Latest news with #InternshipScheme
Time of India
5 days ago
- Business
- Time of India
Mandaviya outlines five-pronged strategy to help India become a Viksit Bharat in 2047
Labour and employment minister Mansukh Mandaviya outlined a five-pronged strategy that includes a citizen-centric growth model, an enabling environment for inclusive and sustainable development, leveraging India's demographic dividend , skilling India's youth and nurturing a culture of innovation, responsibility, and national pride, to help transform India into a developed nation by 2047. Speaking at the Confederation of Indian Industry's (CII) Annual Business Summit 2025 on Friday, Mandaviya called for a collaborative approach between government, industry and academia to impart skills training to India's youth to cater to the global demand for a skilled workforce. 'Cluster-based industrial training institutes (ITIs) are being developed, where industry-relevant skills will be taught to trainees under the hub and spoke model' Mandaviya said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In La Soukra (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo According to Mandiaviya, the 6-7% economic growth witnessed in India leads to wealth creation, increased purchasing power, job creation, and enhanced productivity. India is one of the world's best investment destinations because of its large democracy, transparent judiciary, rising purchasing power, large market and skilled workforce, said. Live Events 'Government's vision is grounded in India's demographic strength and cultural legacy. It is committed to leverage the nation's demographic advantage, as 65% of India's population is below the age of 35,' he said. 'This young population holds immense potential to drive growth across all sectors of the economy, towards which a focused effort is required to channelise this energy effectively,' he added. Mandaviya reiterated the Prime Minister's Internship Scheme (PMIS) will create job opportunities for 10 million youth in 'downstream companies' in the next five years. Citing the Reserve Bank of India data, Mandaviya said 170 million employment opportunities were created across India in a decade compared to 45 million in the decade earlier.
The Star
23-05-2025
- Business
- The Star
Hong Kong police arrest nine in connection with HK$140,000 internship subsidy scam
Nine people, mostly university students, have been arrested in Hong Kong over an employment scam that allegedly defrauded the government of HK$140,000 (US$17,890) in subsidies through an internship programme. Police said they received a report from a local university in November that a man had allegedly used two companies to falsely recruit eight students for short-term internship positions in the innovation and technology sector via the institution's job platform between 2023 and last year. But the students were never required to perform any actual work. Instead, they received salaries through bank transfers to create payment records. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. The man then instructed them to return the funds in cash, offering HK$500 to HK$1,000 as compensation for their transport expenses. The scheme enabled the companies to fraudulently claim HK$260,000 of government subsidies under the STEM Internship Scheme that the Innovation and Technology Commission launched in 2020. Of this amount, HK$140,000 had already been approved before the scam was uncovered. Following a two-day operation on Wednesday and Thursday, officers arrested seven men and two women, aged 19 to 28, across various districts for conspiracy to defraud. The suspects comprised the alleged mastermind, who registered as a company director, and the eight university students involved. During the raids, police seized computers, mobile phones and relevant work documents. All those arrested were released on bail pending further investigation and must report to police by mid-July. The case is being handled by the Western district's technology and financial crimes unit. More from South China Morning Post: For the latest news from the South China Morning Post download our mobile app. Copyright 2025.
