Category: Government & PSU

State Govts and Industry commit to engage 7 Lakh apprentices for the current fiscal year.

During the 15 day Apprenticeship Pakhwada organised by Ministry of Skill Development & Entrepreneurship (MSDE), the industry has committed to engage 4.5 lakh more apprentices with States committing another 2.5 lakh apprentices. The National Apprenticeship Programme plays an important role in upskilling India’s workforce. In 2016, the Government had introduced comprehensive reforms to the Apprenticeship…

Cabinet hikes dearness allowance by 5% for central govt. employees.

The Union Cabinet has approved a 5 % hike in Dearness Allowance for central government employees. This was announced today (9th October) by Union Minister Prakash Javadekar. The approval to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners will be effective from July 2019, and…

NIIF to acquire controlling stake in IDFC Infrastructure Finance.

National Investment and Infrastructure Fund (NIIF), India’s first sovereign wealth fund announced that it has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund. This acquisition is the first investment from NIIF’s strategic fund. The acquisition is subject to approval from RBI and customary closing conditions. The company has a loan book of more than Rs…