Friday, July 4, 2025

Creating liberating content

NEW DELHI: The Petroleum and Natural Gas Regulatory Board has

Sopa Images | Lightrocket | Getty Images Scammers impersonating the

OpenAI CEO Sam Altman, pictured, speaks with SoftBank Group CEO

Related News

NEW DELHI: The Petroleum and Natural Gas Regulatory Board has revised the pipeline tariff norms with the aim of reducing wheeling cost for city gas service companies and expanding access

The free trade agreement between India and the European Free Trade Association (EFTA) is likely to be implemented in the next couple of months, Commerce and Industry Minister Piyush Goyal

Sopa Images | Lightrocket | Getty Images Scammers impersonating the President Donald Trump and Vice President JD Vance Inaugural Committee fraudulently stole hundreds of thousands of dollars in cryptocurrency, according

OpenAI CEO Sam Altman, pictured, speaks with SoftBank Group CEO Masayoshi Son at an event in Tokyo on Feb. 3, 2025. Tomohiro Ohsumi | Getty Images News | Getty Images

Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch |

Optical illusion personality tests, as the name suggests, are fun and engaging tests. Basically, these are tricky images which have one or more elements in them and hence they are

Trending News

The free trade agreement between India and the European Free Trade Association (EFTA) is likely to be implemented in the next couple of months, Commerce and Industry Minister Piyush Goyal

India’s Competition watchdog, the Competition Commission of India (CCI) has directed UltraTech Cement — which now controls India Cements — along with Dalmia Bharat and Shree Digvijay Cement, to furnish

Gold rate today: Gold prices declined sharply by Rs 600 to Rs 99,020 per 10 grams in Delhi on Friday, driven by fresh selling from stockists and a stronger US

India has informed the WTO’s Council for Trade in Goods regarding its intended suspension of concessions. (AI image) India has proposed retaliatory tariffs on Friday against the United States at

Union minister G Kishan Reddy on Friday unveiled the government’s Copper Vision Document, a blueprint aimed at preparing India’s copper ecosystem to meet the expected surge in domestic demand over

Pakistan and Russia have agreed to jointly develop an extensive rail and road network to link South Asia with Central Asia and Russia, aiming to give landlocked nations direct access

Employment-linked incentive scheme for job creation; direct incentives for employees and employers from August – who will benefit

Word Count: 686 | Estimated Reading Time: 4 minutes


Employment-linked incentive scheme for job creation; direct incentives for employees and employers from August - who will benefit

The Indian government has approved the RS 99,446 crore Employment-Linked Incentive (ELI) scheme, aimed at generating over 2 crore formal jobs by offering direct financial support to new employees and hiring incentives to employers. The scheme, launching on August 1, 2025, is expected to transform India’s formal job market.As part of the initiative, newly employed individuals earning up to Rs 1 lakh per month and registered with the Employees’ Provident Fund Organisation (EPFO) will be eligible for a one-time incentive equal to a month’s wage, capped at Rs 15,000. This amount will be paid in two instalments over a six-month period through direct benefit transfer, reported ET.A portion of the incentive will be held back for a fixed duration to encourage savings. The government estimates that this measure could lead to the creation of around 1.92 crore new formal jobs.

ELI scheme for employers: Eligibility and payout details

Employers will also receive financial support for creating new jobs. For each additional employee retained for at least six months, the employer will get up to Rs 3,000 per month for two years. In the manufacturing sector, the incentive will extend into the third and fourth years as well. However, the registration window for this benefit will remain open only from August 1, 2025, to July 31, 2027.To qualify, establishments with up to 50 employees must hire at least two new workers, while those with 50 or more employees must hire five. The amount of reimbursement per employee will depend on their salary: Rs 1,000 for wages up to Rs 10,000; Rs 2,000 for wages between Rs 10,000 and Rs 20,000; and Rs 3,000 for wages above Rs 20,000 and up to Rs 1 lakh. These payments will be transferred directly into PAN-linked employer accounts.According to EY India, a non-manufacturing employer hiring 100 additional employees could receive up to Rs 72 lakh over two years, while a manufacturing firm could earn as much as Rs 1.44 crore over four years. The ELI scheme is projected to encourage the creation of around 2.6 crore jobs through these employer incentives, reinforcing the government’s broader agenda to formalise the workforce and strengthen job growth.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account