Pravasi Kaushal Vikas Yojana (PKVY)
On the sidelines of the 14th Pravasi Bharatiya Divas Convention,the PM has announced a scheme to skill Indian youth seeking jobs abroad.
Details:-
- It is aimed at skilling Indians seeking employment abroad.
- The programme is also aimed at boosting the confidence of the Indian youth so that they don’t feel like strangers when they land in a country of their choice for vocation.
- PKVY will train and certify Indians, who are keen on overseas employment in select sectors, in line with international standards.
- It will be implemented by the National Skill Development Corporation through its training partners and in consultation with the Ministry of External Affairs and the Skill Development Ministry.
Humanoid robot Jia Jia, created by a team of engineers from the University of Science and Technology of China, is pictured following a presentation at a conference in Shanghai on January 9, 2017. Jia Jia can hold a simple conversation and make specific facial expressions when asked, and her creator believes the eerily life-like robot heralds a future of cyborg labour in China. She is billed as China’s first human-like robot
New fault in Indian Ocean may trigger quakes in future: study
A new plate boundary may be forming on the floor of the Indian Ocean as a result of the largest earthquake that shook the Andaman-Sumatra region in 2012, according to scientists who warn that the new fault system could trigger more quakes in the future.
Researchers, including those from the Nanyang Technological University in Singapore and the Indonesian Institute of Sciences, have found evidence of a possible new plate boundary forming on the floor of the Indian Ocean in the Wharton Basin.
A slip-strike quake occurs when two plates slide horizontally against one another. Such quakes can be caused by deformations that occur in plates distant from fault lines as pressure builds up across a plate. They can lead to inter-plate earthquakes and cause a plate to break, resulting in a new boundary and this in turn can lead to even more quakes. It is this scenario that the researchers believe happened in 2012 when two earthquakes struck the Andaman-Sumatran region (north-west part) of the Indian Ocean — the largest inter-plate earthquakes ever recorded.
Pre-historic camping site found in Ladakh
In what is considered “a new opening in Indian archaeology”, an ancient camping site used by pre-historic man and datable to circa 8500 BCE, has been found at an altitude of about 4,200 metres near Saser La in the Nubra Valley, Ladakh. Saser La leads to the Karakoram Pass.
A camping site is a place where hunter-gatherers stayed temporarily before they moved on to another place. S.B. Ota, Joint Director General, Archaeological Survey of India (ASI), found the camping site during an exploration there in 2015-16. Charcoal pieces from hearth activity and remains of bones associated with it were found at the site.
Rakesh Tewari, Director General, ASI, called it “the earliest camping site in Ladakh”. Such an early antiquity on the basis of a scientific date is the very first for that region. This date has generated a lot of in-house discussion and excitement in the ASI.”
“a camping site” is “a seasonal settlement, not a permanent settlement.” The camping site found near Saser La was “an ideal place for camping in a picturesque setting”.
Ladakh is famous for its Himalayan mountain ranges, its spectacular glaciers, passes, valleys and the Buddhist monasteries. But not much archaeological importance was attached to the region.
‘Remarkable discovery’
Only 6th century CE to 7th century CE remains were reported in Ladakh. Rough terrain, high altitudes and extreme weather made it difficult for any explorer to undertake archaeological expeditions in the region.
‘Missing element’ in earth’s core identified; scientists say it is silicon
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Steve Ovett, the famous British middle-distance athlete, won the 800-metres gold medal at the Moscow Olympics of 1980. Just a few days later, he was about to win a 5,000-metres race at London’s Crystal Palace. Known for his burst of acceleration on the home stretch, he had supreme confidence in his ability to out-sprint rivals. With the final 100 metres remaining,
[wptelegram-join-channel link=”https://t.me/s/upsctree” text=”Join @upsctree on Telegram”]Ovett waved to the crowd and raised a hand in triumph. But he had celebrated a bit too early. At the finishing line, Ireland’s John Treacy edged past Ovett. For those few moments, Ovett had lost his sense of reality and ignored the possibility of a negative event.
