economictimes.indiatimes.com
Positiveeconomictimes.indiatimes.com ·
govt can allow establishments to hire up to 25 apprentices but with riders skills secretary debashree mukherjee
TAX_WORLDLANGUAGES_BHARATWB_2132_APPRENTICESHIPECON_ENTREPRENEURSHIPWB_1921_PRIVATE_SECTOR_DEVELOPMENT
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AI insight
AI-generatedPolicy change in India affecting labor costs and skill development for industrial enterprises. The apprentice hiring cap increase may reduce labor costs for compliant firms but adds compliance burden. The PM-SETU scheme is a capex cycle for vocational training infrastructure. Impact is India-specific, with potential margin improvement for large industries that can leverage cheaper apprentice labor. No direct commodity or product price impact.
Signals our AI researcher identified
Extracted by our AI model from this article and related public sources — not direct quotes from the publisher.
- Government to allow enterprises to hire up to 25% of total workforce as apprentices, contingent on conditions.
- Large industries must have engaged 15% apprentices in last three years, pay 30% above minimum wage, employ at least 35% of apprentices.
- National Apprenticeship Promotion Scheme (NAPS) currently engages around 3 million apprentices.
- Rs 60,000 crore PM-SETU scheme to modernize 1,000 government ITIs.
