Prime Minister’s Internship Scheme (PMIS)

• The Standing Committee on Finance recommends independent and periodic evaluation of the PMIS for transparency.
• Relaxation of eligibility norms is suggested for marginalised and economically weaker candidates.
• Issues identified include challenges in inclusivity, monitoring, stakeholder participation, and post-internship outcomes, affecting budget efficiency.
• The scheme was allocated Rs 2,000 crore for FY25 and Rs 380 crore in Revised Estimates.
• Importance of monitoring the internship-to-employment conversion rate as a success indicator.
• The exclusion of families of regular government employees is considered unwarranted, as they may also need support.
• Concerns about the lack of support for living expenses hindering participation from remote or underserved regions.
• Calls for broader engagement with small and medium enterprises, startups, and regional stakeholders.

Insolvency and Bankruptcy Code (IBC) Reforms

• Recommendation for fast-track tribunals with strict timelines for high-priority cases.
• Strengthening of National Company Law Tribunal infrastructure and exploring a public-private partnership model.
• Additional tribunals will be established to speed up insolvency resolutions.
• Need for clearer guidelines on the treatment of government dues, especially taxes and penalties.
• Mandate for processing IBC applications within 14 days.
• Improving standards of resolution professionals through rigorous certification, training, and performance reviews.
• Addressing delays, competency gaps, broadening stakeholder engagement, and leveraging technology to enhance IBC's impact.

Disinvestments and Economic Strategy

• The importance of strategic disinvestment in reducing fiscal burden and promoting efficiency.
• Government’s disinvestment strategy focuses on value-creation and the interests of minority shareholders.
• Emphasis on realistic preparation of estimates and efficient utilization of allocated funds.
• Notes the increase in budget estimates for interest payments due to market conditions.
• Recommends building a budget buffer to respond to global macroeconomic and geopolitical adversities.
• Encourages collaboration with states for consistent inflation control.
• Appreciates increased allocation for capital expenditure to enhance global competitiveness and sustainable development.