EPF : Net payroll addition
cruises after falling for two months, shows data
of the economy gathered pace in December, after dipping in October and November
in the current fiscal year. Net payroll addition rose to 12.5 trillion in
December from 8.7 trillion in the previous month.
payroll addition or net addition to the subscriber base of employees provident
fund (EPF) in December was, however, a bit less than the September number when
the lockdown was lifted from most areas. Many consider net payroll addition an
indicator of job creation, but there is an overlap between EPF, National
Pension System, and Employees State Insurance Corporation numbers. There are
multiple changes in EPF numbers so it is better to consider it as formalisation
of the economy.
www.business-standard.com dt. 23.02.2021