Finance
EnglishGovt tasks EPFO to study benefits of formalizing workers
The central government has asked the EPFO to explore if moving informal workers to formal jobs can boost their income and job security. This study needs to be done in three months, as the finance committee believes it’s crucial. They're also worried about AI disrupting jobs and suggest focusing on small businesses and tourism to create more jobs.
few days ago | Auhona Mukherjee
Quick rundown
1.EPFO tasked with studying impact of formal jobs on informal workers.
2.Delay noted in implementing the Code on Social Security, 2020.
3.AI's dual role in job creation and disruption highlighted.
4.Tourism sector seen as key for employment growth in India.
5.Centralized Labour Market Information System recommended.
