Thursday 7 September 2017

MAKING COUNTRY MARKET READY



 

 

Why schemes like GST training program are need of the hour…..


 

Whenever a big change takes place in the system, it requires a lot of understanding and preparation to ensure a smooth implementation of the same. The Government of India is also trying to create awareness among the masses about the newly implemented Goods and Services Tax (GST). In order to ensure this the government has launched a GST training program under which it aims at training over two lakh youths in six months to make them able to cope with various GST compliances.
This scheme has been launched under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) and would be catering the need of GST trained professionals to help the businesses in operating under the new regime. This scheme would be launched in the ITIs across 14 states and is expected to employ around 2 lakh youth.
Schemes like these hold a great significance in a country like India where the population is so huge that it’s practically almost impossible to give everyone a government job. Besides this, sometimes even the market conditions and some policy paralysis also halt the dream of youth of getting a reputed job. Consequently, many end up getting underemployed or even unemployed.
While lakhs of students pass schools and colleges, most of them are unemployable due to lack of required skill to work in the market and real life situations. As per the recent survey as much as 93% of the B-School graduates were unemployable earning only 7-8 thousands per month after spending lakhs on their education.
Hence, it becomes very important for the government to concentrate more on developing the skills of the youth. So, that the institutions of our country produce market ready professionals. However, the infrastructural condition of these institutes is also a matter of great concern for many. The problems faced by the students due to the lack of basic infrastructural facilities in Industrial Training Institute (ITI) are frequently reported. Besides this, many premier institutes also lack basic amenities which hinders their learning process significantly.
The lack of skilled workforce has some devastating effect not only at an individual level but also affects the growth of the country! There are a lot of projects which suffer due to unavailability or completely lack of skilled labor. As per some reports the country has 15,000 km of gas pipeline and an additional 15,000 km are planned to be added for which the country would need more skilled labor.
Hence, the government must ensure that it provides such institutes with sufficient funds to bridge the gap between the demand and availability of skilled labor. Moreover, the government must also make sure that programs like GST training program are being conducted seriously and do not end up being a meagre lip service. Recently, we have seen a major chunk of the government budget being allotted to the appeasement schemes and subsidies. Whereas, we firmly believe that if the same money is used for the skill development programs, it would yield much productivity to the country in the long run.
 

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