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PM Internship Scheme: What It Is, How To Apply,…

4 October 2024
by admin

New Delhi: The Central government has launched the pilot phase of the Prime Minister’s Internship scheme. This is set to provide 1.25 lakh internship opportunities in the fiscal year 2024-25. The internship will start from December 2 with an estimated budget of around Rs 800 crore. This aims to support a diverse group of 1.25 lakh candidates by the end of March 2025.

What is the PM Internship Scheme?

The Union Budget 2024 announced the Prime Minister’s Scheme which aims to offer internship opportunities to one crore youth over five years in 500 top companies. Participants will gain exposure to real-life business environments, explore various professions and discover employment opportunities over a 12-month period. Each intern will receive a monthly allowance of Rs 5,000, along with a one-time support of Rs 6,000. Companies are expected to cover the training costs and contribute 10 percent of the internship expenses from their CSR funds.

Eligibility Criteria for the PM Internship Scheme:

– Age Range: Candidates must be between 21 to 24 years old.

– Employment Status: Must not be engaged in full-time employment.

– Family Background: Individuals from families with government employees are not eligible.

– Exclusions: Graduates from prestigious institutions like IITs and IIMs, or those with qualifications such as CA or CMA, are excluded from the scheme.

– Open to ITI and Skill Center Trainees: Youth trained at Industrial Training Institutes (ITIs) and Kaushal Kendras (skill centers) can apply.

How to Apply for the PM Internship Scheme:

– Online Portal: Applications can be submitted at www.pminternship.mca.gov.in, managed by the corporate affairs ministry.

– Registration Period: Candidates can register with minimum data from October 12 to 25.

– Shortlisting Date: Applicants will be shortlisted on October 26.

– Selection Process: Companies will select candidates from October 27 to November 7.

– Offer Acceptance: Selected candidates will have from November 8 to 15 to accept their internship offers.

– Multiple Offers: Each candidate may receive up to three offers.

Science & Environment

Pune Metro Update: PM Modi To Inaugurate District Court…

28 September 2024
by admin

In Good news for Punekars, the new Metro extension line between District Court to Swargate Line will be thrown open for public on Sunday. Prime Minister Narendra Modi will lay the foundation stone, inaugurate and dedicate to the nation various projects in Maharashtra worth over Rs 11,200 crore at around 12:30 PM on 29 September, through video conferencing. Prime Minister Modi will inaugurate the Pune Metro section of District Court to Swargate which will also mark the completion of the Pune Metro Rail Project (Phase-1).

The cost of the underground section between the District Court to Swargate is around Rs 1,810 crore. Prime Minister Modi will also lay the foundation stone for the Swargate-Katraj Extension of Pune Metro Phase-1 to be developed at the cost of around Rs 2,955 crore. This southern extension of around 5.46 km is completely underground with three stations namely Market Yard, Padmavati and Katraj.

“Passenger services on the underground metro corridor from District Court to Swargate will commence on Sunday, 29th September 2024, at 4:00 PM, after the virtual inauguration by Hon’ble Prime Minister Shri Narendra Modi. From 4:00 PM, direct travel from PCMC to Swargate will be available, with interchange options for passengers from Vanaz and Ramwadi stations,” said Pune Metro.

Inauguration of Passenger Services on Underground Metro Services from District Court to Swargate

Passenger services on the underground metro corridor from District Court to Swargate will commence on Sunday, 29th September 2024, at 4:00 PM, after the virtual inauguration by… pic.twitter.com/lRh5s6RX7b
— Pune Metro Rail (@metrorailpune) September 28, 2024

Pune Metro Phase-1 Line

This brings great relief to commuters from Pimpri-Chinchwad. Prime Minister Modi had laid the foundation stone for the Shivajinagar District Court to Swargate metro line in December 2016, which has now been completed.

Earlier, on March 6, 2022, the Prime Minister inaugurated two stretches of the metro: from the PCMC headquarters in Pimpri to Phugewadi (7 km with five stations) and from Garware College to Vanaz (5 km with five stations). Later, on August 1, 2022, he inaugurated the extensions from Phugewadi to the District Court, Shivajinagar (6.9 km with four stations), and from Garware College to Ruby Hall Clinic (4.7 km with seven stations).

