Best of PIB: 23 Feb 2017 for UPSC Exam

Entrepreneurship Education to get a big boost
• The Ministry of Skill Development and Entrepreneurship (SDE) and Wadhwani Operating Foundation (WOF) have signed two Agreements on jointly developing and implementing Entrepreneurship and Skill Development initiatives in the country
• The Pradhan Mantri YUVA Scheme will be the first joint effort in this regard

• Was launched by the Ministry in November, 2016
• It aims at providing on line Entrepreneurship Education to about 15 lakh students across the country through 3050 Project Institutes consisting of Institutions of Higher Learning; Schools; ITIs and Entrepreneurship Development Centres, both Government and Private
• The on-line Entrepreneurship Modules will be duly supplemented by the class room based experiential learning activities and practical’s which will be facilitated by specially trained faculty of the educational institutions
• The Ministry would also provide financial assistance to these institutions for different activities under the Scheme
• The total scheme outlay is Rs 450 Cr and the duration of the scheme is five-year
• Scheme is expected to witness setting up of more than 23,000 enterprises thus resulting into creation of more than 2.30 lakh direct and indirect jobs in the country
• The Scheme also envisages delivery of specially developed Social Entrepreneurship Modules to interested students in Institutions of Higher Learning

The Government simplifies maintenance of registers under
various Labour Laws
• The Government has simplified the maintenance of Labour registers (registers are related to details of employees, their salaries, loans/recoveries, attendance etc) of about 5.85 crore establishments in agriculture and non- agriculture sectors
• The agricultural and non-agricultural establishments are forced to maintain registers under various Central Labour Acts
• The new methodology, all previous registers envisaged under various Acts / Rules have been omitted and replaced with only 5 common Registers
• There was a need to maintain 56 registers which had 933 fields, which will be reduced to 5 registers with 144 fields
• The Ministry of Labour & Employment has also simultaneously undertaken to develop a software for these 5 common Registers

The Labour Laws under which these registers are maintained include

• The Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996
• The Contract Labour (Regulation and Abolition) Act, 1970
• The Equal Remuneration Act, 1976
• The Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979
• The Mines Act, 1952
• The Minimum Wages Act, 1948
• The Payment of Wages Act, 1936
• The Sales Promotion Employees (Conditions of Service) Act, 1976
• The Working Journalists and Other Newspaper Employees (Conditions of Service) Act, 1955

Sikkim becomes 22nd State to join UDAY

• It is optional for states
• State government to take up 75% of the debt of the discoms (50% in first year and 25% in the second year)
• The state government can issue bonds in the market
• Future losses to be taken in a graded manner
• Banks to stop issuing advances for discoms to finance their losses

Targets

• AT&C losses must be brought down to 15% by 2018-19
• The gap between average cost and tariff must be bridged

Benefits to states

• Receive additional benefits from the central government
• Additional/priority funding through certain schemes
• Supply of additional coal at specified prices
• Procurement of low cost power