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<ul><li>The <keyword id="156153" type="General" weightage="100" keywordseo="ministry-of-finance" source="Orion">Ministry of Finance</keyword> is recruiting 15 paid and 10 unpaid interns for a duration of 3-6 months.</li><li>The online application window will close on June 16, 2022.</li><li>Candidates can expect a stipend ranging between ₹10,000-20,000 depending upon their qualifications.</li></ul>The Ministry of Finance is inviting applications to fill 15 internship posts at the Department of Economic Affairs for a period of three to six months. The role is open for PhD and postgraduate students working on specific issues such as microeconomic management, economic reforms, capital markets, exchange management, foreign investment in India and Indian investment abroad, monetary policy and others. The online application window is open and the last day to apply for the opportunity is June 16. <cmsannotation type="cmsannotation" annotationid="Stipend" comment="subhead" text="Stipend">Stipend</cmsannotation> Post-graduate students will get a token remuneration of ₹10,000 per month, while PhD students will receive ₹20,000 per month on completion of their internship after submitting a report, a paper or feedback. The ministry will also be hiring ten additional unpaid interns out of those who are not selected for the paid internship. <cmsannotation type="cmsannotation" annotationid="Eligibility criteria for the internship" comment="subhead" text="Eligibility criteria for the internship">Eligibility criteria for the internship</cmsannotation> Candidates pursuing post-graduation (session 2021-23) or Ph.D. in economics/law/ finance/ or management from universities/ institutions ranked among the top 25 as per the National Institutional Ranking Framework. <cmsannotation type="cmsannotation" annotationid="Certificate of Internship" comment="subhead" text="Certificate of Internship">Certificate of Internship</cmsannotation> The certificate will be issued to the Interns on satisfactory completion of their internship of not less than three months and submission of their report/ paper/ feedback/ attendance certificate duly certified by the divisional head. <cmsannotation type="cmsannotation" annotationid="How to apply" comment="subhead" text="How to apply">How to apply</cmsannotation> Interested and eligible candidates can apply for the opportunity before June 16, 2022, on the official website of<a href="https://dea.gov.in/"> the Ministry of Finance</a>. <ol><li>Open the official website on any smart device. </li><li>Click on the link ‘Internship Scheme of the Department of Economic Affairs for the year 2022-23’. </li><li>Fill up your details and register yourself. </li><li>Add three divisions of interest in order of preference, duration of availability and complete the application form. </li><li>Submit the application form by clicking on ‘Submit’.</li></ol> Candidates will be shortlisted by a committee of senior DEA officers on the basis of the application form. Interested candidates may seek more information <a href="https://dea.gov.in/sites/default/files/internship%20ad%202022-23.pdf">here</a> and apply <a href="https://dea.gov.in/">here</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="http://www.businessinsider.in/business/auto/news/maruti-suzuki-will-gain-the-most-from-economic-recovery-and-also-regain-lost-market-share-say-brokerages/articleshow/92171487.cms">Maruti Suzuki will gain the most from economic recovery and also regain lost market share, say brokerages</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="http://www.businessinsider.in/business/news/indias-indigenous-drones-set-to-take-flight-but-concerns-remain-say-experts/articleshow/92171103.cms">India's indigenous drones set to take flight but concerns remain, say experts</a>

Ministry of Finance is hiring interns with a maximum stipend of ₹20,000 per month