पुणे मेट्रो प्रकल्पाच्या स्वारगेट भूमिगत मेट्रो स्थानकाचे मनमोहक छायाचित्रे…

लवकरच प्रवासी सेवेसाठी खुले होणार !

Iconic views of Pune Metro’s Swargate underground station!

Opening soon for passenger services!#ReasonToSmile #Milestone #UndergroundMetroStation… pic.twitter.com/ShBKsxC7oC
— Pune Metro Rail (@metrorailpune) September 25, 2024

On March 6, 2024, Prime Minister Modi inaugurated the Ruby Hall Clinic to Ramwadi stretch, offering further relief to commuters from Pimpri-Chinchwad by providing quick access to Kalyaninagar and Vimannagar, bypassing traffic congestion.

With the completion of the Shivajinagar-Swargate stretch, Pimpri-Chinchwad commuters can now avoid the chaotic traffic and reach Swargate in just 40 minutes.

Other Projects On Unveil

Prime Minister Modi will also dedicate to the nation Bidkin Industrial Area, a transformative project covering an expansive 7,855 acres under the National Industrial Corridor Development Program of Govt. of India, situated 20 kms south of Chhatrapati Sambhajinagar in Maharashtra. The project developed under Delhi Mumbai Industrial Corridor holds immense potential as a vibrant economic hub in the Marathwada region. Central Government has approved this project with an overall project cost of over Rs. 6,400 crore for development in 3 phases.

Prime Minister Modi will inaugurate the Solapur Airport which would significantly improve connectivity, making Solapur more accessible to tourists, business travellers and investors. The existing terminal Building of Solapur has been revamped to serve around 4.1 lakh passengers annually. The Prime Minister will also lay the foundation stone for the Memorial for Kranti Jyoti Savitribai Phule’s First Girls’ School at Bhidewada.

Science & Environment

Bharat is Unstoppable: PM Modi Pens Blog as ‘Make…

25 September 2024
by admin

The imprint of ‘Make in India’ has become visible across sectors, including areas where we never even dreamt of making an impact, says PM Modi. (Image: YouTube)

Prime Minister Narendra Modi has hailed the completion of 10 years of ‘Make In India’ initiative and says the collective resolve of 140 crore Indians was transforming the nation into a manufacturing and innovation powerhouse.

Prime Minister Narendra Modi on Wednesday hailed the completion of ten years of ‘Make In India’ initiative and said that the collective resolve of 140 crore Indians was transforming the nation into a manufacturing and innovation powerhouse.

Penning a blog on the milestones and landmarks achieved under the flagship scheme, PM Modi wrote: “The impact of Make in India shows that Bharat is unstoppable.”

PM Modi said that today was a moment to salute the country’s vast talent pool for making the initiative a roaring success.

“Each of you is a pioneer, visionary and innovator, whose tireless efforts have fuelled the success of Make in India and thereby made our nation the focus of global attention as well as curiosity,” he wrote.

He further said that the initiative which was undertaken ten years ago is yielding big results, as is evident in the manufacturing sector and also in the country’s big strides in the export sector.

“The imprint of ‘Make in India’ has become visible across sectors, including areas where we never even dreamt of making an impact,” he said.

PM Modi also cited some examples to explain the resounding success story of the Make In India initiative.

“Mobile manufacturing… we know how important mobile phones have now become, but what is startling is that in 2014, we had only two mobile manufacturing units in the entire country. Today, that number has risen to over 200. Our mobile exports have skyrocketed from a mere Rs 1,556 crore to an astounding Rs 1.2 lakh crore – a mind-boggling 7,500 per cent increase! Today, 99 per cent of mobile phones used in India are Made in India. We’ve become the second-largest mobile manufacturer globally,” PM Modi wrote, recalling the telecom revolution in the country in the past ten years.

PM Modi further drew attention towards astronomical growth in sectors like energy and manufacturing.

