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Business Standard
6 days ago
- Business
- Business Standard
Low-cost finance, private sector role key to nuclear projects: PK Mishra
Timely completion, access to low-cost finance, and leveraging private sector capabilities are key to lowering tariffs and improving feasibility of nuclear projects, P K Mishra, principal secretary to the prime minister, said here on Friday. Addressing the 68th batch of scientific officers at the Bhabha Atomic Research Centre Training School, Mishra encouraged researchers to innovate in cost reduction strategies to make nuclear energy India's preferred power source. Citing the successful opening of the space sector, Mishra said similar initiatives are envisaged for atomic energy, which is essential for clean energy and national security. He underscored the societal impact of nuclear energy and cited the use of radio isotopes for cancer care, and radiation technologies for wastewater treatment and agriculture storage. The government had sanctioned 50 multi-product food irradiation units for the MSME sector under the 2024-25 Union Budget, Mishra said. Irradiation facilities in 12 states were enhancing shelf-life and ensuring compliance with international phytosanitary standards for food products such as fruits, spices, pulses, and herbs, he added. Mishra also urged the scientific community to commercialise spin-off technologies emerging from research labs. Nuclear energy presents a major opportunity for sustainable growth and clean power in response to climate challenges, he said. Mishra called for revisiting regulatory mechanisms and investing in further safety-related research, especially as private sector participation expands. He emphasised that public confidence in safety standards must be a top priority. Mishra also highlighted the key announcements from the Budget 2024-25 such as R and D support for Bharat Small Modular Reactors and advanced nuclear technologies and a targeted expansion to 100 GW of nuclear capacity by 2047, with proposed amendments to relevant legislations enabling private sector participation.
The Print
6 days ago
- Business
- The Print
Low-cost finance, leveraging private sector key to improve feasibility of n-projects: PK Mishra
Citing the successful opening of the space sector, Mishra said similar initiatives are envisaged for atomic energy, which is essential for clean energy and national security. Addressing the 68th batch of scientific officers at the Bhabha Atomic Research Centre Training School, Mishra encouraged researchers to innovate in cost reduction strategies to make nuclear energy India's preferred power source. Mumbai, Jul 25 (PTI) Timely completion, access to low-cost finance, and leveraging private sector capabilities are key to lowering tariffs and improving feasibility of nuclear projects, P K Mishra, principal secretary to the prime minister, said here on Friday. He underscored the societal impact of nuclear energy and cited the use of radio isotopes for cancer care, and radiation technologies for wastewater treatment and agriculture storage. The government had sanctioned 50 multi-product food irradiation units for the MSME sector under the 2024-25 Union Budget, Mishra said. Irradiation facilities in 12 states were enhancing shelf-life and ensuring compliance with international phytosanitary standards for food products such as fruits, spices, pulses, and herbs, he added. Mishra also urged the scientific community to commercialise spin-off technologies emerging from research labs. Nuclear energy presents a major opportunity for sustainable growth and clean power in response to climate challenges, he said. Mishra called for revisiting regulatory mechanisms and investing in further safety-related research, especially as private sector participation expands. He emphasised that public confidence in safety standards must be a top priority. Mishra also highlighted the key announcements from the Budget 2024-25 such as R and D support for Bharat Small Modular Reactors and advanced nuclear technologies and a targeted expansion to 100 GW of nuclear capacity by 2047, with proposed amendments to relevant legislations enabling private sector participation. PTI SKU ARI This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
The Hindu
21-07-2025
- Business
- The Hindu
PM Internship Scheme: 6% of recipients of offers have joined work so far
A little more than 50,000 candidates have so far accepted the 1.53 lakh offers made by companies under the Prime Minister Internship Scheme (PMIS), according to data provided by the government to the Lok Sabha. Of those who have accepted, 8,700 or about 6% have so far joined their respective companies as interns. The PMIS was announced in the Budget 2024-25, and aims to provide internships in India's top 500 companies to one crore youth in five years. The Ministry of Corporate Affairs in October 2024 launched a pilot project of the scheme, which aimed to provide 1.25 lakh internship opportunities to the youth in one year. In the first round of this pilot, companies posted more than 1.27 lakh internship opportunities on the PMIS Portal across the country. 'Against this, more than 6.21 lakh applications were received from about 1.81 lakh candidates,' Union Finance Minister Nirmala Sitharaman said in a written reply posed by members of Parliament Vijay Kumar Dubey and Shobhanaben Mahendrasinh Baraiya. 'Partner companies made over 82,000 internship offers to over 60,000 candidates, out of which more than 28,000 candidates accepted offers to join the internship, and over 8700 candidates joined their internship,' Ms. Sitharaman added. In the second round of the pilot, which began on January 9, 2025, the partner companies posted over 1.18 lakh internship opportunities, including new ones and edited unfilled opportunities from the previous round, across 735 districts of the country. 'Over 4.55 lakh applications were received from over 2.14 lakh applicants in this round,' Ms. Sitharaman said. 'As on 17.07.2025, partner companies have made over 71,000 offers to the youth and over 22,500 offers have been accepted. Currently, rolling out of offers and the process of acceptances/ joining by interns is in progress.' In total, so far, 1.53 lakh offers have been made to candidates, of which 50,500 were accepted.
Business Recorder
05-06-2025
- Business
- Business Recorder
‘ST imposition under EFS will sabotage export industry'
FAISALABAD: Addressing at a press conference, Senior Vice Chairman of the Pakistan Hosiery Manufacturers & Exporters Association (PHMA), Hazar Khan, warned that the imposition of sales tax at the import stage under the Export Facilitation Scheme (EFS) will sabotage the export industry. He cautioned that the government's move to impose sales tax at the import stage within the EFS framework would be another severe blow to apparel and textile exporters, who are already under immense financial pressure. He emphasised that the collection and refund process of sales tax is not only inefficient but also provides opportunities for corruption through fake refunds, while genuine exporters face long delays in getting their refunds. The value-added textile sector strongly believes that the EFS should be continued in its original form as it existed prior to Budget 2024-25, to ensure liquidity and transparency in the value chain. This stance is also supported by the inter-ministerial committee, led by the federal minister for Planning, under the directives of the prime minister. Chaudhry Salamat Ali, Group Leader of PHMA, stated that the EFS was developed through consultation with stakeholders and has streamlined, digitised, and improved the efficiency of the export process. Fully automated under WeBOC and PSW systems, the scheme has provided financial relief to exporters. He highlighted that APTMA is using outdated machinery with poor quality and high costs, while value-added garment production requires yarn that meets international standards. The government allowed yarn imports under EFS, which is a key reason for the increase in exports. Arif Ihsan Malik, former Chairman of APBUMA, mentioned that duty-free yarn imports have long been allowed under various SROs, similar to policies followed by Bangladesh, Vietnam, and other countries. He refuted APTMA's claim that 100 of their mills have shut down, calling it baseless and demanding that they share accurate data with the media. He also advocated for allowing commercial importers to bring in yarn under EFS so that small and medium-sized exporters can benefit as well. Mian Kashif Zia, former chairman of PHMA, said that the apparel industries in Bangladesh and Vietnam also rely on imported raw materials and their governments run similar facilitation schemes. Imposing sales tax under EFS would defeat its core purpose. Mian Farrukh Iqbal, former Chairman of PHMA, stated that the government has set a $60 billion export target under the 'Uraan' programme, which will be at risk if the EFS is withdrawn. He further claimed that APTMA produces substandard yarn which fails to meet international expectations, thus compromising the quality of garments made from it. Copyright Business Recorder, 2025
