Ministry of Skill Development and Entrepreneurship Current Affairs - 2020

Category Wise PDF Compilations available at This Link

Government appoints AM Naik as Chairman of National Skill Development Corporation

Union Government has appointed Anil Manibhai Naik as Chairman of National Skill Development Corporation (NSDC). He is currently Group Chairman of engineering conglomerate Larsen and Toubro (L&T). He was awarded Padma Bhushan, India’s 3rd highest civilian award in 2009 for his outstanding contribution to economic growth of the country.

National Skill Development Corporation (NSDC)

NSDC is Public Private Partnership (PPP) under Ministry of Skill Development & Entrepreneurship (MSDE). It was founded in 2009 as not-for-profit company by Ministry of Finance to address need for providing skilled manpower across various industry sectors. Government of India (GoI) through MSDE holds 49% of share capital of NSDC, while private sector has balance 51% of the share capital. NSDC aims to promote skill development by catalyzing creation of large, quality and for-profit vocational institutions. Its objective is to create training capacity in the country; fund vocational training initiatives and create market ecosystem for skill development. Its mandate is to train 150 million people by 2022. It is also involved in re-skilling and also in catering to skilled manpower requirement of overseas markets, most notably that of Japan (under TITP) and UAE.

Get these updates on Current Affairs Today Android App

Government launches Closing the Skills Gap Task Force

Union Ministry of Skill Development and Entrepreneurship has launched Closing the Skills Gap Task Force in India in collaboration with World Economic Forum (WEF). It will be co-chaired by Minister of Skill Development and Entrepreneurship Dharmendra Pradhan along with Salil Parekh, Chief Executive Officer and Managing Director of Infosys.

Closing the Skills Gap Task Force

The goal of Task Force is to develop action plan to address skills gaps in India and make Indian workforce ready for jobs of future. It will bring together leaders from business, Government, civil society, and the education and training sectors to accelerate future-proofing of education and training systems in the country.

Background

More than half of India’s population is in the working age, thus skills development is critical to sustaining inclusive growth and development in the country. The task force will be significant step to accelerate the impact on skills development already achieved by bringing together relevant stakeholders to act collectively. It will the second country-led public-private collaboration of  WEF’s Closing the Skills Gap Project after South Africa.

Get these updates on Current Affairs Today Android App