FinMin rejects plea to double minimum EPS pension

The Union finance ministry has rejected a proposal sent by the labour ministry to double the monthly minimum pension amount to Rs 2,000 under the Employee Pension Scheme (EPS). Illustration: Uttam......

Mutual funds' equity buys hit Rs 1.7 trn in 2023, defying market swing

Mutual funds’ equity buying remained elevated for the fifth consecutive month in December, taking the net equity purchase  past Rs 1.7 trillion in 2023. Illustration: Uttam......

Fresh formal job creation declines to six-month low, shows EPFO data

Fresh formal job creation cooled for the second consecutive month to decline to a six-month low in September, signalling a downturn in the labour markets this financial year. Illustration: Uttam......

10% fewer fresh formal jobs created in April-August

While the country's unemployment rate is falling, the quality of employment seems to have taken a hit. Illustration: Dominic Xavier/Rediff.com The pace of formalisation slowed in the five months......