<ul><li>The American multinational investment bank is hiring interns from several countries including India across various profiles like human resources, software engineering and many more.</li><li>The last date to apply for these internships is January 31.</li><li>Candidates who perform well will be offered a full-time position at the company after completing the internship programme.</li></ul><keyword id="12923318" type="General" weightage="20" keywordseo="jp-morgan-chase-co-" source="Orion">JP Morgan Chase &amp; Co.</keyword>, an American multinational investment bank and financial services company, is hiring interns from several countries including India across various profiles like human resources, software engineering and many more. The online applications are open and the last date to apply for these internships is January 31. Other than India, these internship opportunities are also open for students residing in these countries — United States of America, Hong Kong SAR, China, Australia, Poland, United Kingdom, Singapore, and Philippines. <cmsannotation type="cmsannotation" annotationid="These are some of the internship roles available at the investment bank —" comment="subhead" text="These are some of the internship roles available at the investment bank —">These are some of the internship roles available at the investment bank —</cmsannotation> 1. Corporate Analyst Development Programme internship “We're looking for motivated leaders with the vision and initiative to develop solutions that drive change. You will need excellent problem-solving skills and the desire to help us continually improve the firm through innovative thinking. A strong desire and passion for financial services and an interest in exploring the different areas of the firm through a rotational program,” said the company on their official website. Key skills required — Candidates with exceptional interpersonal and communications skills, as well as strong team players who are proactive, flexible and want to work in a fast-paced, collaborative environment. Day-to-day tasks — Work on a dedicated team, contributing to high-priority initiatives and adding value to live projects and gain insight into various phases of key business projects and initiatives across the firm. Interested candidates can apply <a href="https://careers.jpmorgan.com/us/en/students/programs/cadp-summer-analyst#careers-section7">here</a>. 2. Human Resources internship “Experience the breadth of human resources strategies at one of the world’s largest financial services firms in this 10-week program. You’ll develop core skills that can be applied across the firm, as you build a powerful network,” said the company on their official website. Key skills required — Candidates should possess strong project management, communication, interpersonal skills and strategic thinking skills and should be collaborative, open to new challenges, a natural problem solver and take ownership of their work. Day-to-day tasks — Work on projects in areas such as compensation, recruiting, performance management, and employee relations. It may also include compiling data packages for senior leaders and collaborating on succession plans. Candidates who wish to seek the opportunity can apply <a href="https://careers.jpmorgan.com/us/en/students/programs/hr-summer-analyst#careers-section7">here</a>. 3. Software Engineer internship “This 10-week internship will give you the opportunity to learn about our technology business, build your coding skills and prepare you for your career. You could work on projects that deliver real solutions for our customers, clients and businesses. No matter if you’re working on payment solutions or trading algorithms, you’ll see tangible results from your work,” said the company. Key skills required — Candidates with excellent coding skills, be able to manage relationships with clients, and have exceptional problem solving and analytical thinking skills and who are intellectually curious, collaborative and open to new challenges. Day-to-day tasks — Develop digital and mobile features that give our customers and clients more control. Engineer automated recovery solutions on a global scale. Strategise on how big data can make the trading systems quicker. Interested candidates can apply <a href="https://careers.jpmorgan.com/us/en/students/programs/software-engineer-summer#careers-section7">here</a>. 4. Global Finance &amp; Business Management internship “Spend 10 weeks working on critical initiatives for executives, supporting public filings and learning what it takes to close the books for the month or quarter. Since finance and business management is ingrained in each of our businesses, you’ll gain exposure across the firm,” said the company. Key skills required — Candidates should have a basic understanding of financial statements, accounting procedures, internal and external reporting and variance analysis with well-rounded academic backgrounds with a strong interest in financial management. Day-to-day tasks — Help identify, escalate and mitigate business risks, learning what it takes to be a trusted business advisor. Optimise business performance by working on key initiatives, creating financial statements and controls, and working on regulatory issues. Candidates can apply online for this opportunity <a href="https://careers.jpmorgan.com/us/en/students/programs/finance-summer-analyst#careers-section7">here</a>. Candidates who perform well will be offered a full-time position at the company after completing the internship programme. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/total-employment-in-nine-select-sectors-rises-to-3-10-crore-in-july-september-2021-reveals-labour-ministry-report/articleshow/88804868.cms">Total employment in nine select sectors rises to 3.10 crore in July-September 2021, reveals Labour Ministry Report</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/india-starts-third-dose-for-population-above-60-with-comorbidities/articleshow/88803159.cms">India starts precautionary dose for population above 60 with comorbidities — All you need to know</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/skoda-kodiaq-highlights-of-the-new-suv-including-price-specs-and-features/slidelist/88809838.cms">Skoda Kodiaq: Highlights of the new SUV including price, specs and features</a>

