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Internship target up nearly 6 times

Financial Express Pune

|

May 15, 2025

Nod to ₹3,706-cr chip plant

"WE HAVE A database of over 600,000 registered candidates on the dedicated portal. There's a proposal to enable companies to hire these candidates as and when there's a need," an official said.

MCA had earlier made a series of modifications in the scheme to increase the uptake, including geo-tagging opportunities and streamlining eligibility norms. The ministry identified the unwillingness of many candidates to relocate to other regions due to the "low stipend". But with geo-tagging, candidates can now apply for internship opportunities closer to their residences.

In the first round of the pilot project, just about 8,000 candidates joined companies for internship. The second round (for FY25) has still not concluded, with companies currently shortlisting candidates. Though the internship numbers may have improved in the second round, the total intake might fall significantly short of the target of 125,000, sources said. "The recruitment drive is under progress. A total of 118,000 opportunities have been offered by companies in the second round. We are expecting that the final intake to be around 50% of that. We are hopeful that the numbers will improve in the current financial year," said the official.

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time to read

1 min

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Delhi govt schools choke, private ones turn to air filters

IN THE NURSERY section of an elite South Delhi school this week, the head of Junior School conferred urgently with a class teacher whose students had left the room for a few minutes at the change of periods.

time to read

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Financial Express Pune

Yen weakens across board after BOJ delivers rate hike

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Funds for rural roads scheme see gross underutilisation

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Real interest rates need to be lower: RBI guv

RESERVE BANK OF India (RBI) Governor Sanjay Malhotra believes real interest ratesboth headline and core-need to be lower, given the benign inflation outlook, minutes of the Monetary Policy Committee (MPC) meeting released on Friday showed.

time to read

1 min

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Financial Express Pune

Europe agrees to lend 90 bn euros to Ukraine

UKRAINE THANKED THE EU for deciding to provide it with 90 billion euros ($105.46 billion) of support over the next two years-even if the bloc failed to agree on an ambitious plan to finance it using frozen Russian assets.

time to read

1 min

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Financial Express Pune

TikTok signs deals with investors to avoid US ban

TIKTOK'S CHINESE OWNER, ByteDance, on Thursday signed binding agreements to hand control of the short video app's US operations to a group of investors, including Oracle, in a big step toward avoiding a US ban and ending years of uncertainty.

time to read

1 min

December 20, 2025

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