Indian Institute of Skills gets govt nod

Tribunal to fast track benami cases approved

◗ Cabinet also cleared the proposal of Appellate Tribunal and Adjudicating Authority for speedy disposal of cases ◗ This was informed by Ravishankar Prasad in a conference.

With the NDA government bullish on imparting skill development training for the youth, the Union Cabinet on Wednesday approved a scheme for setting up of Indian Institute of Skills ( IIS) at different locations across the country in public private partnership ( PPP).

The Cabinet also cleared the proposal of setting up of Appellate Tribunal and Adjudicating Authority for speedy disposal of cases related to benami transactions.

This was informed by minister for electronics and information technology and law & justice Ravishankar Prasad in a press conference. The PPP model will be explored for promotion of IIS at selected locations based on demand and available infrastructure.

The setting up of IISs would augment the global competitiveness of key sectors of Indian economy by providing high quality skill training, applied research education and a direct and meaningful connection with industry, official sources said.

“It will provide opportunity to aspiring youth across the country to have access to highly skilled training, and enhance the scope of accountability through its linkage with industry and global competitiveness across sectors,” they added.

By leveraging advantages of private sector enterprise and public capital in terms of government land, it would create new institutes of expertise, knowledge and competitiveness.

Meanwhile regarding the Union Cabinet's decision of setting up of an Appellate Tribunal and Adjucating Authority, the minister said that the government had notified sessions courts in 34 states and union territories, which will act as special courts for trial of offences under the benami transaction law.

Benami transaction refers transactions made in a fictitious name, or the owner is not aware of the ownership of the property, or the person paying for the property is not traceable.

Official sources said that the Adjudicating Authority and Appellate Tribunal will be based in the National Capital Territory of Delhi ( NCTD).

Benches of Adjudicating Authority may sit in Kolkata, Mumbai and Chennai, and the necessary notification in this regard will be issued after consultation with the chairperson of the proposed Adjudicating Authority.