SKILLS FOR ENTREPRENEURSHIP
2015 skilling policy to be replaced with new one
A new policy on skilling in India, drafted by BCG, aims to create a skilled workforce to meet global demands, aligning with the government's vision and demographic dividend.
Mass entrepreneurship movement: How India's economy is getting reshaped
India's mass entrepreneurship movement, supported by cross-sector partnerships, aims to create 90 million non-farm jobs by 2030.
Skills minister Jayant Chaudhary calls for a renewed focus on ITIs
Skills Development Minister Jayant Chaudhary emphasized revitalizing Industrial Training Institutes (ITIs) and advocated for blended learning approaches at ITIs and National Skill Training Institutes (NSTIs). At a review meeting of the Directorate General of Training (DGT), he underscored enhancing industry collaboration through flexible partnerships and dual training systems. Chaudhary highlighted the modernization of ITIs with updated infrastructure, relevant curricula aligned with market needs, and specialized training programs.
View: Time to reskill the skilling plan
India's 'Skill India' initiative has improved access to quality education and skilling, including new ITI capacities, increased apprenticeship engagement, and the launch of Skill India Digital Hub. The National Education Policy (NEP 2020) envisions integrating skilling into all education forms, inspiring reforms like the National Credit Framework (NCrF) and National Curriculum Framework (NCF).
Enhance collaboration with industry to increase effectiveness of apprenticeship: MSDE minister Jayant Chaudhary
During a comprehensive review of the skilling schemes with the top ministry officials, Chuadhary reiterated on providing quality skill training to the youth, across the country, with a special focus on marginalized communities, backward areas, and new-age market relevant skills, the ministry of skills development and entrepreneurship (MSDE) said in a statement.
The startup story's just starting
For India to ascend to the summit of the world's leading startup ecosystems by 2030, it demands dynamic policies from the incoming government, nurturing a vibrant culture of innovation, and concerted collaboration among all stakeholders. With the requisite elements already in place, including the impressive growth and resilience shown by current startups, valuable lessons abound for budding entrepreneurs. By adopting a progressive outlook centered on enduring, sustainable, and conscientious advancement, our startup ecosystem has the potential to evolve into a remarkably innovative, inclusive, and globally sustainable entity.
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Sambalpur Lok Sabha Result: BJP's Dharmendra Pradhan leads by 1 lakh votes
Union Minister and BJP candidate Dharmendra Pradhan leads by 1,03,425 votes in the Sambalpur Lok Sabha seat in Odisha with 4,53,716 votes. He is against Biju Janata Dal's Pranab Prakash Das who is at 3,50,291 votes, followed by Congress candidate Nagendra Kumar Pradhan with 66,793 votes. Pradhan serves as the Minister of Education, and Skill Development and Entrepreneurship. He has previously held key positions in the Ministry of Steel and Petroleum & Natural Gas, with a political career spanning Lok Sabha and Rajya Sabha.
India, UK begin talks on recognising and mapping skill gaps
India is discussing skill mapping and mutual recognition of skills with the UK to enhance job opportunities for its workforce. The focus is on linking the NCS portal with the UK job portal and facilitating worker exchange in labour-intensive sectors under the MMPA.
Mind Over Money: Rock 'n' Roll to FinEdge – How Mayank Bhatnagar keeps himself mentally fit
Mayank Bhatnagar, Co-founder of FinEdge, exemplifies balance by merging finance with rock 'n' roll. He prioritizes mental and physical fitness and integrates music and travel into his life. With the band 'Frontrow Bandits,' he revives rock 'n' roll, showcasing the power of dedication and teamwork.
IIM Bangalore launches online BBA programme in digital business and entrepreneurship
The Indian Institute of Management Bangalore is launching an online Bachelor of Business Administration (BBA) degree in digital business and entrepreneurship. The three-year program, starting in September, will target 1,000 students and include internships and practical projects. The program aims to create professionals who understand digital business and contribute to digital businesses or make traditional businesses digital-ready. The institute chose online to make the course more accessible and deliver world-class quality.
Demand for skilled blue-collar workers from India goes up by 25 pc in UAE: Report
The report by Huntr is based on quantitative surveys with qualitative interviews with 1,00,000 blue workers enrolled on the platform from May 2023-April 2024 compared to the corresponding period of the previous year. It further stated that the UAE's thriving industries, such as technology, healthcare, construction, manufacturing, and logistics, are driving the demand for skilled Indian blue-collar workers.
MSDE firms up strategy for trainers’ development; proposes blending of digital and classroom learning
The strategy, developed by the Future Right Skills Network (FRSN), lays out a blueprint to improve the efficiency of existing trainers through recognition, performance evaluation, motivation, and up-skilling and will be validated in different Indian states.
Skilling and education has been embedded to allow portability to the youth: MSDE Secretary Atul Kumar Tiwari
Addressing a session at the Confederation of Indian Industry’s Annual Business Summit 2024, Tiwari said the idea is to bring skilling and education on a common platform which enables multiple entry and exits between education, skilling and employment through credits that in turn will help individuals scale up in their careers.
