employee benefits and successful outreach programs of EPFO.
NSE adds one crore investors in five months, total number crosses 11 crore
The number of registered investors of the National Stock Exchange (NSE) has crossed 11 crore. In this, the last one crore registrations have been done in just five months. This explains the increasing participation of investors in the stock market through direct means. Investor registration in NSE has gained significantly in recent times. Registration has increased 3.6 times in the last five years. It took 14 years since the introduction of NSE in 1994 to reach one crore investors. After this this pace increased. The next one crore registrations took about seven years. After that it took 3.5 years for the next one crore and then a little over a year to add the fourth crore. Since then, every additional one crore investors have been joining in six-seven months, NSE said. Nifty50 has given 8.8 percent return last year and Nifty500 index has given 15.2 percent return.
5,000 jobs to be found in HCLTech’s new center
IT company HCLTech is expanding its global distribution sector with the launch of a new technology hub in Hyderabad. This centre will lead to the creation of 5,000 jobs. HCLTech global CEO C. on the sidelines of the World Economic Forum annual meeting in Davos. Vijaykumar gave this information. Located at 3.2 million square feet, this new center will provide cutting-edge cloud, AI and digital transformation solutions to global customers across industries.
House sales decreased by 9% in nine major cities
House sales declined 9 percent to 4.71 lakh units in 2024 in nine major cities of the country. According to PropEquity, sales have declined due to reduced demand as well as new supply. However, house sales in Delhi-NCR have increased by five percent.
31% jump in recruitment activities in December Consumer electronics and manufacturing sector at the forefront
Recruitment activities in the country have seen a 31 percent increase in December, 2024. Most recruitments have taken place in the consumer electronics, manufacturing-construction and engineering sectors. According to the Foundite Inside Tracker (FIT) report, recruitment activities in the country have increased by 12 per cent in the last six months. The report said that increase in recruitment has been seen in all sectors. The consumer electronics, manufacturing and construction and engineering sectors lead with growth of 60 per cent, 57 per cent and 57 per cent respectively. Meanwhile, Artificial Intelligence (AI) based jobs in the country have increased by 42 per cent in the last two years to reach 2.53 lakh posts. V Suresh, CEO, Foundite, said the increase in recruitment activities across sectors underlines the strength, adaptability and dynamism of India’s employment market. Excitingly, there has been a sharp 42 per cent growth in AI-linked jobs in just two years, reflecting the transformation of a skill as a critical driver of the economy. We are seeing a shift with AI related jobs projected to grow by 14 per cent in 2025, where AI is no longer a concept, but a fundamental element of India’s current and future workforce, he said.
