&w=3840&q=100)
Datanomics: India Inc's participation in PM Internship Scheme rises
Listen to This Article
The government is soon going to approach the Cabinet for a full-fledged launch of the Prime Minister's Internship Scheme (PMIS) after two pilot rounds. The scheme, launched in October 2024, aims to provide 10 million internships over a five-year period. In Round 1 of the pilot, applications were invited in October last year. The scheme covered all 745 districts, with participation from 280 companies across sectors such as IT, energy, manufacturing, and fast-moving consumer goods (FMCG). In Round 2, the scheme was offered in 735 districts, and 327 companies participated.
In Round
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
2 days ago
- India.com
India's LPG Price Is Among Lowest In World Despite Imports: Hardeep Puri
New Delhi: Minister of Petroleum and Natural Gas Hardeep Singh Puri highlighted on Friday that India sells LPG at the cheapest prices in the world, despite being an importer, enabling more than 10.33 crore Ujjwala families to cook food at just Rs 6 per day due to the affordable fuel. "Our energy sector oil marketing companies suffered heavy losses to make LPG available to kitchens at nearly half the cost at which it was being sold in the countries in our neighbourhood," the minister said. He pointed out that even when LPG prices soared by 63 per cent in the international market amid global uncertainty, Prime Minister Narendra Modi's policy insulated Indian households against the price rise and ensured they didn't feel any negative impact. The minister said that by making LPG available at a price lower than cost, the public sector oil marketing companies have suffered underrecoveries to the tune of approximately Rs 41,000 crore during the financial year 2024-25. Friday's Cabinet decision paves the way for partial reimbursement of Rs 30,000 crore to the public sector oil companies against these under-recoveries. The Union Cabinet, chaired by PM Modi, has decided that Rs 30,000 crore will be paid in twelve parts to the public sector oil companies, which have kept the LPG prices stable. The compensation, which will be divided amongst the three energy sector oil marketing companies - Indian Oil, Bharat Petroleum and Hindustan Petroleum - will support the financial health of these companies, which ensure availability, affordability and sustainability of energy supply for the citizens of the country in difficult geopolitical times and uncertainties, the minister said. "In the last 11 years of the Narendra Modi government, we have witnessed a major transformation in India's energy landscape, with special focus on providing access to clean energy to the masses," Puri said. The minister said that about 56 lakh domestic LPG cylinders are delivered every day, about 6 crore consumers visit retail outlets every day across the country, and to strengthen the availability of fuel in rural areas, of the total LPG distributors added during the last decade, around 86 per cent are rural distributors. The LPG pipe network has also been strengthened. LPG pipelines of about 3,000 km have been laid since 2014. The Kandla-Gorakhpur LPG pipeline is the world's largest LPG pipeline of 2,805 km, and the Paradip-Haldia-Motihari pipeline of 1,707 km is under construction, the minister added.
&w=3840&q=100)
Business Standard
3 days ago
- Business Standard
Cabinet clears ₹4,200 crore Merite scheme to upgrade technical education
The Union Cabinet on Friday approved the 'Multidisciplinary Education and Research Improvement in Technical Education' (Merite) scheme aimed at improving the quality of technical education across India. "It is a 'Central Sector Scheme' with total financial implication of ₹4,200 crore for a period from 2025-26 to 2029-30. Out of ₹4,200 crore, there will be an external assistance of ₹2,100 crore from the World Bank as loan," the Cabinet statement said. What the scheme covers The Merite scheme will cover 275 government and government-aided technical institutions, including 175 engineering colleges and 100 polytechnics. These include selected National Institutes of Technology (NITs), state engineering colleges, affiliating technical universities (ATUs), and polytechnic institutes across various states and union territories (UTs). In addition to institutional support, the scheme will also extend assistance to state and UT departments overseeing technical education. The initiative is expected to benefit around 7.5 lakh students by enhancing access to improved academic resources, infrastructure, and industry-aligned training, the Cabinet said. Expected outcomes The government expects the scheme to deliver: Digitalisation strategies at the state/UT level Multidisciplinary programme guidelines Improved quality assurance and governance Labour market-aligned curricula and blended learning Enhanced research and innovation capacity Higher student transition rates across groups Focus on employability The Centre said the scheme will emphasise skills to improve employability through a comprehensive approach. 'Key interventions include offering internship opportunities, updating curricula to align with industry requirements, organising faculty development programmes, and setting up research hubs,' it added.
Mint
3 days ago
- Mint
Cabinet approves ₹30,000 crore LPG subsidy to OMCs to ensure affordable cooking gas for middle class: Ashwini Vaishnaw
The Union Cabinet chaired by Prime Minister Narendra Modi on Friday approved LPG subsidy to oil marketing companies (OMCs) amounting to ₹ 30,000 crore, Union I&B Minister Ashwini Vaishnaw said. The move has been taken to ensure affordable LPG for the middle class amid the current geopolitical situation, Vaishnaw said. 'To ensure that the LPG gas is affordable for the middle class, a subsidy of ₹ 30,000 cr has been present geopolitics, gas prices fluctuate and to take care of that, the subsidy is given,' he said in a briefing after the Cabinet meeting. The compensation will be paid in 12 tranches to state-owned OMCs including Indian Oil, Bharat Petroleum and Hindustan Petroleum, the Ministry of Petroleum said in a statement on Friday. It said that international LPG prices continue to remain high. 'However, to insulate consumers from fluctuations in international LPG prices, the increase in cost was not passed on to consumers of domestic LPG which led to significant losses for the three OMCs,' it said. The Cabinet further approved a ₹ 12,060 crore support for PM Ujjwala beneficiaries for FY 2025-26, a statement said. This will entail a subsidy of ₹ 300 per cylinder to eligible Ujjwala subscribers and will benefit 10.33 crore households and around 45 crore individuals across India. The Ujjwala Scheme was launched by PM Narendra Modi in 2016. The Cabinet's decision came days after US President Donald Trump doubled US tariffs on India to 50 per cent — the highest in the world — citing its continued purchase of Russian oil. PM Modi had earlier this week, without naming Trump, said that the government will do everything to defend its citizens even if it comes at a personal cost. 'This step also underlines the Government's commitment to protect consumers from volatility in global energy markets while maintaining the financial health of these PSU OMCs. It also reaffirms the objective of ensuring the widespread availability of clean cooking fuel to all consumers of domestic LPG, including those under flagship schemes like PM Ujjwala Yojana,' the petroleum ministry said in its statement.
