
Central team visits self-employment training institute in Thiruvananthapuram
A two-member delegation from the Union Ministry of Rural Development visited the Rural Self-Employment Training Institute at Statue Junction here on Monday.
The delegation, comprising Lokesh Sukhwani, Mission Manager (Legal Affairs), and Dhriti Bania, Kerala State Point of Contact, visited the institute functioning as part of the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) that is being implemented in the State by the Kudumbashree.
The visit was intended to review the functioning of the institute and the progress of DDU-GKY.
The delegation conducted project implementation agency (PIA)-wise review of ongoing projects under DDU-GKY 1.0, PIA funds, projects under closure, and implementation of DDU-GKY 2.0.
Rural Self-Employment Training Institutes are centres functioning under the Union and the State government for imparting training and skill upgrade to poor rural youth with support from banks. Unemployed people between the ages of 18 and 45 are given skill training for a short period.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India Today
4 days ago
- India Today
Pakistan draws 5 potential buyers for its struggling national airline
In its efforts to sell its struggling national airline, Pakistan has received expressions of interest from five parties, including business groups and a military-backed firm, the Privatisation Ministry said on bids were submitted ahead of a June 19 deadline to acquire up to 100 per cent of Pakistan International Airlines, which has accumulated over USD 2.5 billion in losses in roughly a decade. Still, following a major restructuring, it posted its first operating profit in 21 years in the year through June sale is seen as a test of Pakistan's ability to shed loss-making state firms and meet conditions of a USD 7 billion International Monetary Fund bailout. It would be the country's first major privatisation in nearly two decades. Eight parties submitted their expression of interests, but only five of them provided documents of qualification, the ministry said in a the five groups is a consortium of major industrial firms: Lucky Cement Ltd, Hub Power Holdings Ltd, Kohat Cement Co Ltd and Metro is led by investment firm Arif Habib Corp Ltd and includes fertiliser producer Fatima Fertiliser Co Ltd, private education operator The City School and real estate firm Lake City Fertiliser Company Ltd, a military-backed conglomerate, Pakistani airline Airblue Ltd and a consortium that includes Bahria Foundation, domestic carrier Serene Air and US-based Equitas Capital LLC also submitted government will review the documents and give qualified parties access to data for due diligence," the statement DIVESTMENTOnce a leading global airline, PIA resumed European flights in January after a four-year EU ban linked to safety concerns, and is seeking UK clearances, seen as key to its turnaround. Industry insiders say the winning bidder is expected to partner with a foreign airline to run operations.A previous attempt to sell the airline failed as a USD 36 million bid from real estate firm Blue World City fell short of the USD 305 million floor price, with concerns over debt, staffing and limited time, the government is offering full divestment, has scrapped the sales tax on leased aircraft, and is providing limited protection from legal and tax claims. Around 80 per cent of the airline's debt has been transferred to the state."We're targeting 86 billion rupees in privatisation proceeds this year," Privatisation Minister Muhammad Ali told Reuters. "For PIA, in the last round of bidding, 15 per cent of the proceeds were going to the government, with the rest staying within the company."He said bidders would be pre-qualified in early July, with due diligence lasting 2 to 2.5 months, and final bidding and negotiations expected in the fourth quarter of hope the sale will revive the stalled privatisation drive. Other planned deals include the Roosevelt Hotel and several power firms, by Watch IN THIS STORY#Pakistan


The Hindu
11-06-2025
- The Hindu
Peenya Industrial Area notified as special investment region; industry bodies laud move
The Karnataka government has issued a notification declaring 1,461.46 acres of the Peenya Industrial Area as the Peenya Special Investment Region. Phases 1, 2, 3, and 4 of the industrial area have been brought under the region. Under the new scheme of things, 70% of the property tax collected from the region will be utilised for infrastructure development and maintenance in the region. The remaining 30% will be shared with the local body. The Karnataka Industrial Areas Development Board (KIADB) will be the regional development authority for the industrial township. 'The Peenya Special Investment Region shall be deemed to be an industrial township and the Government of Karnataka hereby declares that the Karnataka Industrial Areas Development Board (regional development authority) be the industrial township authority,' read the notification. Special benefits One of the most important features of a special investment region is that the local authorities will have no jurisdiction over it. As per the Karnataka Special Investment Region Act, 2022, the township will be managed by the regional development authority, which will be responsible for its development, operation, regulation, management, and infrastructure development. The Act was introduced to enhance the State's position as a global manufacturing hub with improved management of large industrial clusters in the State. According to industry bodies, the establishment of the special investment regions will create a more favourable environment for businesses by avoiding bureaucratic clutter, attracting more investments, facilitating better infrastructure amenities, and creating more jobs. Praise for the move The notification makes Peenya Industrial Area the 18th special investment region in Karnataka. Industry bodies such as Karnataka Small Scale Industries Association (KASSIA) and Peenya Industries Association (PIA) have welcomed the notification and hoped that the industrial area would see a facelift in the coming days. M.G. Rajagopal, president, KASSIA, said that declaring the industrial estate as a special investment region is an upgrade from its present plight and would help boost businesses in the region. 