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The Government of India through Ministry of Skill Development & Entrepreneurship (MSDE) holds 49% of the share capital of NSDC, while the private sector has the balance 51% of the share capital. NSDC aims to promote skill development by catalyzing creation of large, quality and for-profit vocational institutions.
But, this economic growth did not translate into employment and created job shortages for skilled manpower. These challenges highlighted an immediate need for a skill development program in the country. [5] A broad policy framework was implemented in line with the recommendations of the five-year plan by launching skill development policy of 2009.
However, Skill Development responsibilities, such as Industrial Training and Apprenticeship responsibilities were transferred to the Ministry of Skill Development and Entrepreneurship from 9 November 2014. [3] The Ministry launched the National Career Service portal on 20 July 2015 to help bridge the gap between job providers and job seekers.
National Council for Teacher Education (NCTE) is a statutory body of Indian government set-up under the National Council for Teacher Education Act, 1993 (#73, 1993) in 1995 to formally oversee standards, procedures and processes in the Indian education system.
University Grants Commission (UGC; ISO: Viśvavidyālaya Anudāna Āyōga) is a statutory body under Department of Higher Education, Ministry of Education, Government of India. It was set up in accordance to the UGC Act 1956 [ 2 ] and is charged with coordination, determination and maintenance of standards of higher education in India.
Company secretaries in all sectors have high level responsibilities including governance structures and mechanisms, corporate conduct within an organisation's regulatory environment, board, shareholder and trustee meetings, compliance with legal, regulatory and listing requirements, the training and induction of non-executives and trustees, contact with regulatory and external bodies, reports ...
Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. [1] [2] A narrower concept is human capital, the knowledge and skills which the individuals command. [3]
The Minimum Wages Act 1948 is an act of parliament concerning Indian labour law that sets the minimum wages that must be paid to skilled and unskilled workers.. The Indian Constitution has defined a 'living wage' that is the level of income for a worker which will ensure a basic standard of living including good health, dignity, comfort, education and provide for any contingency.