In yet another labour friendly reform, Prime Minister Narendra Modi today said scores obtained by candidates in recruitment examinations conducted by government and PSUs will be shared with private sector to help them hire candidates with matching talent.
"The government and public sector undertakings conduct a number of recruitment examinations. So far, the scores in these examinations have been retained by the government.
"Hereafter, we will make available the results and the candidate information openly to all employers, wherever consent is given by the candidate. This will create a positive externality," Modi said at the Bloomberg India Economic Forum.
Also Read
He said, recently to eliminate corruption in government recruitments, interviews for lower and middle level positions were abolished.
Results of government entrance examinations for engineering and medical colleges are already being used by private colleges for admissions.
Modi said making available the scores of recruitment exams conducted by the government and PSUs to all employers will provide a rich data base which can be used by private sector employers as a readymade and objective sourcing and screening mechanism.
"It will reduce search costs in the labour market for both employers and employees. It will enable better matching of candidates from labour surplus areas with jobs in other regions," he said.
Modi further said in the Budget, government had announced two path-breaking reforms in the education sector.
"Our aim is to empower higher educational institutions to help them attain the highest standards," he said.
The government will provide an enabling regulatory architecture to 10 public and 10 private institutions, so that they emerge as world-class teaching and research institutions.
Their regulatory framework will be separate from existing structures like the University Grants Commission and All India Council for Technical Education.
"They will have complete autonomy on academic, administrative and financial matters. We will provide additional resources for the next five years for the 10 public universities.
"This will eventually allow ordinary Indians affordable access to world-class degree courses. This initiative is the beginning of a journey to restore the original mandate of higher education regulators," he said.
