Ministry of Skill Development And Entrepreneurship Partners With Indian School of Business To Further Built Capacity of Officers

In line with the Hon'ble Prime Minister Shri Narendra Modi's ambitious programme 'Mission Karmayogi,' which is a first-of-its-kind experiment in the direction of capacity building and modernising the mindset, methodology, and skill set of government employees, the Ministry of Skill Development and Entrepreneurship (MSDE) recently partnered with the Indian School of Business (ISB) to conduct capacity-building programmes for MSDE officials.

A total of 120 officers (30 per batch) across divisions under MSDE would be undergoing a comprehensive five day long residential training across ISB Hyderabad and Mohali campuses. The first batch of 30 officers have completed their training from ISB Mohali campus with a convocation ceremony held for the officers.

The MSDE Management Development Programme is aimed at upskilling the MSDE officers facilitating capacity building training of a mixed batch of officials including officers from MSDE, Industrial Training Institutes (ITI) Principals, Sector Skill Councils, CEOs, State Skill Mission Directors, and Jan Sikshan Sansthans (JSS) & National Skill Development Corporation (NSDC).  The MoU between MSDE and ISB was signed in the presence of Shri. Rajesh Aggarwal, Secretary, Ministry of Skill Development and Entrepreneurship.

The primary goal of the programme is to strengthen leadership skills while developing a strategic mindset that will aid in gaining insights into data analytics and digital transformation. Through strategic leadership and management development programmes, the MSDE and ISB are encouraging officials to instill a culture of innovation within their respective organisations. The batches are strategically designed to encourage cross-learning while embracing new challenges and comprehending complexities to ensure sustained success.

The training at ISB was also graced by Sh. Parveen Pardesi, Member Admin, CBC who delivered a holistic lecture on the Role of Governance in building a Skill Ecosystem.

Expressing his view on the development programme, Shri Rajesh Aggarwal, Secretary, Ministry of Skill Development and Entrepreneurship, said, “With India sprinting towards becoming a superpower, it is essential for government employees to upskill themselves to become productive contributors to the economic growth of India. We intend to promote cross-learning through these development programs, which will eventually lead to a practical understanding of the core components of business strategy. We look forward to creating a new generation of upskilled workforce that drives the innovative future of India.”

As per the advisory issued by Capacity Building Commission under Department of Personnel and Training (DOPT), a standing Capacity Building Unit for MSDE was created via office memorandum dated 17 January 2022, which shall be responsible for coordination with Capacity Building Commission and implementation of various capacity building interventions for all employees under MSDE on a continuing based approach upon Training Need Analysis (TNA).

Key initiatives undertaken by Capacity Building exercise at MSDE, induction programs for India Skill Development Service (ISDS) officers; self- defense training of all the MSDE women employees; 5 days Art of Living training program in stress management for 765 officials MSDE officials; and capacity building in management and leadership of 120 officials including officers from MSDE ecosystem.

About Ministry of Skill Development and Entrepreneurship (MSDE)

MSDE was formed on 9th November 2014, by the Government of India to focus on enhancing employability of skills. Since its inception, MSDE has undertaken significant initiatives and reforms in terms of formalizing the policy, framework and standards; launching of new programmes and schemes; creating new infrastructure and upgrading the existing institutions; partnering with States; engaging with industries and building societal acceptance and aspirations for skills. The Ministry aims to bridge the gap between demand and supply of skilled manpower to build new skills and innovation not only for existing jobs but also for jobs that are to be created. Till date, more than 5.5 crore people have been trained under Skill India.

RapiPay Launches De Dhana Dhan Offer, Agents Across India Are Winning TVs, Smart Phones, Cashback Prizes

RapiPay Fintech Private Ltd, one of the leading fintech companies in India, has announced the launch of RapiPay De Dhana Dhan offer pan India for its 5 Lakhs + agents, also known as, Direct Business Outlets (DBOs).  The new scheme incentives thousands of lucky DBOs daily with prizes such as Smart TVs, Smartphones, mobile accessories and cashbacks.  

To become eligible, DBOs need to do AEPS or Recharge transactions on RapiPay between 6am – 12pm in the morning and 5pm to 11pm in the evening. The first winner of Smart TV is from Darbhanga (Bihar) and he has been awarded his 55 inch Smart TV with much fanfare and celebration on 12th May 2022. Similarly, every week winners of TV and Smart phones are being gratified instantly so that they don’t have to wait for their prizes for long.    

