HR News: 04 Dec, 2017

1.

Maharashtra Government considering 30% cut in total workforce

The State Government Gazetted Employees’ Union may oppose the cut.

The 7th Pay Commission has no doubt led to increase in the salary of government employees, but it has also increased the burden on the Government. To meet the increased salary burden, the Government is considering different financing methods and also optimum utilisation of resources.
Burdened with the increased salary bill, the Maharashtra government is considering cutting its total workforce by 30 per cent, so that it can pay the remaining employees as per the 7th Pay Commission recommendations.
The finance department has issued a Government Resolution (GR), where it has asked all the departments to make a new master plan for staffing needs and submit the total number of staff they require. It said that the different departments must cut the demand for human resources by 30 per cent by adopting new information technology and bringing efficiency. 

2.

Skill India and Arvind Mills partner to train 20,000 youth by 2020

The training will target all youth in the age group of 18 to 35 years.

Working towards skilling the youth in the country, the National Skill Development Corporation (NSDC) has partnered with Arvind Limited (Arvind Mills) to impart skill training to 20,000 youth by 2020, under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY).
As per the partnership agreement, Arvind Mills will not only actively participate in training the youth but will also give its infrastructure, space, facilities and machinery for training purpose.
This skill training is open to all youth in the age range of 18 to 35 years, whether unemployed or employed, who seek skill training. PMKVY will help the youth thus trained in placing them with the help of Arvind Mill’s nine training centres in Karnataka.

3.

HEFA approves projects for Rs. 2,066.73 Cr to six higher-education institutions

The fund provided by HEFA is over and above the grants given by the Government to these institutes.

Taking a step towards the improvement of research and related infrastructure at higher-educational institutes in the country, the Higher Education Funding Agency (HEFA) has started its operations and approved a project of Rs 2066.73 Cr. This amount is approved for improvement of research infrastructure at IIT Bombay, Delhi, Madras, Kharagpur, Kanpur and NIT Suratkal.
HEFA is a not-for-profit organisation, created to leverage funds from the market and supplement them with donations and CSR funds. These funds are used to finance the top educational institutes in the country so that they can improve the quality of education and infrastructure.
HEFA has a unique method of financing the educational institutions. It provides finance to the institutes, and the institutes agree to escrow a specific amount from their internally-earned resources (not Govt. grants) to HEFA. The institutes repay the principal from the escrowed amount, while the interest is paid by the Government. So, the amount turns out to be an interest-free amount and enables higher institutes to improve the level of infrastructure and quality of education