“Look at Steel industry – We have become a net exporter of finished steel, with production increasing by over 50 per cent since 2014. Our semiconductor manufacturing sector has attracted investments worth over Rs 1.5 lakh crore, with five plants approved that will have a combined capacity of more than 7 crore chips per day. In renewable energy, we are the 4th largest producer globally, with capacity increasing by 400 per cent in just a decade. Our electric vehicle industry, practically non-existent in 2014, is now worth $3 billion,” PM Modi wrote on his blog.

He further said that the defence production exports have soared from Rs 1,000 crore to Rs 21,000 crore, spanning across over 85 nations.

PM Modi also took pride in the indigenous production of state-of-the art trains, including Vande Bharat, and missiles like BrahmMos and boasted about all of them having a ‘Make In India’ imprint.

The Prime Minister further wrote: “Make in India initiative is special because it has given the poor the wings to dream big and aspire – it has given them the confidence that they can be wealth creators. Equally notable is the impact on the MSME sector.”

He described Production Linked Incentive (PLI) schemes as one of the game-changers as it was enabling investments of thousands of crores and generating lakhs of jobs.

PM Modi said that the country has emerged as a key player in the global supply chain and also boasted about the country’s phenomenal Yuva Shakti as it is proving its mettle in the Start-Up industry, globally.

The Prime Minister also called upon young Indians to come forward and join the Make In India initiative to take it to new heights.

“The momentum is clearly in India’s favour. Despite facing unprecedented challenges like the global pandemic, India has remained firmly on the growth track. Today, we are being seen as drivers of global growth. We all must strive for excellence. Zero defect should be our mantra,” he said in a concluding note.

(This story has not been edited by News18 staff and is published from a syndicated news agency feed – IANS)

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experi…Read More

Science & Environment

Semicon India 2024: Entrepreneurs Hail First-Of-Its Kind Initiative, Call…

11 September 2024
by admin

New Delhi: As the three-day Semicon India 2024 event kicked off in Greater Noida on Wednesday, entrepreneurs and traders were a happy lot as they got to showcase their products and also a chance to connect with respective global business partners. Many traders at the exhibition welcomed the first-of-its-kind initiative by Prime Minister Narendra Modi-led government and called for making it a regular event, yearly.

Some entrepreneurs said that the Semicon India event helped develop a direct bridge with hi-tech global counterparts as well as the consumers, while others saw this as a big stepping stone in Make in India initiative. Earlier on Wednesday, PM Modi after inaugurating the Semicon event, said that it was the right time to be in India as the government was offering stable policies and ease of doing business on investments.

Speaking at the inauguration, PM Modi said: “I can say that this is the right time to be in India. You are at the right place at the right time. In India of the 21st century, the chips are never down. Today’s India makes the world believe that when the chips are down, you can bet on India.”

A couple of traders spoke to IANS explaining the importance of the Semicon event and what it would mean for their businesses. SCT Solutions’ Nilesh Dhanraj said that the event was one of its kind in the country and companies from across the world are participating in it.

“This facilitates direct link between producers and consumers. We urge the government to organise more such events in the future,” he added. Gentec’s Chinmaya Panchal said that such events should be organised not just once a year but also half-yearly or quarterly as such exhibitions help develop synergy between various stakeholders.

Win Chen of AGM group said that he was very happy to attend the SEMICON show. “It was very impressive, many noted companies participated in the show,” he said. Jayesh Panchang, a representative of Taiwan-based company AGM said that after PM Modi inaugurated the event, the semiconductor industry should grow at a fast pace. “We would be happy to be part of this journey,” he added.

Stonhard India, which looks after clean rooms and conductive flooring of the semiconductor industry, said that it supports PM Modi’s vision. “This will give strength to the Made in India mission. Many global companies are taking part in it. Many stakeholders are coming under one roof and this will facilitate fast-paced growth,” said Stonhard India representative.

Arun Kumar Singh said that his company has been given a target of installing 25 crore Smart meters. “This will plug leakages in electricity distribution and will bring an end to power theft,” he said. Notably, the Semicon India 2024 is being organised from September 11 to 13 with the theme ‘Shaping the Semiconductor Future’. The three-day conference will showcase India’s semiconductor strategy and policy which envisions making India a global hub for semiconductors.