Mr. Nipun Jain, CEO, RapiPay Fintech Ltd. said “We believe, it is important to bring excitement in the business with regular incentives for our DBOs, RapiPay’s De Dhana Dhan Offer is a step towards that.  An effective incentive scheme like this does not just improve customer experience and build your business, but also helps with DBOs retention. Moreover, as a category leader, we are committed to grow the Assisted Payments space and take the financial inclusion to the last mile. “ 

RapiPay is one of top players in AEPS and Micro ATM services. It has witnessed 200% growth in AePS and Micro ATM transactions from April 2021 to March 2022. RapiPay is instrumental in growing financial inclusion in India with many services like Aadhaar Enabled Payment Systems, Micro ATMs, POS, Bill Payments Insurance etc.    

About RapiPay 

S.K. Narvar promoted RapiPay Fintech Pvt. Ltd., is instrumental in growing financial inclusion services in the country with services like AEPS, Micro ATM, POS, Digital Lending and many more. With a nationwide network of over 5 lakhs DBOs, RapiPay is providing Banking and Financial services to more than 3 crore underbanked consumers every month. RapiPay is a subsidiary of Capital India Finance Limited (CIFL). 

Greenply FY22 Revenues Grew By 34% And PAT Grew By 56%

Greenply Industries Limited, India’s leading manufacturer of Plywood and allied products announced its financial results for the quarter and year ended March 31, 2022. Below are the key financial highlights: 

Consolidated – FY22  

Revenue is at Rs 1,562.8 crores; a growth of 34.1% YoY  

Adjusted Core EBITDA (excluding non-cash ESOP cost of Rs 12.1 crores) stood at Rs 162.3 crores; a growth of 38.5% YoY and the EBITDA margins were at 10.4% 

Profit after tax (PAT) is at Rs 94.7 crores a growth of 55.5% YoY  

Net debt stood was at Rs 219.3 crores and Net debt-equity ratio was at 0.4 times 

Consolidated – Q4FY22  

Revenue is at Rs 448.6 crores; a growth of 13.1% YoY 

Adjusted Core EBITDA (excluding non-cash ESOP cost of Rs 3.0 crores) was at Rs 47.6 crores; a growth of 3.5% YoY with EBITDA margins at 10.6% 

Profit after tax (PAT) was Rs 29.0 crores; a growth of 1.2% YoY  

Upcoming Project Status Updates 

The company is setting up a greenfield plywood manufacturing unit with the capacity of 13.5 Mn Sqm p.a. at district Sandila, Lucknow, U.P. The financial closure for the project and the construction activity is now complete. Commercial operation is expected to start shortly.  

The company is setting up a greenfield MDF board manufacturing unit with the capacity of 800 CBM per day near Vadodara, Gujarat. The financial closure for the project is completed. Civil construction work for the project is in full swing. First phase of machinery despatches has started. The expected COD of the plant is likely to be in the fourth quarter of FY23. 

Commenting on the performance for Q4 FY22, Mr. Manoj Tulsian, JMD & CEO, Greenply Industries Ltd. said  

“We have seen an improving demand scenario in FY22 and accordingly have achieved a strong financial performance in FY22.  

While the increasing raw material prices and raw material availability continues to constrain the growth trajectory, a renewed demand in the real estate industry is likely to support the performance going forward. Overall, we expect strong growth led by continued momentum in real estate, increased home and office renovation activities and a shift of consumer preference towards branded products. 

We are excited to join hands as an associate sponsor partner of ‘Lucknow Super Giants’, a new IPL franchise. We believe that this association will strengthen the brand recall value. Further, our Zero-emission products has achieved the milestone of reaching to over one million homes” 

About Greenply: 

Greenply Industries Limited (GIL), having leadership position in plywood industry with three state–of-the-art manufacturing facilities spread across the country. The Company provides world class interior products for the domestic and global markets including Plywood, Block board, Flush doors, Decorative Veneers and PVC products. The company has widespread presence in over 1140 cities, towns, and villages across 28 states and 6 union territories, serviced through a well-entrenched distribution network of more than 2,350 dealers and authorised stockists, a retail network exceeding 6,000 and more than 50 physical and virtual branches pan-India.  

