News Update

PM to hold roadshow in Puri on MondayViolations of economic sanctions: Criminal penalties come into forceBengaluru Customs nabs 4 pax with gold powder worth Rs 1.96 CroreKejriwal’s assistant put in police custody for 5 days in Swati Maliwal caseAllahabad HC upholds decision to dismiss judicial officer demanding dowryNawaz Sharif alleges former Chief Justice plotted to oust him as PM in 2017Heavy downpours claim 50 lives in Central AfghanistanSoaring funeral costs compelling people to let go bodies unclaimed in Canada9 pilgrims burnt to death as bus catches fire near Nuh in HaryanaSpain denies dock permission to Indian ship carrying arms to Israel12 Unicorns, over 125 startups commit to onboarding ONDCBEML secures Rs 250 crore order from Northern Coal FieldsBharat Parv celebration takes centerstage at Cannes Film FestivalSteel industry should work towards reducing emissions: Steel SecretaryI-T - Additions framed on account of unexplained cash credit & unexplained money, are not tenable where cash deposits & withdrawals were of personal funds & were done through banking channels: ITATUS says not too many vibrant democracies in the world than IndiaI-T - Benefit of section 11(2) can not be denied merely on reasoning that form 10 is filed belatedly: ITATIndia says Chabahar Port to benefit Central Asia and AfghanistanRussia seizes Italy’s UniCredit assets worth USD 463 mnCus - Order re-determining transaction value based on CRCL test report is not correct & hence unsustainable: CESTATCus - If price is not sole consideration for sale, then transaction value can be rejected under Rule 8 of Export Valuation Rules & then must be redetermined sequentially through Rules 4 to 6: CESTATSC upholds ICAI rules capping number of audits per year
 
MoU signed for setting-up Hydrocarbon Sector Skill Council

By TIOL News Service

NEW DELHI, FEB 02, 2014: A Memorandum of Understanding (MoU) for establishment of Hydrocarbon Sector Skill Council (HSSC) was signed here on Friday, between Oil Industry Development Board (OIDB) through L.N. Gupta, Secretary, OIDB and Petroleum Federation of India (PetroFed) through A.K. Arora, Director General, PetroFed in the Chamber of Vivek Rae, Secretary, Ministry of Petroleum & Natural Gas. Dilip Chenoy, MD & CEO, National Skill Development Corporation (NSDC) and Senior Officers of Ministry of Petroleum & Natural Gas, OIDB and PetroFed were also present. Speaking on the occasion Petroleum Secretary Mr Rae said that this initiative will be of great importance to Indian oil and gas sector in augmenting availability of skilled manpower. He lauded the efforts of OIDB and Petrofed for taking up this significant task.

In pursuance of the decisions taken by OID Board in its 86th meeting held on 04.09.2013 and the Ministry of Petroleum & Natural Gas, a series of meetings had been held by MoP&NG and OIDB with Petrofed, CII and the Oil Industry to establish the Hydrocarbon Sector Skill Council for the Oil Industry. The present MoU between OIDB and PetroFed is culmination of these efforts, which envisages setting up of Hydrocarbon Sector Skill Council (HSSC). The major oil industry companies like ONGC, OIL, Cairn, HPCL, BPCL, IOCL, GAIL, EIL, RIL and IOTL have already agreed to give their support and participation in the proposed HSSC. In pursuance of this MoU, OIDB and PetroFed have filed a joint application with National Skill Development Council (NSDC). The two organizations will take hereafter required steps to establish the HSSC at the earliest.

HSSC will focus on short-term training for persons / workmen who possess the minimum essential qualifications required by the Oil & Gas Industry. The main role envisaged for HSSC is to impart in a phased manner training for approximately 200 trades already identified based on the feedback of the industry to about 19 lakh persons over a period of 10 years through training institutes to be identified by HSSC.The functions of HSSC would inter-alia, include conducting skill gap studies, developing National Occupational Standards, imparting accreditation/affiliation of training providers, setting-up an effective Labour Market Information System, facilitating training of trainers and training of assessors, identifying training institutes, etc. The revenue model may be based on an initial grant from the National Skill Development Council and thereafter by certification fee from learners, accreditation fees, etc. besides CSR funds of various organizations.


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.


Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.