JP Morgan Chase & Co. is offering internships across various profiles in India

New Delhi, Feb 1 () A degree level full-fledged online education programme will be offered by the country's top 100 educational institutions to students belonging to deprived sections of the society and those who do not have access to higher studies, Finance Minister Nirmala Sitharaman said on Saturday. 
 Presenting the Budget for fiscal 2020-21 in Parliament, Sitharaman said a new education policy will soon be announced and the government proposes to provide about Rs 99,300 crore for the education sector in 2020-21 and about Rs 3,000 crore for skill development. 
 "By tying skill development with education, Finance Minister Nirmala Sitharaman has given wings to the Skill India Mission and the overall skilling ecosystem of the country. India is a treasure trove of gifted individuals who must be skilled in order for them to realise their dreams.
 "The Rs 3,000 crore outlay will give an impetus to vocational education and training. Under the current plans, we are already proving skill training across 8,000 schools and institutes, with 400 hours in classes 9-10 and 500 hours in classes 11-12 for one trade. The Budget 2020 makes a provision for expanding the net to other schools as well," Union Skill Development and Entrepreneurship Minister Mahendra Nath Pandey said. 
 The finance minister also announced that a special bridge course would be designed by ministries of health and skill development and entrepreneurship in conjunction with professional bodies to bring in equivalence and improve the skillsets of teachers, nurses, paramedical staff and care-givers. 
 Emphasising that India should also be a preferred destination for higher education, she said under a 'Study in India' programme an IND-SAT exam is proposed in Asian and African countries for benchmarking foreign candidates who receive scholarships for studying in Indian higher education centres. 
 "Dialogues have been held with state education ministries, Members of Parliament and other stakeholders on the education policy. Over 2 lakh suggestions were also received. The new education policy will be announced soon," Sitharaman said, adding steps would be taken to enable sourcing of external commercial borrowing and FDI so as to deliver higher quality education. 
 Observing that students in general stream as opposed to those in sciences or technology stream need their employment opportunities improved, she said about 150 higher education institutions will start apprenticeship, embedded degree diploma courses by March 2021. 
 "The government proposes to start a programme whereby urban local bodies across the country would provide internship opportunities to fresh engineers for a period up to one year," the finance minister said.
 In order to provide quality education to students of deprived sections of the society as well as those who do not have access to higher education it is proposed to start degree level full-fledged online education programme, Sitharaman announced. 
 She said this shall be offered only by institutions ranked within top 100 in the national institutional ranking framework and initially, only a few such institutions would be asked to offer such programmes. 
 Besides, a national police university and a national forensic science university are being proposed in the domain of policing science, forensic science and cyber forensics. 
 Sitharaman said the government will also start a programme whereby urban local bodies across the country would provide internship opportunities to fresh engineers for a period of up to one year. National Skill Development Agency will give special thrust to infrastructure-focused skill development opportunities, the Minister explained. RSN MKJ

Online degree courses to students from weaker sections; new edu policy soon: Budget

New Delhi, Nov 14 () KPMG in India and NIIT Ltd on Thursday said they have entered into an exclusive partnership to launch 'KPMG NIIT Finance Academy' in India for building skills and talent for finance professionals.
 Designed as a centre for future skills in finance, the academy will offer futuristic programs in finance to fresh graduates and experienced finance professionals to address the changing talent requirements that evolving business models, regulatory changes and new-age technologies, a statement said.
 "The finance workforce of the future will need well rounded finance technical skills combined with data utilisation and technology skills and broader behavioural skills. We believe that this finance academy will help address a critical component on talent and skills," Sai Venkateshwaran, Partner and Head of CFO Advisory at KPMG in India and Global Lead for Smart Digital Finance said.
****
* CII, GlobalGyan launch Smart Manager Certificate Programme for job readiness 
 CII on Thursday launched Smart Manager Certificate Programme in partnership with GlobalGyan to make students ready for professional careers with practical competencies that employers seek. 
 This programme will provide those skills to students that are typically gained through work experience or internships, a statement said. 
 The certificate programme will be open to students of all colleges affiliated with AICTE, it added.
 The mode of delivery would be a blend of self-paced digital learning through Android, iOS and web apps, as well as live interactive sessions over a duration of four months, it said. 
**** 
* Tobacco Board awarded Golden Leaf Award 
 The Commerce Ministry on Thursday said Tobacco Board has been awarded the Golden Leaf Award for its efforts to initiate various sustainability initiatives in flue-cured virginia (FCV) tobacco cultivation in the country.
 The awards under this category are given to a company or institution that introduced a public service programme or educational campaign of creativity, effectiveness to date and best use of resources. 
 The board got this award for its best outstanding public service in sustainability to the industry for its initiatives on natural farming in tobacco cultivation for production of organic tobaccos, improving the soil health through green manuring.
 India is the world's fourth largest producer of FCV tobacco. About 88,000 FCV tobacco farmers and their families in the states of Andhra Pradesh and Karnataka are dependent on this crop for their livelihood. SR RR
 RVK

KPMG in India, NIIT launch 'KPMG NIIT Finance Academy'

