Economy

The provisional payroll data of EPFO published on 20th June, 2021 highlights that EPFO has added around 12.76 lakh net subscribers during April, 2021. Despite the second wave of COVID-19 pandemic, April 2021 registered an increase of 13.73% net subscribers addition as compared to the previous month during which around 11.22 lakh net subscribers were added to the payroll. Data reflects that the number of exits in the month of April, 2021 have declined by 87,821 and rejoining has increased by 92,864 subscribers as compared to March, 2021.

India’s mineral production rose by 37.1 per cent in April 2021 over the same month a year ago, according to the mines ministry. The index of mineral production of mining and quarrying sector for the month stood at 108.0, which was 37.1 per cent higher from the the level in April 2020, the ministry said in a statement.

Indian UHNIs (ultra high net worth individuals) are expected to invest up to $30 billion in tech startups in the country by 2025, reflecting the growing investment opportunity for home-grown tech ventures, a report by 256 Network and Praxis Global Alliance said.

On Thursday, National Association of Software and Services Companies (NASSCOM) said, the conventional technology job and roles landscape will evolve with the development of technology and increasing automation, leading to formation of newer professions.

In a year completely marred by Covid-19 pandemic, Khadi and Village Industries Commission (KVIC) has recorded its highest-ever turnover. In the year 2020-21, KVIC registered a gross annual turnover of Rs. 95,741.74crores, as compared to Rs. 88,887 crores turnover in 2019-20, thus, registering an increase of 7.71%.