We pushed the bar of our innovation to pioneer India’s first-of-its-kind E-Zero plywood range in FY21. The Zero emission products are aimed at safeguarding the indoor air quality. Greenply has been conferred with Great Place to Work for the third year in a row for its contribution on building High-Trust and High-Performance Culture in the organization. 

455 Students Were Awarded PGDM Certificates At GIM's Convocation Ceremony

* The first batch of the PGDM-BIFFS students successfully completed the management programme 

Goa Institute of Management (GIM) held its annual Convocation ceremony at its campus in Sanquelim where certificates were awarded to 455 students across 5 management programs for successfully completing their Post Graduate Diploma in Management.  

This year's ceremony was special as it was a first for the students of PGDM-BIFS (Banking Insurance and Financial Services), a program that commenced in 2020. 

The Chief Guest for the ceremony was Professor Anil D. Sahasrabuddhe, Chairman of the AICTE. Also in attendance were multiple dignitaries from the academic world, faculty and students.  

Ashank Desai, Chairman of the GIM Governing Board who delivered the presidential address on the occasion shed light on the vision of the Institute, saying, "Our vision at GIM is to be a preeminent technology teaching and research Institute at the forefront. We want to build transformative leaders and aid in building a sustainable future for the world. GIM is an Institute that everyone should be proud of having associated with."  

While presenting the Director's Report on the institute’s performance for the last academic year, Dr. Ajit Parulekar, Director of GIM emphasized on the various accomplishments by the Institute. Highlighting the institute's constant community-led initiatives, he said "An important thing I'd like to talk about is the contribution of the entire GIM community through the 'GIM Cares' effort. We have a large alumni support group in association with GIM faculty and staff. We launched 'gimcares.org', a portal which was able to handle support-related requests from all over the country. We are extremely proud of this initiative "  

GIM’s sustainability initiative, ‘GiveGoa’ was lauded by the Chief Guest, Mr. A. Sahasrabuddhe for its contribution to the society and environment of Goa. 'GiveGoa' was started by GIM as a way to increase social awareness and responsibility among the budding entrepreneurs of tomorrow. It is operationalized as a compulsory 4-credit course in the first year of the PGDM program. 

455 students were conferred diplomas from Dean of Academics Dr. Neeraj Amarnani, which were thereafter handed to them by their respective programme chairs. Silver and gold medals were awarded to students who made a significant mark in academics as well as extracurricular activities.  

Over the years, GIM has earned its position as one of the top B-schools in the world. With roaring success in terms of a shining alumni list, GIM boasts of its state of the art infrastructure and dynamic curriculum. The driven faculty at the institution ensures that the courses are in sync with the transitional industry requirements. Striving to maintain a balance between academics and extracurricular activities, the GIM campus is not only a stunning visual but it's loaded with excellent learning tools and sports opportunities for its students.  

eMudhra Limited’s Initial Public Offering (IPO) To Open On May 20, 2022, Sets Price Band At Rs 243 to Rs 256 Per Equity Share

 

·         Price Band:  Rs 243 – Rs 256 per equity share.

·         Bid/Offer Opens:  Friday, May 20, 2022

·         Bid/Offer Closes: Tuesday, May 24, 2022

·         Bid Lot: 58 Equity Shares

·         Pre-IPO placement of 1,603,617 Equity Shares for a cash price of  ? 243.20 per Equity Share for an aggregate amount of  ? 39 crores to Baring Private Equity India AIF 2, Acacia Banyan Partners, Motilal Oswal Equity Opportunities Fund Series III, Negen Capital Services Private Limited, Value Wise Consultancy Private Limited, Jagadeesan Kumar, and Krishna Kumar.

·         Approx. IPO Size: Rs 412.79 crore (Fresh  Rs 161 crores + OFS ?251.79 crore)

·         Fresh Issue  Rs 161 crore

·         OFS: 9,835,394 shares

·         Anchor Date: Thursday, May 19, 2022

·         QIB allocation: not more than 50%

·         NII allocation: not less than 15%

·         RIB allocation: not less than 35%

·         IIFL Securities Ltd, Yes Securities (India) Ltd and Indorient Financial Services Ltd are the Book Running Lead Managers to the issue.

About eMudhra:

eMudhra is the largest licensed Certifying Authority (“Certifying Authority” or “CA”) in India with a market share of 37.9% in the digital signature certificates market space in FY 2021 having grown from 36.5% in Financial Year 2020, as per the Frost & Sullivan Report. It is a one stop shop player in secure digital transformation.

