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Why in the news? The Pradhan Mantri Shram Yogi Maandhan Yojana received a 37% budget allocation increase for 2025-26, highlighting the government’s commitment to securing financial stability for millions of workers in India’s unorganized sector. Key Features of PM-SYM: Pension Assurance: Provides ₹3,000 per month after the subscriber reaches 60 years of age. Contribution Model: …
Read MoreWhy in the news? The Supreme Court reviewed a petition alleging gig workers’ rights violations, as the government defended its e-Shram portal and 2020 Social Security Code addressing unorganised workers. Government’s Position and e-Shram Portal The Union government informed the Supreme Court that gig workers’ fundamental rights are not violated. The government cited the e-Shram …
Read MoreWhy in the news? EPFO added a record-breaking 19.94 lakh net members in July 2024, reflecting significant job growth and increasing female participation in India’s formal employment sector. Record EPFO Member Additions in July 2024: Net Additions: EPFO added 19.94 lakh members in July 2024, the highest since April 2018. Growth: This represents a 6.3% …
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