Apprenticeship act to be amended to boost eas of doing business

The apprenticeship act , 1961 provides for regulation and control of training of apprenticeship. Apprenticeship training is a course of training in an industry or establishment, consisting of basic training and on-the -job training. It combines work-based learning with theoretical knowledge of related subjects along with wage earning as a stipend. Under apprenticeship act, firms … Read more

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What is Index of Industrial Production (IIP) in India

IIP turned positive again for December after contacting by 1.9 per cent in November. IIP is an index that tracks manufacturing activity in different sectors of an economy. Manufacturing, Mining and Electricity are the three broad constituents of IIP , with weightage of 77.63% ,14.37% and 7.99% respectively. Electricity,crude oil,coal , cement, steel , refinery … Read more

Union Budget 2021-22: Finance Minister Endorsed National Rail Plan (NRP) 2030

In December last yer, Indian railways had issued draft NRP. NRP will be a common platform for all future infrastructural, business and financial planning of the railways. Objectives of the plan Creat capacity ahead of demand by 2030 this in turn would cater to growth in demand right up to 2050. Increase the modal share … Read more

What is value Fund

Value Funds are a subcategory of equity mutual funds. Value funds invest in stocks of companies that the fund manager feels are undervalued. In the stock markets, some stocks are considered overvalued if the stock price is too high with respect to the underlying business/company. On the other hand, some stocks are considered undervalued if … Read more

What is labour union

A labor union, officially known as a “labor organization,” is an entity formed by workers in a particular trade, industry, or company for the purpose of improving pay, benefits, and working conditions. Also called a trade union or a workers’union , Labor unions may also advocate for legal, social, and political measures for the country … Read more

Minimum Government, Maximum Governance

Measures being undertaken to bring reforms in Tribunals to ensure speedy justice. National Commission for Allied Healthcare Professionals already introduced to ensure transparent and efficient regulation of the 56 allied healthcare professions. National Nursing and Midwifery Commission Bill introduced for the same in nursing profession. Proposed Conciliation Mechanism with mandate for quick resolution of contractual … Read more

Innovation and R&D

National Research Foundation: Announced with an outlay of Rs. 50,000 crore, over 5 years. It will ensure that the overall research ecosystem of the country is strengthened with focus on identified national-priority thrust areas. National Language Translation Mission (NTLM): This will enable the wealth of governance-and-policy related knowledge on the Internet being made available in … Read more

Reinvigorating Human Capital

Education: 15,000 schools will be qualitatively strengthened to include all components of the National Education Policy. 100 new Sainik Schools will be set up in partnership with NGOs/private schools/states. Proposal to set up a Higher Education Commission of India, as an umbrella body having 4 separate vehicles for standard-setting, accreditation, regulation, and funding. For accessible … Read more

Fund Allocate to NGOs for Tribal Welfare

The ministry of tribal affairs is implementing two schemes through Non-governmental organizations (NGOs)/ Voluntary organizations (VOs). Grant-In-Aid to Voluntary organization working for the welfare of scheduled Tribes : To enhance the reach of welfare schemes in services like education, health, drinking water etc in tribal areas. Strengthening education among scheduled Tribe Girls in low literacy … Read more

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