Since inception it has issued over 50 million digital signature certificates catering to 1.43 Lakh retail customers as of December 31, 2021, through its 91,259 channel partners for Digital Trust Services spread across various States and Union Territories in India, and out of its 539 system integrator partners, 267 were present in India and balance present internationally across United States of America, Europe, Middle East and Africa and Asia Pacific, where it provides its solutions and services.

It also offers services and digital products to various government agencies and state governments and thereby is a key player in enabling paperless transactions as part of Digital India. Some of its customers include Infosys Limited, Tata Consultancy Services Limited, Mashreq Bank, Baud Telecom Company, Cholamandalam MS General Insurance Company Limited, Bharti AXA Life Insurance Company Limited., operating in various industries such as banking, insurance, telecom, information technology, etc.

The company reported a jump of 13% in its revenue from operations to Rs 131.59 crore for the year ending December 31, 2021 from Rs 116.45 crore in the previous year, primarily due to increase in the revenue from operations of the company as a result of international expansion. The company’s profits grew 37.70% to  Rs 25.36 crore for the Financial Year 2021 from  Rs 18.42 crore for the Financial Year 2020. For the nine-month period ended December 31, 2021 revenue from operations stood at 137.24 crore, and net profit stood at Rs 30.34 crore.

PSA India Aids Akshaya Patra’s Fight Against Hunger, Sponsors Over 5,000 School Meals

* PSA India’s donation will help serve 5,333 meals to government school children in Gujarat, Maharashtra, Delhi and Tamil Nadu for a year and provide Family Happiness Kits to 1,666 families in West Bengal

Continuing their pre-Covid alliance to fight hunger, PSA India, a leading global port operator and cargo solutions provider, and The Akshaya Patra Foundation have once again come together to feed the needy. PSA India will sponsor meals for school-going children from underprivileged communities and ration kits for needy families.

Aiding Akshaya Patra’s mid-day meal programme, which is one of the largest such initiatives run by any NGO, PSA India’s Rs 1.08 crore donation will help serve 5,333 hot, nutritious meals to government school children from underprivileged communities in Gujarat, Maharashtra, Delhi and Tamil Nadu for a year. Additionally, this partnership will provide Family Happiness Kits to 1,666 families in West Bengal. These kits contain food essentials, basic hygiene products and stationery items.

Extolling the collaboration that fulfills a common goal, Mr. Gobu Selliaya, Managing Director, PSA India, said, “We are delighted to renew our association with Akshaya Patra following our first involvement at the end of 2019. We support their mid-day meal programme and Family Happiness Kits initiative as part of PSA India’s Corporate Social Responsibility (CSR) programme. Akshaya Patra is a leading NGO which is making an invaluable contribution supporting the health and nutrition of children across the nation and it already provides over 1.8 million lunchtime meals for children.  It is active in every state in which PSA India operates - namely Gujarat (PSA Honeycomb), Maharashtra (PSA Ameya and PSA Mumbai), Delhi NCR (PSA Cargo Solutions India), Tamil Nadu (PSA Chennai and PSA Sical) and West Bengal (PSA Kolkata). Along with our CSR initiatives in those locations, we are very pleased to contribute towards the outstanding work done by the foundation.”

PSA India has had a long-standing and enriching relationship with Akshaya Patra. In 2019, PSA India donated Rs 14 lakh that helped serve food to 1,273 beneficiary children in Bangalore for an entire year. In 2020, PSA India supported Akshaya Patra’s Breakfast Program with a donation of Rs 5 lakh that helped TAPF distribute hot and nutritious meals to 455 beneficiary children studying in government schools in Chennai. 

Appreciating the partnership, Mr. Sundeep Talwar, CMO, The Akshaya Patra Foundation, said, “We are immensely grateful to PSA India for their generous donation as this will help India and us fight age-old maladies like hunger and malnutrition. Their unrelenting efforts in joining us in our mission will go a long way to usher in a brighter, healthier future. Our mission is not just aimed at feeding school children. We want to contribute to their all-around development. Our aim to provide them with the nutrition they require to live well and develop can only be achieved through partnerships like these.”