This analogy works well for the India story and our policy failures , including during the ongoing covid pandemic. While we have never been as well prepared or had significant successes in terms of growth stability as Ovett did in his illustrious running career, we tend to celebrate too early. Indeed, we have done so many times before.
It is as if we’re convinced that India is destined for greater heights, come what may, and so we never run through the finish line. Do we and our policymakers suffer from a collective optimism bias, which, as the Nobel Prize winner Daniel Kahneman once wrote, “may well be the most significant of the cognitive biases”? The optimism bias arises from mistaken beliefs which form expectations that are better than the reality. It makes us underestimate chances of a negative outcome and ignore warnings repeatedly.
The Indian economy had a dream run for five years from 2003-04 to 2007-08, with an average annual growth rate of around 9%. Many believed that India was on its way to clocking consistent double-digit growth and comparisons with China were rife. It was conveniently overlooked that this output expansion had come mainly came from a few sectors: automobiles, telecom and business services.
Indians were made to believe that we could sprint without high-quality education, healthcare, infrastructure or banking sectors, which form the backbone of any stable economy. The plan was to build them as we went along, but then in the euphoria of short-term success, it got lost.
India’s exports of goods grew from $20 billion in 1990-91 to over $310 billion in 2019-20. Looking at these absolute figures it would seem as if India has arrived on the world stage. However, India’s share of global trade has moved up only marginally. Even now, the country accounts for less than 2% of the world’s goods exports.
More importantly, hidden behind this performance was the role played by one sector that should have never made it to India’s list of exports—refined petroleum. The share of refined petroleum exports in India’s goods exports increased from 1.4% in 1996-97 to over 18% in 2011-12.
An import-intensive sector with low labour intensity, exports of refined petroleum zoomed because of the then policy regime of a retail price ceiling on petroleum products in the domestic market. While we have done well in the export of services, our share is still less than 4% of world exports.
India seemed to emerge from the 2008 global financial crisis relatively unscathed. But, a temporary demand push had played a role in the revival—the incomes of many households, both rural and urban, had shot up. Fiscal stimulus to the rural economy and implementation of the Sixth Pay Commission scales had led to the salaries of around 20% of organized-sector employees jumping up. We celebrated, but once again, neither did we resolve the crisis brewing elsewhere in India’s banking sector, nor did we improve our capacity for healthcare or quality education.
Employment saw little economy-wide growth in our boom years. Manufacturing jobs, if anything, shrank. But we continued to celebrate. Youth flocked to low-productivity service-sector jobs, such as those in hotels and restaurants, security and other services. The dependence on such jobs on one hand and high-skilled services on the other was bound to make Indian society more unequal.
And then, there is agriculture, an elephant in the room. If and when farm-sector reforms get implemented, celebrations would once again be premature. The vast majority of India’s farmers have small plots of land, and though these farms are at least as productive as larger ones, net absolute incomes from small plots can only be meagre.
A further rise in farm productivity and consequent increase in supply, if not matched by a demand rise, especially with access to export markets, would result in downward pressure on market prices for farm produce and a further decline in the net incomes of small farmers.
We should learn from what John Treacy did right. He didn’t give up, and pushed for the finish line like it was his only chance at winning. Treacy had years of long-distance practice. The same goes for our economy. A long grind is required to build up its base before we can win and celebrate. And Ovett did not blame anyone for his loss. We play the blame game. Everyone else, right from China and the US to ‘greedy corporates’, seems to be responsible for our failures.
We have lowered absolute poverty levels and had technology-based successes like Aadhaar and digital access to public services. But there are no short cuts to good quality and adequate healthcare and education services. We must remain optimistic but stay firmly away from the optimism bias.
In the end, it is not about how we start, but how we finish. The disastrous second wave of covid and our inability to manage it is a ghastly reminder of this fact.