The pension assets under management (AUM) achieved a new milestone and crossed the Rs 6 lakh crore mark (Rs 6 trillion) under the National Pension System (NPS) and the Atal Pension Yojana (APY), after a gap of 13 years.
Formal job creation data for March shows that the economy was on a revival path
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The payroll data from the ministry of statistics and programme implementation, released on Tuesday, shows a higher number of jobs were created under the Employees State Insurance Corporation and the National Pension Scheme while those under Employees Provident Fund Organisation iwere at par with those created in February.
Net additions under ESIC stood at 1.23 million in December, 0.95 million in November, 1.21 million in October and 1.15 million in September. Average monthly addition under ESIC in 2019-20 stood at 1.2 million.
Higher number of formal jobs were created in the country in March despite the imposition of fresh lockdowns in several states, suggesting formal job creation in India continued to keep up the momentum.
Union minister Jitendra Singh on Wednesday said that the government has decided to extend the payment of provisional pension up to a period of one year from the date of retirement of an employee in view of the COVID-19 situation.