New Delhi [India], July 24 (ANI): A <keyword id="4261957" type="General" weightage="20" keywordseo="general-discussion" source="Orion">general discussion</keyword> on the <keyword id="19908389" type="General" weightage="20" keywordseo="Union-Budget" source="keywords">Union Budget</keyword> and the budget for the Union Territory of Jammu and Kashmir for the fiscal year 2024-25 will be held in the <keyword id="19895369" type="General" weightage="100" keywordseo="Rajya-Sabha" source="keywords">Rajya Sabha</keyword> later on Wednesday. <keyword id="19956758" type="General" weightage="20" keywordseo="finance-minister" source="keywords">Finance Minister</keyword> <keyword id="19916618" type="General" weightage="20" keywordseo="Nirmala-Sitharaman" source="keywords">Nirmala Sitharaman</keyword> presented both the Union Budget and the <keyword id="22525621" type="General" weightage="20" keywordseo="Jammu-and-Kashmir-Budget" source="keywords">Jammu and Kashmir Budget</keyword> in the House on July 23. The discussion is crucial as both the budgets shape the financial direction of the country and the Union Territory, respectively. The Union Budget outlines the government's revenue and expenditure plans for the upcoming fiscal year, while the budget for the Union Territory of Jammu and Kashmir is a significant event considering the developmental needs. As per the list of businesses of the Rajya Sabha, the discussion on these two budgets will be convened later in the day. The discussion over these two budgets is expected to start in the second half of the day. According to the list of business of the Rajya Sabha, the ministers that are set to lay the papers on the table are Jayant Chaudhary for the Ministry of Education; Pankaj Chaudhary for the Ministry of Finance; Nityanand Rai for the Ministry of Home Affairs; and Sukanta Majumdar for the Ministry of Education. Besides, Rajya Sabha Secretary General PC Mody will lay on the table the Public Accounts Committee reports. This includes the 124th Report on Construction of Toilets in Schools by CPSEs; the 125th Report on Rejuvenation of the Ganga (Namami Gange); the 126th Report on Avoidable Payment due to Non-Charging of Service Tax/GST from the Passengers; and the 127th Report on Action Taken by the Government on the Observations and Recommendations of the Committee contained in their 46th Report (16th Lok Sabha) on Implementation of the Public-Private Partnership Project at Chhatrpati Shivaji International Airport, Mumbai, among others. The reports were presented to the Speaker on February 23 and April 29, 2024, and to the Chairman, Rajya Sabha, on February 28 and May 13, 2024, before the dissolution of the 17th Lok Sabha. The Speaker had ordered the printing, publication and circulation of the reports. As per the business list of the Rajya Sabha, Union Minister for Parliamentary Affairs Kiren Rijiju will move the motion for election to the committee on the welfare of other backward classes. Kiren Rijiju will also move the motion for nomination to the committee on the welfare of scheduled castes and scheduled tribes. The motion for nomination to the committee on public accounts will also be moved by Union Minister Rijiju in the House today. Moreover, Kiren Rijiju will move the motion for nomination to the committee on public undertakings. Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 on Tuesday during the Monsoon Session of <keyword id="19895397" type="General" weightage="20" keywordseo="Parliament" source="keywords">Parliament</keyword>. Nirmala Sitharaman became the first finance minister to present seven consecutive budget speeches, surpassing former prime minister Morarji Desai's record of six consecutive budgets as finance minister between 1959 and 1964. In her seventh budget, Nirmala Sitharaman outlined key priorities aimed at fostering economic growth and creating ample opportunities. These included productivity and resilience in agriculture, employment, and skilling and services. Prime Minister Narendra Modi on Tuesday hailed the Union <keyword id="15478236" type="General" weightage="20" keywordseo="budget-2024" source="Orion">Budget 2024</keyword> presented by Finance Minister Nirmala Sitharaman. "This budget strengthens every section of society. It takes the country's poor, village and farmers on the path of prosperity," the prime minister said in a video message. The Prime Minister praised the budget, emphasising its potential for job generation by incentivizing the top 500 companies to recruit more youth and also induct interns. The PM said the budget would help India achieve its objective of becoming the third largest economy, besides laying a strong foundation for Viksit Bharat. Union Home Minister Amit Shah on Tuesday also said the Union Budget 2024-25 is game-changing and will go down in history for coupling Bharat's economic growth with the torque of its youth power. He also lauded the government's decision to provide training and internship programmes to youth. The Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, welcomed the Union Budget 2024 laid before Parliament on Tuesday. Calling the Union Budget 2024 a 'visionary document', Sonowal said, "The Union Budget, 2024 lays the roadmap for renewed and holistic growth towards Viksit Bharat. This visionary budget is aimed at empowering the 'Garib' (poor), 'Mahilayen' (women), 'Yuva' (youth), and Annadata' (farmers) so that the process of development reaches every citizen of the country." Assam Chief Minister Himanta Biswa Sarma said on Tuesday that Union Budget 2024 stands out for its unprecedented push towards employment generation and powering small businesses.

Rajya Sabha to hold general discussion on Union Budget, Jammu and Kashmir Budget today

