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InterviewSolution
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What is formal employment . What constitutes formal employment sector in India ? |
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Answer» Formal employment refers to those employed persons who enjoy social security benefits during the period of employment and after. The major forms of social security benefits are provident fund, gratuity, pension, maternity benefits etc. In India all those who are employed in public sector nad those private sector establishments which have 10 workers or more are treated to be in formal employment. |
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