National Skill Development Mission Current Affairs

Cabinet approves re-structuring of NSDF and NSDC

The Union Cabinet has approved proposal for restructuring of National Skill Development Fund (NSDF) and National Skill Development Corporation (NSDC) to strengthen their governance, implementation and monitoring framework.

The purpose of restructuring is also to ensure better corporate governance, transparency and accountability in operations of NSDC. Besides it will also strengthen oversight role of NSDF. It will also lead to restructuring of composition of Board of NSDF and NSDC to strengthen governance, implementation and monitoring framework.

Background

NSDC and NSDF were set up by Ministry of Finance and registered in July 2008 and January, 2009 respectively for implementing coordinated action for skill development. NSDF’s main objective is to enhance, stimulate and develop skills of Indian youth force by various sector specific programmes. It was incorporated as trust to act as receptacle for financial contributions from Governmental sources, bilateral and multilateral and other agencies. NSDF entered into Investment Management Agreement (IMA) with NSDC for utilization of its corpus to meet desired objectives of National Skill Development Mission and encourage skill development in country.

Month: Categories: India Current Affairs 2018

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15 July: World Youth Skills Day

The World Youth Skills Day is observed globally on 15 July every year to raise awareness about the importance of investing in youth skills development.

Significance of Day: Create more awareness on training and the development of skills for the youth of today. Create better employment opportunities for the youth.

2016 Theme: Skills Development to Improve Youth Employment”.

On the occasion, United Nations had organised the event facilitated by the UN Envoy on Youth Ahmad Alhendawi. It was co-organized with the Permanent Missions of Sri Lanka and Portugal to the UN along wth UNESCO and the International Labour Organization (ILO).

Observances in India

  • President Pranab Mukherjee inaugurated the first edition of India Skills Competition on the occasion of World Youth Skill Day.
  • The competition commemorate first anniversary of Union Ministry of Skill Development.
  • Besides on this day in 2016, National Skill Development Mission was launched by Prime Minister Narendra Modi to create convergence across sectors and states in terms of skill training activities.

Background: The United Nations General Assembly (UNGA) had established World Youth Skills Day in November 2014 to raise awareness about the importance of investing in youth skills development.

Month: Categories: India Current Affairs 2018International Current Affairs 2018

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