<div class="KonaFilter image-container float_right"><div class="image">Newsweek.com</div></div>
Mother Jones <a href="http://www.motherjones.com/media/2014/03/newsweek-ibt-olivet-david-jang">published a lengthy piece Monday</a> detailing the extensive connections between mysterious religious leader David Jang, the religious college he founded, Olivet University, and IBT Media, which purchased Newsweek in August of last year. Though the story does not suggest IBT's ties to Jang's religious movement have influenced Newsweek's content, Business Insider has found signs infusing the "Gospel message" into media is central to Jang's concept of journalism. 
The story in Mother Jones detailed how the finances of Jang, Olivet, and IBT are all intermingled. It also included evidence Jang has been involved in business decisions made by IBT's young co-founders, Etienne Uzac and Johnathan Davis. In addition to their other relationships with Jang, both Uzac and Davis have ties to Olivet. These connections are intriguing since injecting religion into media seems to be a major part of Olivet's journalism curriculum. 
Olivet's website indicates the school is divided into seven colleges including Olivet College of Journalism. The journalism school's web page includes <a href="http://ocj.olivetuniversity.edu/academics/journalism.htm">an introductory page</a> noting students there are "equipped to change the world for Jesus Christ." It also features <a href="http://ocj.olivetuniversity.edu/about/whoweare.htm">a mission statement</a> where the main goal of the school is described as "equipping" students "with professional skills and an ability to apply knowledge in Christian media ministries to propagate the Gospel message through contemporary and traditional forms of media."
Editors at Newsweek and IBT's other mainstream media properties responded to the Mother Jones piece by claiming the religious beliefs of the magazine's ownership do not influence it content. However, the company's co-founders reportedly have deep ties to Olivet, where the journalism school is expressly dedicated to spreading religious messages through the media. Furthermore, according to <a href="http://mobile.nytimes.com/2013/10/05/nyregion/despite-questions-town-supports-new-evangelical-college.html?from=education">a New York Times report</a> published in October, the school's president boasted that it has served as a feeder for IBT.
The New York Times said Uzac was a member of Olivet's board of trustees. It also noted Davis' wife, Tracy, who is also president of Olivet, said, "IBT has also provided internship and job opportunities for Olivet students and graduates."
Christianity Today, which published a pair of articles on Jang in 2012, also said Uzac has <a href="http://www.poynter.org/latest-news/mediawire/220244/newsweeks-new-owner-downplays-ties-to-evangelical-preacher/">been the school's treasurer</a> and Davis was its "director of journalism." Those stories also accused Jang of preaching that he is the "Second Coming Christ," a messianic figure. Olivet leaders have <a href="http://mobile.nytimes.com/2013/10/05/nyregion/despite-questions-town-supports-new-evangelical-college.html?from=education">criticized Christianity Today's coverage</a> as inaccurate. 
Business Insider reached out to Uzac, Davis, and Newsweek Editor-In-Chief Jim Impoco on Monday to ask them about Olivet's concept of journalism and whether they brought similar values to Newsweek. As of this writing, none of them have responded. 
View the Olivet College of Journalism's mission statement below. 
<div class="KonaFilter image-container"><div class="image">OlivetUniversity.edu</div></div>

Newsweek Backers Tied To Program Seeking To 'Propagate The Gospel' Through Journalism 

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">REUTERS/Stefanie LoosGerman Chancellor Angela Merkel attends a Christian Democratic Union (CDU) and Christian Social Union (CSU) party faction meeting in the Reichstag building before a parliamentary vote on a third bailout programme for Greece in Berlin, Germany August 18, 2015.</div></div></div>Good morning! Here are the 10 things you need to know in markets today.Chinese stocks are falling for a second day running. <a href="http://www.businessinsider.com/afp-shanghai-shares-fall-more-than-five-percent-2015-8">Shanghai shares fell more than 5% on Wednesday morning</a>, extending their largest daily fall in more than three weeks on concerns of waning government support.Other Asian markets are also lower. Japan's Nikkei is down 1.49% at time of writing and the Hong Kong Hang Seng is 0.8% lower.Minutes from the Federal Reserve's July meeting are due at 7 p.m BST (2 p.m ET) today. They could provide more clarity on when exactly the Fed plans to hike short-term interest rates.Germany's Bundestag is today voting on the latest Greek bailout deal. Attention will be focused on how many MPs rebel against the motion, <a href="http://www.bbc.co.uk/news/world-europe-33984008">with the BBC estimating as many as 100 could vote against it</a>.Fitch Ratings has raised its credit rating on Greek debt from 'CC' to a slightly less brutal 'CCC.' <a href="http://uk.businessinsider.com/fitch-raises-rating-on-greece-2015-8">These ratings are both well below investment grade</a>.US activist investor Harris Associates has reportedly raised its stake in commodities giant Glencore ahead of half-year results today. <a href="http://www.telegraph.co.uk/finance/newsbysector/industry/mining/11810755/US-activist-ups-Glencore-stake-to-1bn-on-eve-of-results.html">The Telegraph reports</a> that Harris now owns 4.5% of the company, worth £1 billion ($1.57 billion) at the current share price.Asda has delivered its worst sales performance in its 50-year history, after being hit by the escalating price war among the biggest supermarkets. <a href="http://www.ft.com/cms/s/0/58911740-45ba-11e5-b3b2-1672f710807b.html#axzz3j3hpUj8f">The Financial Times reports</a> that the Walmart-owned group said sales from stores open at least a year fell 4.7% in the 11 weeks to June 30.Bank of New York Mellon has been fined for giving internships to the kids of government officials affiliated with a Middle Eastern sovereign wealth fund in an alleged effort to win business. The SEC said on Tuesday that without admitting or denying wrongdoing, <a href="http://uk.businessinsider.com/bny-mellon-fined-by-sec-for-fcpa-violations-2015-8">the bank agreed to pay a $14.8 million (£9.45 million) penalty</a>.Google has launched a WiFi router. <a href="http://www.businessinsider.com/afp-google-gets-in-the-wifi-router-business-2015-8">The Internet giant touted OnHub</a>, a partnership with TP-LINK networking product manufacturer, as a "different kind of router for a new way to WiFi."Japan's trade deficit fell a less-than-expected 72.3% year-on-year in July due to falling energy costs and a pick-up in exports. The finance ministry announced on Wednesday that <a href="http://www.businessinsider.com/afp-japan-trade-deficit-shrinks-72-in-july-on-year-2015-8#ixzz3jEe12g9D">the deficit fell to 268.05 billion yen ($2.15 billion, £1.37 billion)</a>, against 966.5 billion yen a year earlier. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/the-science-behind-how-to-lose-weight-2015-6">The science behind losing weight</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="xnbXkzbDoFQ-GH1-LHsagEJuZ9cLAarG" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

