WORLD YOUTH SKILLS DAY - ECONOMY
Why in News?
Minister
of State (Independent Charge), Ministry of Skill Development and
Entrepreneurship (MSDE) celebrated World Youth Skills Day, which is recognised
globally by the United Nations.
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About:
○ Every year, the 15th of July is observed as World Youth Skills Day.
○ The day highlights the critical role of skills development in preparing
young people for the labor market and fostering their active participation in
society.
○ Celebrates the strategic importance of equipping young people with
skills for employment, decent work, and entrepreneurship.
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Background:
○ Designated by the United Nations General Assembly in 2014.
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Other Initiatives for
Skill Development:
○ SANKALP.
○ STRIVE Project.
○ TEJAS Initiative for Skilling
○ Mandatory CSR Expenditure in Skilling: Since the implementation of
mandatory CSR spending under the Companies Act, of 2013, corporations in India
have invested over Rs. 100,000 crores in diverse social projects.
Source: https://www.un.org/en/observances/world-youth-skills-day