Centre aims to train 600,000 workers to power Green H2 goal
Government aims to develop 600,000 skilled workers for National Green Hydrogen Mission by 2030, identified by Ministry of Skill Development and Entrepreneurship and MNRE. Skilling includes renewable energy generation, hydrogen production, transformation, storage, transport, and end use applications, requiring specific skill sets and a coordinated programme between institutions.
Over 900 candidates from 32 states and UTs to compete at the India Skills 2024
The winners of the five-day event, starting from Wednesday, will represent India at the World Skills 2024 which will be held in France in September this year, the ministry of skills development and entrepreneurship said on Tuesday.
Rooftop solar scheme: 100,000 hands to be trained to put solar panels in homes
Besides trained manpower, another challenge for such a scale of implementation would be the need for a large number of vendors. An official said the government is also looking to train 50,000 vendors for entrepreneurship.
BJD promises to spend Rs 1 lakh-crore for youths, free electricity up to 100 units
Additionally, the party pledged to increase scholarships for girls and boys and create two lakh government jobs in the next five years. Patnaik also announced plans for a new skill and entrepreneurship university, state institute of fashion technology, and AI university in Odisha.
Effective defence-industry ecosystem taking shape in the country: Gen Pande
Gen Manoj Pande highlights the importance of integrating veterans into the defence-industry ecosystem, emphasizing their unique skills and experiences for technological solutions required by the Indian Army.
"NEP will reshape skilling in India by integrating vocational training from Class 6"
Rabindra Srikantan, vice chairman CII Karnataka State Council 2024-25 and founder and managing director ASM Technologies Ltd spoke about the pivotal role of skill development in harnessing the potential of our youth, supported by government initiatives.
IG Drones & AASSC Launch Drone Skill Program, aims to Upskill 10milion youth
IG Drones partners with AASSC and NSDC to enhance drone technology skills nationwide.
Leadership excellence: Insights from leading institutions
Leadership development is key for success. Institutions like Kellogg, MIT, IIM Lucknow, IIM Kozhikode, and ISB offer programs to nurture effective leaders. These programs focus on strategic vision, technology-driven leadership, and holistic leadership excellence.
Skills ministry notifies draft guidelines for setting up of the Academic Bank of Credits
The Academic Bank of Credit is a digital repository that stores credit information earned by students or learners throughout their educational journey. Under this, all recognised awarding bodies are required to register both their credentials and the students or learners.
Tourism and Hospitality Skill Council unveils report highlighting sector's demand and skill gap
The Tourism and Hospitality Skill Sector Council (THSC) has released a report on the Demand And Skill Gap, estimating that 5.7 million youth could be trained to meet an expected incremental labor demand of 3 million workers between 2025-2028. Challenges such as low wages and long working hours deter youth from continuing in the industry. The report was unveiled by Atul Kumar, secretary, Ministry of Skill Development and Entrepreneurship, and highlighted the need for skills like problem-solving and communication.
ETPWLA 2024: Fuelling funding for female entrepreneurship and enabling women-led ventures in Tier I and Tier II cities
Dr. Srimathy Kesan, Seema Chaturvedi, and Mitali Nikore dived into the funding landscape of Indian women entrepreneurs, with an emphasis on those outside metropolitan cities and in challenging sectors such as deep tech, at a panel discussion as part of the ETPWLA 2024 International Women’s Day summit. Discover how inherent biases, structural barriers, and a lack of confidence in women’s capabilities continue to hinder access to funding despite progressive schemes.
Government focuses on 13 high-flier states for apprentice training
"Top officials of the Ministry of Skill Development and Entrepreneurship held the first meeting with industrial clusters in Gujarat, Delhi and Haryana to nudge micro, small and medium enterprises to engage more apprentices as the country aims to fast-track creation of a skilled workforce," said the official, who did not wish to be identified.
IIE to establish entrepreneurship development centers in over 100 ITIs and NSTIs
IIE will be establishing Entrepreneurship Development Centers in eight states of North East. The project is targeting 29,500 enrolled students of ITIs and NSTIs from across all 8 states of NER, who will initially undergo ‘Two Days of Entrepreneurship Awareness Program’ (EAP) in the first stage.
G20 nations to address issue of global skills gap: Rajeev Chandrasekhar
The G20 nations are aiming to address skill gaps globally and strengthen national statistical data by promoting regular skills-based migration pathways between nations. They have agreed to extend the coverage of the International Labour Organisation (ILO) and Organisation for Economic Co-operation and Development (OECD) Skills for jobs databases to G20 countries.
India’s skilled workforce taps new avenues, unemployment lowest in six years: Narendra Modi
Prime Minister Narendra Modi has stated that India's expanding economy is creating new opportunities for the youth, with the country's unemployment rate at its lowest level in six years. He emphasized that the benefits of development are reaching both rural and urban areas equally, leading to increased opportunities in both villages and cities. Modi also highlighted the significant increase in women's participation in the workforce and the focus on skill development in recent years.
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