कोशिश गोल्ड - मुक्त
Need to make internship scheme mandatory
Business Standard
|August 29, 2024
HR experts say important to monitor progress of upskilling schemes; existing partnerships with industry need to be strengthened Mumbai, 28 August M andating India Inc to comply with the Centre's new internship scheme, which aims to skill 10 million youngsters in five years, may lead to better results, said human resources (HR) experts on Wednesday.
-
Speaking at Business Standard's BSmart HR Conclave on 'Shaping Tomorrow's Workforce', senior executives from the industry and academia said that the scheme's success, which was currently voluntary, depended on the execution.
They also said that a monitoring mechanism was required to map the learning progress made by interns.
The session saw Amit Das, country HR leader, and board member, Novo Nordisk India; Suryanarayan G Iyer, head, human capital management, cloud solution engineering team, Oracle India; Ruhie Pande, group chief HR officer, Sterlite Power; and Hema Bajaj, head, faculty, MBA-HR, Narsee Monjee Institute of Management Studies (NMIMS) discuss the interplay between jobs and skills.
Terming the internship scheme a "great intention" on the part of the government, Das said "mandate always works better in India" and it would be a good idea to make the scheme mandatory.
In her Budget speech last month, Finance Minister Nirmala Sitharaman had said that the Ministry of Corporate Affairs (MCA) would collaborate with the top 500 companies to channel resources towards industrial skills training.
Under the scheme, interns would receive a monthly stipend of ₹5,000 and a one-time assistance of ₹6,000.
The companies would cover the cost of training these interns through their corporate social responsibility (CSR) fund.
Unlike apprenticeship programmes, companies will not be obligated to offer permanent positions to interns.
On Wednesday, the panelists concurred that the programme was a "great idea at a mammoth level", adding that humans could differentiate themselves from machines by learning the skills of the future: Art of judgement and contextualisation. The challenge was to create a mechanism to monitor the progress in skilling.
यह कहानी Business Standard के August 29, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Business Standard से और कहानियाँ
Business Standard
Meity may cut compliance timeline for key DPDP rules
The Ministry of Electronics and Information Technology (Meity) is likely to shorten the implementation timeline for certain provisions under the administrative rules of the Digital Personal Data Protection (DPDP) Act for significant data fiduciaries (SDFs) to 12 months from the earlier 18 months, sources told Business Standard.
2 mins
January 23, 2026
Business Standard
Opportunity for 'great powers' to join forces: Merz on India-EU FTA
Days before the signing of a free agreement between India and the European Union, German Chancellor Friedrich Merz (pictured) on Thursday said \"the era of great powers\" presents an opportunity for countries favouring regulations to join forces against protectionism and isolationism.
1 mins
January 23, 2026
Business Standard
Record $32 bn raised in 2025 via overseas syndicated loans
Pipeline robust as firms look at more acquisitions
3 mins
January 23, 2026
Business Standard
DLF posts 13.6% profit on high net income
Realty major DLF reported a 13.6 per cent year-on-year (Yo-Y) rise in its consolidated net profit for the third quarter of financial year 2025-26 (Q3FY26), driven by high net income and strong operational performance.
1 min
January 23, 2026
Business Standard
Canada PM's likely India visit to boost Cepa talks
Both sides working to ensure Carney visits New Delhi before March-end.
3 mins
January 23, 2026
Business Standard
IndiGo Q3 net nosedives 78%
Dec flight disruptions, labour Codes, depreciation hit earnings
3 mins
January 23, 2026
Business Standard
Bank unions to go on strike on January 27
The United Forum of Bank Unions (UFBU) is likely to go ahead with the proposed allIndia bank strike on January 27, demanding five-day work week, after a conciliation meeting convened by the chief labour commissioner (central) between UFBU and the Indian Banks' Association (IBA) ended without an agreement.
1 min
January 23, 2026
Business Standard
EU suspends GSP export benefits; textiles, plastics likely to be hit
The European Union (EU) has suspended export benefits to sectors such as textiles and plastics under a preferential scheme for India and two other countries from January 1, a move that will impact the country's shipment to the 27-nation bloc.
1 mins
January 23, 2026
Business Standard
Competitive challenges to keep Eternal under pressure
The Q3FY26 results from Eternal contained two major surprises.
3 mins
January 23, 2026
Business Standard
Zeel net profit down 5%
Zee Entertainment Enterprises (Zeel) on Thursday reported as.1 per cent fall in its consolidated net profit to ₹155.3 crore in the third quarter of the financial year 2026 (Q3FY26) against the same period last year.
1 min
January 23, 2026
Listen
Translate
Change font size

