According to government reply in Lok Sabha, the pilot phase of PMIS is being used to test concepts, strategies and systems before a full-scale implementation of the scheme.
In Round 1, PMIS saw only 280 companies offered 82,000 internships to students. Only 28,000 candidates accepted opportunities with the firms and ultimately, just 8,725 joined.
The scheme aims to skill youth in tier-2 and tier-3 cities for future employment. The government is yet to release data on how many have actually joined companies in round 2.
Despite a lot of initial interest, scheme plagued by hurdles since 1st round launch in October 2024. Corporate affairs ministry makes changes in round two to make scheme more viable.
The Ministry of Corporate Affairs said these internships will be at India’s top 500 companies, based on their corporate social responsibility expenditure over the last 3 years.
In the first eight months of the current fiscal year, New Delhi’s net tax intake didn’t even hit the halfway mark of what it expects to collect by March 31.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
Speaking at annual press conference, Army chief reiterated that India does not recognise 1963 Sino-Pakistan border pact under which Pakistan illegally ceded Shaksgam Valley to China.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
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