GS-3, Uncategorized

Skill India Mission

According to government estimates, more than 1.04 Crore youth have been trained under the Skill India Mission in the year 2015-16 which is 36.8% higher than the previous year’s recorded data. Key facts: In the current arrangement, 60% of the trainings are directly under Ministry of Skill Development and Entrepreneurship while 40% are across other… Continue reading Skill India Mission

Editorials, GS-3, Uncategorized

The MGNREGA index

The Hindu The Mahatma Gandhi National Rural Employment Guarantee Act of 2005 (MGNREGA) aims at: Enhancing the livelihood security of people in rural areas by guaranteeing 100 days of wage-employment in a financial year to a rural household whose adult members volunteer to do unskilled manual work. In the financial year 2015-16, Rs.42,084 crore was spent… Continue reading The MGNREGA index

Editorials, GS-3, Indian Economy, Uncategorized

Measuring Mudra’s success

Article Link Summary: Prime Minister Modi, in a recent interview, indicated that his focus was to create a third sector—the personal sector—other than farms and factories wherein a person turns into a job provider through entrepreneurship rather than a job-seeker in the other two sectors. This statement assumes significance as it has many policy implications… Continue reading Measuring Mudra’s success

GS-3, Indian Economy, Uncategorized

Jobs & Economic Growth

Asia-Pacific Human Development Report just released by UNDP says that by 2050 more than 280 million people will enter the jobs market in India, a 33 per cent increase from current levels—but let us have a look at the numbers: 5 million New non-agricultural jobs were created annually between 1999-2000 and 2004-2005 An additional 7.5… Continue reading Jobs & Economic Growth

GS-3, Indian Economy, Uncategorized

Pradhan Mantri Mudra Yojana: Funding the unfunded

Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of Government of India to enable a small enterprise come into the formal financial system and get affordable credit to run his/ her business. Who? Any Indian Citizen who has a business plan for a non-farm sector income generating activity Credit need? Less than Rs 10 lakh Possible Creditors? Banks,… Continue reading Pradhan Mantri Mudra Yojana: Funding the unfunded

GS-2, Social Empowerment, Uncategorized

Deen Dayal Upadhyaya Antyodaya Yojana

Uplifting the poor through through skill development   It is a scheme for upliftment of urban and rural poor through enhancement of livelihood opportunities through skill development and other means Why the scheme? To provide Skill training to the poor in cities and villages. This would make them eligible for employment and will help in poverty… Continue reading Deen Dayal Upadhyaya Antyodaya Yojana

Editorials, GS-3, Indian Economy, Uncategorized

No jobs in sight

Article Link With recent demands for affirmative action or job reservations for Scheduled Caste and Scheduled Tribe candidates in the private sector, debates surrounding quota have once again come to the fore. What has been suggested? Reservation in private sector has been suggested. Because providing quota in private jobs will help cool down anger among… Continue reading No jobs in sight

Editorials, GS-3, Science & Tech, Uncategorized

Fourth Industrial Revolution

CEOs, political leaders, social entrepreneurs, technologists and other global leaders are all at Davos to further the World Economic Forum’s mission of improving the state of the world. But, the big buzz at the World Economic Forum (WEF) in Davos this year is about the ‘Fourth Industrial Revolution’. What is Fourth Industrial Revolution? As described… Continue reading Fourth Industrial Revolution

Editorials, Uncategorized

India’s Start-up Policy

Article Link As part of a bunch of measures that constitute the action plan for government’s start-up initiative, the centre will shortly be setting up a Fund of Funds that would invest in private venture capital funds. The fund will be set up with the initial corpus of 10,000 crore (about $1.5 billion). However, it… Continue reading India’s Start-up Policy