'We welcome the declaration and hope to see that the Peenya Industrial Estate is remodelled,' he said. Shiva Kumar R., president of the PIA, thanked the Government of Karnataka, while noting that the expectation, however, had been for a Peenya Industrial Township Authority similar to the Electronics City Industrial Township Authority (ELCITA) — a demand raised as far back as 2002. 'Earlier, 80% of the industrial area would come under the Dasarahalli constituency and 20% under the R.R. Nagar constituency. For any grievances, we had to shuttle between both administrative offices. Now it has come under a single body,' he said. 'Inadequate representation' Some concerns, however, seem to remain unaddressed. One of them is the constitution of the regional development authority. The industry bodies criticised that the representation of the industrial fraternity in the 15-member committee is a miniscule two. 'More representation from the industrial fraternity will ensure better development of the industrial layout, as we know the region better. At least 50% of the committee members should be from the industrial fraternity,' said Mr. Rajagopal, noting that the industry bodies have requested the same to the Chief Minister. Seconding it, Mr. Kumar remarked that a township authority would have given the industry fraternity more representation. He hoped that the government would consider modifying the committee to increase the number of industry representatives. Neglected region Peenya Industrial Area, established in the early 1970s, houses around 13,000 micro, small, and medium enterprises (MSMEs) along with several large- and medium-scale industries. Special status for the region has been a longstanding demand of industry bodies. According to them, the hub has been a victim of neglect from officials and has been writ with problems, including pothole-ridden roads, ineffective garbage collection, water and drainage issues, dysfunctional street lights, and law and order issues. Even as the KIADB notified 17 industrial areas across the State as special investment regions in April this year, Peenya did not make it to the list. 'We had been raising this demand even before the ELCITA came into being. It was kept pending for decades for various reasons. As a result, industries in the Peenya area faced severe infrastructure problems,' said M.G. Rajagopal, president, KASSIA. According to him, the corporation showed no interest in the maintenance of the region due to the minimal presence of the public in the region.


India.com
29-05-2025
- India.com
More bad news for bankrupt Pakistan, Shehbaz govt decides to sell one of country's biggest company, the company is...
More bad news for bankrupt Pakistan, Shehbaz govt decides to sell one of country's biggest company, the company is... After India's Operation Sindoor, Pakistan's condition seems to be worsening and now it's clearly visible too. One major sign of this is the upcoming sale of one of its biggest companies. The Pakistani government is preparing to sell its national airline, Pakistan International Airlines (PIA), to private players and reports say that they have already started inviting bids for it. Originally, the last date to submit bids was June 3, but it has now been extended to June 19. This move gives potential buyers more time to prepare their proposals to take over PIA. The government wants more people to participate in the bidding process, which is why they have given a 15-day extension. This sale is considered one of the biggest and most important privatization steps in Pakistan's recent history. Govt offering to sell between 51-100 per cent of its ownership A senior official from Pakistan's Privatization Commission confirmed to The News that the deadline for submitting bids has been extended, but all other terms and conditions for the sale remain unchanged. The government is offering to sell between 51 per cent and 100 per cent of its ownership in PIA, along with full management control. When asked why the deadline was extended, the official said it was because of the Eid-ul-Adha holiday. This move comes as part of the government's plan to reduce its fiscal deficit, fix loss-making state-owned enterprises, and attract foreign investment. The privatization of PIA is also part of the broader economic reforms agreed upon with the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) program. What was the plan earlier? To make the deal more attractive, the Pakistani government has introduced new incentives. These include GST (Goods and Services Tax) exemptions on new aircraft and removing PIA's loans from its balance sheet. The goal is to present potential buyers with a 'clean, zero-debt' balance sheet. A revised price benchmark for the deal may also be set soon. This new plan is much simpler and more straightforward compared to the previous failed attempt. Earlier, the government had offered 60 per cent of shares with an optional 15 per cent top-up. However, that plan failed mainly because of PIA's huge negative equity of 45 billion rupees and an 18 per cent GST on aircraft, which turned buyers away. EY Consulting LLC is advising the Privatization Commission on this sale. The government hopes to complete the process within this calendar year.