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'Skilling' 500 mn will increase employability: President
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SME Times News Bureau | 25 Aug, 2014
President Pranab Mukherjee Sunday said it is "absolutely necessary" to impart skill training to 500 million India youths by 2020 in order to increase the employability of the work force.
"By 2030, India is going to have 20 percent of the whole world's working population living in the country. More than 50 percent of India's population will be below 30 years," Mukherjee said while inaugurating the Management Development Institute (MDI) campus in Jangipur area of West Bengal's Murshidabad district.
"The vast multitude" of working forces can be transformed into skilled manpower through proper training, and this would enhance their job prospects.
"The demographic dividend which we talk of... if we convert this vast multitude of working forces into skilled workers, their employability will increase manifold and therefore the target of providing skill to 500 million young persons in India is absolutely necessary," he said.
While expressing concern over India's inability to produce paper or ink for its currency notes, President has said the importing of the materials exposed the country to the menace of fake Indian currency notes.
The president wondered why India, which can launch other countries' satellites, lagged behind in the field of currency printing.
"I wonder how can a country which is technologically so advanced that its satellite system can launch other country's satellites, is being exposed to unscrupulous elements who want to destroy the economy through FICNs (fake currency notes)," he said at the inauguration of the Institute of Engineering Science and Technology (IIEST) at Shibpur in West Bengal's Howrah district.
"Some of these questions are staring at us and our students will have to find an answer to this," the president added.
Referring to the technical challenges that India faced in the field of printing currency, Mukherjee reiterated his concern over the standard of higher education in the country.
"The standards of our higher educational institutions compared to international benchmarks are abysmally low," he said, admitting that he has been repeating it at every academic congregation "like a parrot".
Yet again lamenting the absence of an Indian university or institute in the list of top 200 educational facilities of the world, Mukherjee pointed that no academician working in an Indian academic institution has been able to win a Nobel Prize since the 1930s.
"My question is that why can't we create that ambience and opportunities in the Indian university," he asked.
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The importance of Recording Bank Note serial numbers to control Black Money
Mohan | Tue Aug 26 03:59:46 2014
It is essential to Track the movement of black money and counterfeit Notes.
The only method is to record the serial numbers of Currency Notes and
analyze the data in a cental database server. All banks should have
image scanners to record the serial number of the currency Note.
By recording the Bank Note serial numbers, the currency path
can be identified and this helps the investigative agencies
to identify the source of funds.
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