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Human Capital Index (HCI) 2018
- Shri Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA), Ministry of Finance emphasized the need to recognize that digital technological changes taking place are more fundamental than even invention of the steam engine, which had laid the foundation of the industrial revolution.
Context:
- The Session focused on the World Development Report, which is on the changing nature of work. HCI uses metric of industrial era to measure the status of human capital for digital age and its production system. He said that a better metric is needed.
The key factors highlighted were:
- Structural reforms in areas like taxation and bankruptcy are helping the Indian economy in building its resilience to global shocks and maintain a robust growth rate despite challenges.
Pradhan Mantri Kaushal Kendra (PMKK) Patiala
Context:
- The Union Minister for Food Processing Industries, Smt. Harsimrat Kaur Badal inaugurated Pradhan Mantri Kaushal Kendra (PMKK) Patiala where 1000 students will get free training in skill Development every year in the multiple courses like Hair Stylist, Manual Arc Welding, Plumber, Field Technician – Other Home Appliances and Mobile Phone Hardware Repair Technician.
About:
- PMKK is the flagship scheme of Union Ministry of Skill Development and Enterpreurship under Government of India is setting up 600 PMKK’s in identified districts.
- This initiative will also result in transformation of the lives of the youth through wage employment and self employment by gaining access to Mudra Loans.
- Such a vocational and skilling centre in the vicinity will enable youth of the region to take benefit of the courses being offered here and earn a livelihood.
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Also See:
| Human Capital Index | Pradhan Mantri Kaushal Vikas Yojana |
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