10 things you need to know in markets today

New Delhi, Feb 3 () The government will protect the interest of policyholders of LIC, which is likely to go public in the next financial year, Minister of State for Finance Anurag Thakur has said.
Listing of LIC will help bring in greater transparency, public participation and also deepen the equity market, he said.
"Government came out with the idea (LIC listing). The details will follow and it will be in the interest of LIC and its policyholders. Interest of LIC and policyholders will be safeguarded," he told in an interview.
Asked about quantum of stake sale, he said, once the amendment to the LIC Act is finalised you will get all the details.
"LIC have an independent set-up to decide where they want to invest even today and what will continue in the next format that would come into light as well in the future," he said.
Finance Minister Nirmala Sitharaman while presenting the Budget 2020-21 on Saturday proposed to sell a part of government stake in LIC through an initial public offer next fiscal.
The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank in the next fiscal out of total disinvestment target of Rs 2.10 lakh crore.
The government currently owns 100 per cent in LIC, while it holds around 46.5 per cent stake in IDBI Bank.
Assuring that the numbers presented in the Budget as realistic, Thakur said several measures announced in the Budget will help boost economy and meet nominal GDP growth target of 10 per cent set in the Budget.
"Just three four months back the government announced corporate tax rate cut. It takes some time to implement that at the grassroot level. So, you will see impact of that in some time. That is why we have not said 7.5 per cent, we have said 6.5 per cent (growth). And that is a real and genuine numbers we are looking at," he said.
Besides, he said, the revenue and expenditure target for the next fiscal are very much achievable.
The Budget has pegged total receipts at Rs 22.46 lakh crore and expenditure at Rs 30.42 lakh crore 2020-21 keeping in mind government's commitment towards various schemes and need for improvement in quality of life of the people.
Terming this year's Budget as 'Jan Jan Ka Budget', Thakur said, every strata of the society has been taken well into consideration and major reforms have been undertaken benefiting youth, women, farmers, investors and middle class.
The government has provided Rs 2.83 lakh crore for agriculture, farmer welfare and rural development.
"Doubling farmers' income is an agenda for the next two years. We have already fulfilled the commitment of one and a half times of cost of production of farmers which government had promised," he said.
With the announcement of 'Kisan Rail' and 'Krishi Udaan' to be launched by Indian Railways and Ministry of Civil Aviation, respectively, for a seamless national cold supply chain for perishables, this too will serve beneficial as it will aid farmers in facilitating smooth and fast transport of perishable goods, he said.
In addition, the government has increased agriculture credit target to Rs 15 lakh crore for the next fiscal.
Thakur said, "from the startups to education, internship to apprenticeship many announcements have been done...So, I think more young entrepreneurs, more startups we are going to see...We see India moving to top three startup countries in the world in the next couple of years".
With regard to helping the MSME sector, he said, the government has asked the RBI to consider extending debt restructuring window by another year till March 31, 2021.
More than five lakh MSMEs have benefitted from restructuring of debt permitted by the Reserve Bank of India in the last year, he said. DP BAL

