India Current Affairs 2017

Latest India Current Affairs and Current Affairs related to Government policy, polity and administration in India. India’s National Current Affairs updates for 2017

Government inks $250 million Loan Agreement with World Bank for SANKALP Project

The Union Government has signed US $250 million loan agreement with World Bank for “Skills Acquisition and Knowledge Awareness for Livelihood Promotion” (SANKALP) Project to support livelihood.

World Bank’s financing arm International Bank for Reconstruction and Development (IBRD) will provide this loan. The closing date for the project is 31st March, 2023.

SANKALP Project

Objective of the project: To enhance institutional mechanisms for skills development and increase access to quality and market-relevant training for the work force. It is aimed at institutional reforms and improving quality & market relevance of skill development training programs in long and short term Vocational Education and Training (VET). It is also aimed at channelizing energy of youth in proper education, skill and jobs. It will provide market relevant training to youths and enhance their employability potential to maximum extent possible.

Key result areas for project: Institutional Strengthening at National and State Levels for Planning, Improved Quality and Market Relevance of Skills Development Programs; Delivering, and Monitoring High-Quality Market-Relevant Training; Improved access to and completion of skills training for female trainees and other disadvantaged groups and Expanding skills training through private-public partnerships (PPPs).

Significance

The scheme will provide the required impetus to National Skill Development Mission, 2015 and its various sub missions. It is aligned to flagship programs of Government such as Make in India and Swachhta Abhiyan and aim at developing globally competitive workforce for domestic and overseas requirements.

Moreover, it converges skilling efforts of various central, state and private sector institutions thus, avoids duplication of activities and bringing about uniformity in vocational training for creating better impact.

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DCI and NHAI ink MoU to facilitate supply of sand for highways construction work

Dredging Corporation of India (DCI) and National Highways Authority of India (NHAI) have signed a MoU for facilitating the supply of sand for highways construction work.

The MoU aims to fill sand supply gap by facilitating the availability of sand for concessionaires working on highways projects who were facing shortage of sand at many sites.

Key Facts

Under this MoU, DCI intends will do dredging operations at locations in South East Asia and generate large volumes of sand. This dredging will be done for purpose of obtaining sand. Business intermediaries will ship and store this sand at various ports in India and market it for highways projects. NHAI will facilitate process by displaying availability of sand at various stockyards at ports.

Dredging Corporation of India (DCI)

DCI is Indian Government Miniratna undertaking engaged in business of dredging. It was established in 1976 and reports to the Ministry of Shipping. It is headquartered at Visakhapatnam and has project offices at many seaports in India.

DCI is involved in maintenance dredging, capital dredging, beach nourishment, land reclamation, shallow water dredging, Project Management consultancy and Marine construction. It also occasionally dredges at foreign seaports in countries such as Sri Lanka, Taiwan and Dubai.

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