Introduction The “Pradhan Mantri Viksit Bharat Rosgar Yogana” is the Employee Linked Incentive (ELI) Scheme announced by the Government of India in the Union Budget 2024-25, to achieve the grand vision of “Viksit Bharat@2047”. The country is facing serious unemployment and underemployment challenges and this scheme hopes to address these challenges and ease the mismatch…
Introduction The grand vision of “Viksit Bharat @ 2047” is hoped to be achieved by the Employee Linked Incentive (ELI) Scheme under the name. The “Pradhan Mantri Viksit Bharat Rosgar Yogana” announced by the Government of India in the Union Budget 2024-25. As you are aware, this scheme will complement the National Manufacturing Mission announced in…
An employee is a vital cog in the wheel of business, and their commitment and dedication is crucial for the success of the venture. Employee retention is, therefore, crucial, and to this end, the employer has to pay their employees fairly to gain their loyalty and commitment. One important activity that keeps the employees satisfied…
Introduction: The Employee Linked Incentive (ELI) Scheme is a major initiative launched by the Union Government in the Union Budget 2024-25, to address the country’s growing unemployment challenges. India is currently facing high levels of unemployment among the youth, underemployment, and a mismatch between the skills and industry demand. The ELI scheme is proposed to…
The Employees’ Provident Fund Organization (EPFO) is poised to introduce ground-breaking upgrades through EPFO 3.0 slated for roll-out in June 2025. The upgrade will allow Provident Fund (PF) users to withdraw their savings using ATM cards thus bringing EPFO services closer to the banking experience. Other features include a revamped Mobile App, flexible pension options…
Payroll is the process by which the net pay of an employee and includes the benefits that you provide to each employee or group of employees and the deductions that must be made depending upon the salary. This is a complex process that requires a high degree of accuracy to avoid problems that may affect…
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