Interest of LIC policyholders will be protected, says Anurag Thakur

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Courtesy of Laura DunnLaura Dunn with her parents.</div></div></div><ul class="summary-list"><li>A year after graduating college, I moved into my parents' condo in Florida to start taking the job hunt seriously.</li><li>In a lot of ways, it was a great decision: They didn't charge me <a href="https://www.businessinsider.com/how-to-rent-an-apartment-with-bad-credit">rent</a>, so I was able to save money, and we became closer than ever.</li><li>However, there were some downsides. Space was tight, and it felt a little like being a teenager again. Plus, the chances of me ever living somewhere that nice again are slim.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul>After graduating college, my brother offered to let me move in with him in downtown Chicago.I immediately said yes, quit my job, and packed up. For a little less than a year, I explored my favorite city in the world, participated in a friend's monthly poker tournament, and took salsa dancing classes. When I was home, I was either swimming at the community pool or watching TV.Even though I had no job and very few close friends in the area, I spent zero time job hunting that year. Throughout this time, <a href="https://www.businessinsider.com/parents-bought-first-car-paid-for-college-wish-they-hadnt">my parents kept trying to convince me</a> to move to Florida, which I continually rejected because I thought the ultimate failure would have been moving in with them.But I changed my mind.When I eventually realized there was nothing for me in Illinois, I packed up a few bags and flew home to their house to Fort Lauderdale in May 2009. I ended up living there with my parents for two years.<h2>I did save money, and I was able to take my time job-hunting</h2>The most obvious benefit of becoming roommates with your parents is what you save in rent. I rode that wave for two years, but when I finally landed the first job of my career, I decided to pay rent.For two whole years, I explored what career I wanted. I worked for a motivational speaker, was a ministry assistant, an office manager, and a photography assistant. None of these fulfilled me, so I kept searching.The safety net of being supported by my parents was a massive asset. That freedom gave me the confidence to pitch myself without worrying where my next meal was coming from. Not having to settle for a job out of desperation made all the difference in bringing me to where I am now - the managing editor at a superyacht magazine.With that mindset in place, I emailed several South Florida publications, including the editor at Southern Boating magazine, asking if there were any available paid internships. The editor responded and offered me a paid internship as their copy editor for two months. I had steady part-time hours, my own spacious office, and free coffee!A week after my internship ended, I got a call from the magazine publisher who offered me a job position that they created for me: assistant editor.<h2>I became closer to my parents and made lifelong friends</h2>My family has always been tight-knit, but my temper tended to get the best of me as a teenager (#hormones). While I was in college, we drifted apart, so that was another risk of moving in together: clashing personalities and having less privacy.Though it took time, things clicked after my brother gave me life-changing advice: Do I want to wait to get along with my parents until they were in a nursing home or on their deathbed?From that moment on, I started appreciating my parents and we formed a really healthy relationship that's still in place.I met the best friends of my life, thanks to my parents. Though I didn't know anyone else when I moved there, my parents (who had lived there for a year or two) did. I went to their church and slowly began to meet people my age. Among the first people I met was <a href="https://www.businessinsider.com/cost-of-living-renting-fort-lauderdale-florida-2019-8">my future roommate</a>, otherwise known as my bestie and maid of honor. I also made several other meaningful relationships I never would have been exposed to without my folks.<h2>However, space was tight and I was living by their rules</h2>One of the main disadvantages was that I had one small closet in one small room. We lived in a cozy condo, so it wasn't easy to get away when tempers flared.Okay, my parents never actually said this, but it goes with the territory. Plus, when it comes to living with someone, there will always be moments of tension, and we definitely had those.Living by my folks' rules was a low-key downside to living with them - overall, they were very laid-back roommates, but at times, I felt insecure because I was no longer independent. In fact, I experienced flashbacks of when I was back in high school and was expected to "obey" them.Plus, my parents lived on the 19th floor of an oceanfront condo. It sounds great, but I'm pretty sure I came away from living there with some unrealistic expectations: I will never live anywhere as glam and luxurious as I did when I lived with them.I also know I will never be able to entertain people in the same fashion as when I lived with my parents. Because we lived in such a posh condo, anyone who visited us was treated to a balcony overlooking the ocean, two pools and a hot tub, and valet parking. Since my parents are so cool, I entertained more than I have before (or since) in my life.<h2>Would I do it again? Absolutely</h2>Moving to Florida was the best decision of my life. Because my parents invited me to move in with them, I discovered who I was, gained the best friends of my life, started my career, and grew close to my parents.I know this isn't the outcome for everyone who moves in with their parents, but given the chance, I would make the exact same choice to live with Mom and Dad after college.<ul class="read-more-links"><li>More <a href="https://www.businessinsider.com/category/personal-finance-insider">personal finance</a> coverage</li><li><a href="https://www.businessinsider.com/best-airline-credit-card-comparison-delta-united-american">What's the best airline credit card?</a></li><li><a href="https://www.businessinsider.com//best-cash-back-credit-cards">The best cash back credit cards</a></li><li><a href="https://www.businessinsider.com/are-cds-a-good-investment">Are CDs a good investment?</a></li><li><a href="https://www.businessinsider.com/when-to-save-money-in-high-yield-savings">When to save money in high-yield savings</a></li><li><a href="https://www.businessinsider.com/best-rewards-credit-cards">Best rewards credit cards </a></li></ul><a href="https://www.businessinsider.com/intelligence/generation-z?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_hub&amp;itm_content=millennials&amp;itm_campaign=generation-z"></a> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/raw-cookie-dough-never-eat-e-coli-salmonella-food-poisoning-2019-2">General Mills is recalling flour due to E. coli concerns, which is one of the reasons raw cookie dough isn't safe to eat</a></h3> <div> </div> </div>

