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Karnataka’s Skill Development Policy 2025-2032: A Strategic Move for Economic Growth Karnataka, one of India’s leading states in terms of economic growth, has launched its Skill Development Policy 2025-2032. This policy aims to create a skilled workforce aligned with emerging sectors like AI, blockchain, and green energy, in line with the state’s ambition to become …
Read MoreTHE SKILLS CHECK: REINVENTING INDIA’S VOCATIONAL TRAINING Syllabus: GS-2: Development of sectors related to Education. Skill Development Why in the News? On August 15, the Prime Minister highlighted reforms to boost domestic consumption and employment. While GST recalibration may spur growth, experts argue India must simultaneously overhaul its Vocational Education and Training (VET) system to …
Read MoreEMPLOYMENT-LINKED INCENTIVE SCHEME FOR FORMAL JOB CREATION Why in the News? Cabinet approval: The Union Cabinet approved the Employment-Linked Incentive (ELI) scheme to boost formal job creation, especially in manufacturing. This represents one of the most significant policy changes in recent years aimed at employment generation. Massive outlay: With a budget of ₹99,446 crore, the …
Read MoreWhy in the news? Indian Staffing Federation (ISF) emphasizes formalization of India’s informal labour market. Informal labour constitutes 85% of the workforce, contributing over half of the GDP. ISF advocates for a structural shift towards formal employment for equitable opportunities. source:medium About Flexible Staffing: Flexible Staffing: Employees sourced from temporary agencies, leased, or contracted. Also …
Read MoreRelevance: GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in the News? The current discourse suggests that Pakistan has lower unemployment rates than India with assertions that a staggering 300 million individuals have exited India’s labor force, alongside youth unemployment figures peaking at 45 percent. …
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