Science & Environment

Mumbai-Indore train journey to get shorter! Cabinet approves new…

2 September 2024
by admin

Mumbai to Indore train travel gets a boost! Your Indian Railways train journey between Mumbai and Indore is set to get shorter with the Cabinet approving a new railway line project. Prime Minister Narendra Modi-led Cabinet Committee on Economic Affairs on Monday approved a new project that will ensure “shortest rail connectivity between Mumbai and Indore”.
The new railway project will come up between Indore and Manmad at a total expenditure of Rs 18,036 crore.It will cover 6 districts in the two states of Maharashtra and Madhya Pradesh. The project will increase the existing Indian Railways network by 309 kilometres and will involve the construction of 30 new railway stations as well.
The new railway line project is expected to generate direct employment of around 102 lakh man-days during its construction.
The project, a result of the PM-Gati Shakti National Master Plan for multi-modal connectivity, has been made possible through integrated planning and will ensure seamless connectivity for the movement of people, goods, and services.
The new line will improve connectivity to the aspirational district of Barwani and providing access to around 1,000 villages and a population of about 30 lakh.
According to the government’s press release, the project will boost tourism in the region by offering a shorter route between the western and south-western parts of the country and central India, increasing tourist footfall to various tourist and religious sites in the Ujjain-Indore region, including the Sri Mahakaleshwar Jyotirlinga Temple.
Moreover, the project will directly connect the Pithampur Auto Cluster, which houses 90 large units and 700 small and medium industries, to the gateway port of JNPA and other state ports.
It will also provide direct connectivity to millet-producing districts in Madhya Pradesh and onion-producing districts in Maharashtra, facilitating the distribution of these commodities to northern and southern parts of the country.
The route is crucial for transporting various commodities, including agricultural products, fertilizer, containers, iron ore, steel, cement, and POL. The capacity augmentation work is expected to result in additional freight traffic of about 26 MTPA (Million Tonnes Per Annum).

Science & Environment

Check List Of 12 Industrial Nodes/Cities That Will Get…

30 August 2024
by admin

New Delhi: The Union Cabinet has given its green signal to 12 New Industrial Cities Under NICDP with an estimated investment of 28,602 Crore to Boost India’s Global Manufacturing Edge.

India is on the cusp of a significant industrial transformation following the Cabinet Committee on Economic Affairs’ recent approval of 12 new project proposals under the National Industrial Corridor Development Programme (NICDP). This landmark decision, chaired by Prime Minister Narendra Modi, involves an estimated investment of Rs 28,602 crore, said an official release.

The initiative aims to create a strong network of industrial nodes and cities, driving economic growth and enhancing the country’s global competitiveness. These 12 industrial areas, strategically located across 10 states and planned along six major corridors, will be pivotal in advancing India’s manufacturing capabilities and economic expansion.

The approved cities include the following

Khurpia, Uttarakhand

Rajpura-Patiala, Punjab

Dighi, Maharashtra

Palakkad, Kerala

Agra, Uttar Pradesh

Prayagraj, Uttar Pradesh

Gaya, Bihar

Zaheerabad, Telangana

Orvakal, Andhra Pradesh

Kopparthy, Andhra Pradesh

Jodhpur-Pali, Rajasthan

Approving 12 new industrial nodes under the NICDP marks a significant milestone in India’s journey towards becoming a global manufacturing powerhouse. With a strategic focus on integrated development, sustainable infrastructure, and seamless connectivity, these projects are poised to redefine India’s industrial landscape and fuel the nation’s economic growth for years to come.

Beyond these new approvals, NICDP has already completed four projects, with another four currently under implementation. This continued progress underscores the government’s unwavering commitment to transforming India’s industrial sector and fostering a vibrant, sustainable, and inclusive economic environment.

Science & Environment

Modi uses Pakistan airspace for return to India –…

24 August 2024
by admin

Indian Prime Minister Narendra Modi’s plane utilized Pakistan’s airspace during his return journey from Poland to Delhi on Saturday morning.

According to civil aviation sources, the aircraft entered Pakistani airspace at 10:15am and remained within the country’s borders for 46 minutes.

The plane entered Pakistan’s territory over Chitral and then passed through the air control zones of Islamabad and Lahore. It eventually exited Pakistani airspace into India over Amritsar at 11:01am.

