The net subscriber base of the employee provident fund, broadly taken as indicator of formalisation of the economy, stood at 318,789, three times the number in April
Current Affairs : It appears formalization of the economy is continuously getting pace however it has not returned to the pre-Covid period.
The net endorser base of the worker fortunate store, comprehensively taken as pointer of formalization of the economy, remained at 318,789, three times the number in April.
The May number was additionally more than the normal month to month numbers in 2017-18 when it the information began to be assembled from September that year.
Nonetheless, there is far to go it to go to the degrees of normal quantities of 2018-19 and 2019-20.
Aditi Mehta 