I was reluctant to move into my parents' condo after college, but given the choice I'd do it again

<ul><li>The Indian government is launching an academic course — the Graduate Insolvency Program — to train a crop of new insolvency professionals. </li><li>India’s stressed bank assets rose to $146 billion recently. </li><li>The 27-month program is likely to benefit insolvency professionals. It will help them handle tough bankruptcy cases within a short time.</li></ul>India has a huge, emerging sector for helping distressed and bankrupt companies come out of financial difficulty. But it faces a huge shortage of bankruptcy professionals who can oversee the process. To make up for the lack, the Indian government is reportedly launching a fresh academic course — <a href="https://economictimes.indiatimes.com/markets/stocks/news/want-to-graduate-in-insolvency-heres-how-you-can/articleshow/67534863.cms">Graduate Insolvency Program</a> — which will help train a new crop of insolvency professionals. The Insolvency and Bankruptcy Board of India (IBBI) will likely launch the program in first week of February. It will allow fresh candidates to take up Insolvency profession while presently hirings happen from the lot having at least 10-15 years of experience. The 27- month program aims to train nearly 45 such professionals annually. India introduced a new bankruptcy law, the <keyword id="6354456" type="DEFINITION" weightage="20" keywordseo="Insolvency-and-Bankruptcy-Code">Insolvency and Bankruptcy Code</keyword> (<keyword id="192838" type="ORGANIZATION" weightage="20" keywordseo="IBC">IBC</keyword>), two years ago — which was seen as a landmark law to help several banks resolve a huge pile of bad debt from under-performing or stressed companies. The new rules gave recourse to both the company’s promoters and creditors. How will the course benefit insolvency professionals? As of 2017, the country had nearly <a href="https://economictimes.indiatimes.com/jobs/jobs-how-will-graduates-gain-from-insolvency/articleshow/59850758.cms">600-700 insolvency professionals</a>, according to Mamta Binani, former president of Institute of Company Secretaries of India. While according to a senior official from ICAI, certified training programs have the capacity to create thousands of job opportunities. That is because, India’s National Company Law Tribunals have been flooded with hundreds of such cases that will need insolvency professionals for primary operations. Who will be eligible? The graduate insolvency program will be outsourced from prominent Indian institutions, and operate in sync with regulators. It will admit candidates from varied backgrounds from chartered accountants, post graduates in economics, finance, management, commerce, cost accountants, company secretaries and law graduates. However, there will be a minimum bar to qualify the elimination exam, just as for the Common Admission Test (CAT). Foreign nationals will also be eligible to take up the course — along with a reservation quota of five seats. The Indian government hopes the course will be added help for professionals already working on bankruptcy to solve the cases more efficiently. It will also give the professionals domestic and international exposure in the field through internships. The overall cost for the graduate program is yet to be declared. However, it is <a href="https://www.businesstoday.in/current/economy-politics/alert-for-cas-law-students-check-out-new-graduation-course-on-bad-loans/story/310221.html">expected to cost </a>between ₹700,000 to ₹1,000,000. India has tried to groom insolvency professionals earlier as well. Last year, the Ministry of Skill Development &amp; Entrepreneurship (MSDE) and Insolvency and Bankruptcy Board of India (IBBI) jointly announced a training program for <a href="http://www.uniindia.com/news/business-economy/msde-launches-insolvency-associate-course-in-du/1285995.html">‘Insolvency Associates’</a> to create more jobs in the sector. Rolled out under the Pradhan Mantri Kushal Vikas Yojana (PMKVY), the 250-hour course focused on insolvency issues including Companies Act, accounting and valuation. See also: <a href="https://www.businessinsider.in/next-global-recession-may-be-just-two-years-awayand-india-should-be-worried/articleshow/67535452.cms">Next global recession may be just two years away—and India should be worried</a> <a href="https://www.businessinsider.in/india-witnessed-its-highest-unemployment-rate-in-27-months-at-7-38-in-december-says-cmie/articleshow/67418218.cms">India witnessed its highest unemployment rate in 27 months at 7.38% in December, says CMIE</a> <a href="https://www.businessinsider.in/big-data-and-analytics-may-be-the-hottest-sector-but-india-has-a-serious-dearth-of-data-scientists/articleshow/66860305.cms">Big data and analytics may be the hottest sector, but India has a serious dearth of data scientists</a>

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