PSA India’s CSR activities for the past year has focused mainly on providing education to the needy and on Covid-19 relief. PSA India has arranged for hostels for girls from remote villages, day care for disabled children, essentials for schools; it has also set up hospital beds and made provisions for oxygen concentrators and necessary medicines to critical Covid-affected patients.

About PSA India

PSA India is a subsidiary of PSA International (PSA), a leading port group and trusted partner to cargo stakeholders. With flagship operations in Singapore and Antwerp, PSA’s global network encompasses over 50 locations in 26 countries around the world. The Group’s portfolio comprises more than 60 deepsea, rail and inland terminals, as well as affiliated businesses in distriparks, warehouses and marine services. Drawing on the deep expertise and experience from a diverse global team, PSA actively collaborates with its customers and partners to deliver world-class port services alongside, develop innovative cargo solutions and co-create an Internet of Logistics.

PSA is an early participant of India’s privatisation program in the container terminal sector with the first investment in Tuticorin Container Terminal in 1998, followed by subsequent investments in container terminals in Chennai (2007), Kolkata (2014) and Navi Mumbai (2014). In 2021, PSA India extended its range of service offerings with investments into Ameya Logistcs (Mumbai) and Honeycomb Logistics (Mundra) CFS.

About The Akshaya Patra Foundation

The Akshaya Patra Foundation is a not-for-profit organization that strives to address classroom hunger and malnutrition in India. As the implementing partner of the Government of India’s flagship school feeding programme, through its relentless commitment to creating a secure and educated future, the Akshaya Patra has grown from serving just 1,500 children in 5 schools in 2000 to over 1.8 million children in 19,039 government and government-aided schools from its 61 kitchens across 14 States and 2 Union Territories. Through this scheme, Akshaya Patra aims to fight hunger and, at the same time, bring children to school.

Since 2000, Akshaya Patra has worked towards reaching out to children with wholesome food every single school day. The Foundation is continuously leveraging technology to cater to millions of children.

As part of its Covid-19 relief efforts, in 19 states and 4 UTs, the foundation has served over 24.04 crore meals since March 2020 in the form of freshly cooked food and food relief kits with essential groceries. Akshaya Patra has also organized free vaccination drives for the underprivileged.

Zee & Give India Launch ‘Born To Shine’ Scholarship To Give Wings To young Art Prodigies

It’s never easy to excavate diamonds out of coal mines. In a country of 1.3 billion people, spotting young talent and nurturing it is equally difficult. This is where Zee CSR along with Give India has come together for ‘Born to Shine’ initiative -- a launchpad for talented budding child artists. The initiative seeks to make a difference by recognising young talent in Indian art forms and providing scholarships to help them shine. The scholarship is a way of empowering girls and attempting to revive Indian art forms.

India, as a country, offers abundant talent especially when it comes to myriad art forms, but very rarely are these talents recognised and honoured. This has led to a fall in number of artisans in various art forms as there is a lack of motivation among artists who are apprehensive about nurturing their talent with limited means. Born to Shine aims to break these barriers and also help young girls realise their ambitions of emerging as India’s next generation role models. We want to ensure that child prodigies get the complete care and attention they deserve to be able to achieve their fullest potential.

Through Born to Shine, we are not just offering scholarships but also creating an ecosystem where we can identify, nurture and guide child prodigies to success. Zee has always been focused on creating the extraordinary and in joining hands with Give India, we have now got a chance to nurture and mentor extraordinary talent.

Who can apply?

Any girl who has achieved mastery in any art form and is below 15 years can apply for the Born to Shine scholarship. The reward is a scholarship of three years that will ensure these prodigies can reach their fullest potential. The 6 weeks application process will be open across all languages and geographies and will help in shortlisting 100-300 child prodigies. The top thirty across the country will receive scholarship for honing their skills and accomplishing maestro status.

Through this initiative, we plan to reach out to more than 60,000 schools and make selections without any kind of bias or discrimination. Both virtual and physical format will be used to select the candidates.

Mr. Umesh Kr Bansal, Executive Vice President, Zee Entertainment Enterprises Limited said, "As a brand, we are always striving unwaveringly to deliver excellence. We are constantly pushing ourselves to make the world a better place through meaningful actions that drive impact. Born to Shine is a fruit of that attempt, and we hope this initiative will help us make a big difference to the world of artists and child art prodigies. Seeing them excel would give us tremendous joy because there's nothing quite exciting as achieving the impossible."

To register, click on this link:- https://borntoshine.in/apply/