As per the provisional payroll data released by the ministry of statistics and programme implementation , net new subscriber addition under EPFO was 25.6% higher at 1.62 million in November against 1.29 million in October.
The new addition under ESIC in November was higher by 19.6% at 1.42 million as against 1.19 million in October 2022. The net subscriber addition under NPS, however, remained static at 60,571 against 60,662 in October. Year-on-year comparison also shows an increase in formal jobs created in November compared to November 2021. Formal jobs created under the Employees’ Provident Fund Organisation in November 2022 were 16.5% higher compared to 1.39 million jobs added in the same month in the preceding fiscal.