Formal job creation under EPFO falls in February

As per the provisional data, released on Thursday, formal job creation fell slightly when compared month-on-month with net new employees added to the retirement fund body at 1.48 million in January. According to the data, out of 1.39 million subscribers added to EPFO during the month, around 0.73 million new members have come under the ambit of EPFO for the first time.

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