Direct Tax incentives to promote Skill Development – National Manufacturing Policy

The National Manufacturing Policy (NMP) 2011 proposed to provide inter alia, the following direct taxes incentives to promote skill development: Weighted deduction of 150% of the expenditure (other than land or building) incurred in Public Private Partnership (PPP) projects for skill development in manufacturing sector in separate facilities in coordination with National Skill Development Corporation… Read More

Tags: BusinessFinance ActIncome Tax Act 1961Nazi PartyPublic–private partnershipSkillTaxation in IndiaVocational Education

Government Sets-Up the National Skill Development Agency

NSDA to Coordinate and Harmonize the Skill Development Efforts of the Government of India and the Private Sector to Achieve the Skilling Targets of the 12th Plan and Beyond;  To Bridge the Social, Regional, Gender and Economic Divide by Ensuring that the Skilling needs of the Disadvantaged and Marginalized Groups are taken care of through Various… Read More

Tags: AsiaGovernmentGovernment of IndiaIndiaSkillTamil Nadu

Setting up of the National Skill Development Agency

The Union Cabinet today gave its approval for constituting an autonomous body called the National Skill Development Agency (NSDA) by subsuming the Prime Minister™s National Council on Skill Development (PMNCSD), the National Skill Development Coordination Board (NSDCB) and the Office of the Adviser to the PM on Skill Development. The NSDA will be located in… Read More

Tags: Cabinet of IndiaGovernmentGovernment of IndiaIndiaLondonPrime MinisterSkill

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