ITIS: Back to the centre stage
Business Standard|August 01, 2024
Industrial Training Institutes (ITIS) have rarely made it to the Union Budget speech, but this time things were different.
NIVEDITA MOOKERJI

In her July 23 speech, Finance Minister Nirmala Sitharaman put "employment and skilling" second on her list of nine Budget priorities, just after agriculture. The upgrade of ITIS and a slew of job creation schemes through various collaborations formed the core of the “employment and skilling" theme, making this Budget markedly different from the rest.

It's perhaps a matter of chance that ITIS, which were started soon after India's independence as a way to create employment, are being brought centre stage with the same goal as the country prepares for Viksit Bharat in 2047, marking 100 years of Independence. While ITIS have come full circle, where do they stand in terms of their primary objective of imparting engineering and nonengineering trade skills to high-school students and undergraduates for creating employment?

Even as the Ministry of Skill Development and Entrepreneurship in the Union government makes policies that govern ITIS and the entire gamut of skill network, most of these institutes are run by state governments or private entities authorised by states. So, a mismatch between the central policy/curriculum and the states' capacity to train and deliver on the job front is obvious. A lack of skilled trainers, resource crunch, ineffective placement methods, outdated curriculum, and poorly equipped labs are some of the problem areas that ITIS face across states.

Denne historien er fra August 01, 2024-utgaven av Business Standard.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra August 01, 2024-utgaven av Business Standard.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA BUSINESS STANDARDSe alt
FY25 as weak-earnings year is gradually getting priced in
Business Standard

FY25 as weak-earnings year is gradually getting priced in

Even as many blame record foreign portfolio outflows for the market downturn, the real culprit is weak earnings amid rich valuations, says GAUTAM CHHAOCHHARIA, head of global markets, India, UBS. In an interview with Samie Modak in Mumbai ahead of the UBS India Summit, Chhaochharia highlights that 2024-25 (FY25) weak earnings growth is now factoring into market expectations. Investors are shifting their focus to the actions of the Reserve Bank of India (RBI) and the central government, as well as the outcome of upcoming state elections. Edited excerpts:

time-read
2 mins  |
November 12, 2024
Business Standard

Non-disclosure of foreign property invites ₹10 lakh penalty per yr

Many high-net-worth individuals who allegedly own undeclared properties in Dubai have received notices from the tax office.

time-read
2 mins  |
November 12, 2024
Modest increase in SBI share price after Q2
Business Standard

Modest increase in SBI share price after Q2

Brokerages positively revise their earnings forecasts, maintain target price

time-read
1 min  |
November 12, 2024
Strong growth, margin metrics could support LIC's valuations
Business Standard

Strong growth, margin metrics could support LIC's valuations

In the September quarter (Q2FY25), LIC reported net premium income of ₹1.2 trillion, up 12 per cent year-on-year (Y-o-Y).

time-read
2 mins  |
November 12, 2024
Business Standard

Mkts settle flat on FPI selling

Benchmark stock indices Sensex and Nifty closed flat in highly volatile trade on Monday as continuous foreign portfolio investors (FPI) selling, disappointing quarterly earnings and weak trends from Asian markets dented investor sentiment.

time-read
1 min  |
November 12, 2024
Rising retail ownership to spur equity cult in India: Morgan Stanley
Business Standard

Rising retail ownership to spur equity cult in India: Morgan Stanley

Retail investors have become a force to reckon with as their ownership of Indian equities has risen by 800 basis points or 8 per cent to 23.4 per cent in the last 10 years, suggests a recent note from Morgan Stanley.

time-read
2 mins  |
November 12, 2024
China wrests MSCI EM IMI top spot from India
Business Standard

China wrests MSCI EM IMI top spot from India

Change in the pecking order comes amid a sharp rally in Chinese equities

time-read
3 mins  |
November 12, 2024
HAVING A TRUCK WITH LNG
Business Standard

HAVING A TRUCK WITH LNG

Things are changing rapidly with the entry of the private sector, but the path of LNG trucks in India is strewn with rocks

time-read
4 mins  |
November 12, 2024
Accounting for climate finance
Business Standard

Accounting for climate finance

The climate negotiations meeting of the Conference of Parties signatory to the convention, COP29, at Baku, Azerbaijan, where most nations of the world have gathered currently, shall deal with various concerns relating to climate change.

time-read
3 mins  |
November 12, 2024
Business Standard

Re-examine trade pacts

India must consider entering CPTPP, RCEP

time-read
2 mins  |
November 12, 2024