Civil aviation authorities confirmed that the flight was monitored as it crossed key regions of Pakistan before making its way into Indian territory.

Science & Environment

Rahul Gandhi vows Indian lawmakers will not be silenced…

26 June 2024
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India’s new leader of the opposition Rahul Gandhi said on Wednesday that his lawmakers would not be silenced, in his first speech since formally taking up a post vacant for a decade.

Gandhi, Prime Minister Narendra Modi’s chief rival, was appointed by fellow opposition lawmakers to the post in a signal of a reinvigorated challenge to the government.

“The government has political power, but the opposition also represents the voice of India’s people,” Gandhi said in a speech in the lower house of parliament, accompanied by supportive thumps by his party’s lawmakers on their desks.

“This time, the opposition represents significantly more voice of the Indian people.” In the past two parliaments, Gandhi’s once-mighty Congress party did not have enough seats in the legislature to qualify him for the post.

Modi’s first two terms in office followed landslide wins for his right-wing Bharatiya Janata Party (BJP), allowing his government to drive laws through parliament with only cursory debate.

However, the BJP won only 240 seats in this year’s poll, its worst showing in a decade and 32 seats below a majority. That forced it to rely on coalition allies to build a 293-seat majority in the 543-seat lower house.

Modi, 73, on Monday appealed to an emboldened opposition for “consensus” following his election setback.

‘Defend the constitution’

Gandhi, 54, defied analysts’ expectations and exit polls to help his Congress party nearly double its parliamentary numbers. It was its best result since Modi swept to power in 2014, and rescued it from the political wilderness.

“We would like the house to function often and well,” Gandhi told veteran BJP lawmaker Om Birla, the speaker in the previous parliament, who was reelected on Wednesday to the post.

“It is very important that cooperation happens on the basis of trust,” he added. “It is very important that the voice of the opposition is allowed to be represented in this house.”

Modi’s BJP remains in control of all key cabinet posts, but analysts say he will be forced to seek consensus within his coalition to push more contentious legislation through parliament.

Gandhi told Birla that the speaker’s role was not only to facilitate the passing of laws, but also to ensure democratic debate flourished. “The question is not: How efficiently the house is run? The question is: How much of India’s voice is being allowed to be heard in this house?” Gandhi said.

“The idea that you can run the house efficiently by silencing the voice of the opposition is a non-democratic idea,” he added. “This election has shown that the people of India expect the opposition to defend the constitution of this country.”

Science & Environment

Gautam Adani takes a dig at Hindenburg report at…

24 June 2024
by admin

Adani Group Chairman, Gautam Adani, has hit out about the controversy sparked by the US-based short-seller Hindenburg Research in January 2023, which plunged the company into significant turmoil due to allegations of corporate governance lapses. At the time as well, Adani had refuted all the accusations.
According to an ET report, at Adani Enterprises’ Annual General Meeting on Monday, Gautam Adani said, “Typical short sellers target gains from financial markets.This was different. It was a two-sided attack – a vague criticism of our financial standing and, at the same time, an information distortion campaign, dragging us into a political battlefield.”
Adani claimed that the short-seller attack was designed to defame group, do maximum damage. He also said that the headwinds that tested the Adani Group made it stronger.
With the National Democratic Alliance, led by Narendra Modi, securing power for a third consecutive term, the Adani Group is well-equipped to further the economic and social initiatives that have fueled its remarkable progress over the past ten years, Gautam Adani said at the AGM, according to the ET report.
Adani asserted, “India is no longer at the crossroads of destiny – we stand on the brink of our greatest growth phase. By the end of this decade, our nation is set to become the world’s third-largest economy.” He further added, “Given our demographic dividend, we are well on our way to being the largest middle class that the world will ever witness.”
Adani also said, “Despite never having faced any challenges with debt repayments, we chose to drop our Debt to EBITDA ratio to 2.5x in just six months. It now stands even lower at 2.2x. This approach has not only strengthened our financial resilience but has also increased our headroom for future expansion.”

