Government Policies Current Affairs - 2020

Update on National Policy on Skill Development

On March 20, 2020, Ministry of Skill Development and Entrepreneurship presented the update on National Policy on Skill Development in Rajya Sabha

Highlights

The following initiatives have been taken under the policy by the Ministry since 2015

  • The Pradhan Mantri Kaushal Vikas Yojana was launched under the policy. It provides short term skill training to the youth.
  • SANKALP-Skills Acquisition and Knowledge Awareness for Livelihood Promotion. It is a project supported by World Bank. It focuses on apprenticeship training and support ITIs.
  • Sector Skill Councils were set up under National Occupation Standards. The Councils aim at improving the productivity of workers and reduce their skill gaps.
  • STRIVE-The Strengthening for Industrial Value Enhancement scheme was launched under the policy. It aims to improve the skills of workers through industrial training institutes.

National Policy on Skill Development

The Policy was launched in 2009 and was upgraded in 2015. The Policy aims at providing umbrella framework that will link skills and demand.

GOI: Draft New Industrial Policy and National E-Commerce Policy to be released soon

On March 18, 2020 the Ministry of Commerce and Industry announced in the parliament that New Industrial Policy and National E-Commerce Policy are to be released soon. The policies are to be framed by the Department of Promotion of Industry and Internal Trade (DPIIT).

New Industrial Policy

Previously NIP was launched in 1991. Since then the policy has not been updated. The 1991 NIP aimed at Liberalization, Privatization and Globalization. It also aimed to increase economic growth rate and also to build sufficient foreign exchange reserves. The policy also focused in international flow of goods and services in the country with several restrictions. The current government has been liberalizing these restrictions and has increased the ease of doing business with India. Hence India has reached to 63rd rank in World Bank’s recent Ease of Doing Business ranking.

The New Industrial Policy will be the third policy in Indian History after the policies that were released in 1956 and 1991. Both of those policies were prepared focusing on balance of payment crisis.

The draft NIP will focus on data protection, will subsume National Manufacturing policy and will promote foreign technology transfer. IT will also aim to attract 100 billion USD foreign investment annually.

National E-Commerce Policy

The Draft National E-Commerce Policy will focus on six broad areas namely infrastructure, data, e-commerce market places, export promotion, regulatory issues and stimulating domestic digital economy.