CivilServiceArticle: 15 JULY 2015 CURRENT AFFAIRS

PM Modi Launches Skill India Initiative That Aims to Train 40 Crore People

Prime Minister Narendra Modi launched projects that aims to train over 40 crore people in India in different skills by 2022
The initiatives include National Skill Development Mission, National Policy for Skill Development and Entrepreneurship 2015, Pradhan Mantri Kaushal Vikas Yojana (PMKVY) scheme and the Skill Loan scheme
The government's scheme, PMKVY, will incentivise skill training by providing financial rewards to candidates who successfully complete approved skill training programmes
The scheme aims to recognise and provide skill to 24 lakh youth who lack formal certification, such as workers in vast unorganised sector
Special camps are being organised at 100 locations with Nehru Yuva Kendra Sangathan (NYKS) and a national SMS campaign is being rolled out to build awareness of the program, reaching about 40 crore subscribers

Tata Advanced Systems Ltd and Boeing have entered into an aerospace and defence manufacturing pact.
The two companies will co-produce aero-structures and collaborate on developing integrated systems, including unmanned aerial vehicles
The agreement was signed by Shelley Lavender, president of Boeing Military Aircraft, and Sukaran Singh, Managing Director and Chief Executive Officer of TASL
Based on the new partnership, both companies expected to deliver high-quality aero-structures out of India.
The TASL deal is seen as giving a major fillip to the ‘Make in India’ initiative,the Mahindra Group, too, recently signed a multi-million dollar aerospace contract with Airbus