Adani Group AGM: Top 10 Takeaways

Gautam Adani claimed that amplified by a segment of biased media, Hindenburg’s allegations were intended to tarnish the group’sreputation, inflict maximum harm, and undermine its market value.
In a scenario where many companies would have faltered, Adani said that the group’s liquidity proved to be its strongest asset. To further strengthen financial reserves, Adani group secured an additional Rs 40,000 crore, ensuring it can comfortably manage debt repayments for the next two years.
Envision the massive redevelopment project in Mumbai’s Dharavi as the group transforms the world’s largest slum over the next decade, providing improved living conditions for over one million residents.
We achieved our highest EBITDA of Rs 82,917 crore (approximately $10 billion), reflecting an impressive 45% increase, he said. This outstanding performance propelled the PAT to a record Rs 40,129 crore, a significant 71% growth.
Three of the group’s portfolio companies—Ambuja, ACC, and APSEZ—have now achieved AAA ratings.
India is no longer at a crossroads; we are on the verge of entering our greatest growth phase, he said.
With our demographic advantage, we are well on our way to becoming the largest middle class the world has ever seen, Adani added.
The foundation for growth is firmly established, and the next decade promises even greater advancements.
Our infrastructure spending is projected to grow at a CAGR of 20-25%, reaching a cumulative total of $2.5 trillion, he said.
The foundation for growth is firmly established, and the next decade promises even greater advancements, he claimed.

Science & Environment

Indian PM Modi unveils coalition cabinet dominated by his…

10 June 2024
by admin

Indian Prime Minister Narendra Modi unveiled on Monday his coalition government after a surprise election setback lost his Hindu-nationalist party an overall majority.

The 71 members of his government took the oath of office after Modi on Sunday, with 11 posts going to coalition allies who extracted them in exchange for their support — including five in the top 30 cabinet posts.

But Modi’s Bharatiya Janata Party (BJP) old guard dominates the list, with key posts unchanged — signalling broad policy continuity.

That includes BJP loyalists Rajnath Singh, Amit Shah, Nitin Gadkari, Nirmala Sitharaman and S Jaishankar — the defence, interior, transport, finance and foreign ministers respectively, staying on in their jobs.

Powerful BJP president Jagat Prakash Nadda was named as health minister.

Posts given to coalition leaders include civil aviation, to Kinjarapu Rammohan Naidu of the Telugu Desam Party (TDP), the BJP’s biggest ally.

Other coalition posts include smaller ministries such as heavy industry, food processing and fisheries.

There are no Muslim lawmakers among his third-term lineup, unlike his past two governments, both formed after his right-wing BJP won a majority.

Modi’s decade as premier has seen him cultivate an image as an aggressive champion of the country’s majority Hindu faith, worrying minorities, including the country’s 200-million-plus Muslim community.

“Honoured to serve Bharat”, Modi wrote after he was sworn into office, using the country’s name in Sanskrit, a word dating back to ancient Hindu scriptures.

He held his first cabinet meeting in the evening, where plans were approved for assistance for 30m new homes for poor families.

Modi had been forced into quick-fire talks with coalition partners in the National Democratic Alliance (NDA), whose 293 seats guaranteed him the parliamentary numbers to govern.

Old guard dominate

Earlier today, Modi took his first action, approving the latest tranche of a cash handout for 93m farmers.

Two-thirds of India’s 1.4 billion people draw their livelihood from agriculture, which accounts for nearly a fifth of the country’s gross domestic product.

Despite BJP’s dominance in the cabinet, the coalition means Modi must seek greater consensus in this parliament.

The TDP from Andhra Pradesh is led by veteran politician Chandrababu Naidu, who began his political career with Congress, the biggest opposition party to the BJP.

The next biggest, the Janata Dal (United) party of Bihar, is headed by Nitish Kumar, who has a history of frequently changing his allegiance to and from the BJP to suit his interests.

He was one of the founding members of the opposition alliance that competed against Modi in this year’s election — but switched sides just weeks before the vote began.

Seven of the 71 ministers are women, with two in the top cabinet.

Modi’s chief rival Rahul Gandhi was nominated on Saturday to lead India’s opposition in parliament after he defied forecasts to help the Congress party nearly double its seats.

No date has been set for the opening of parliament, but Indian media have reported the new session is expected to begin next week when the speaker will be elected.