KNOW ABOUT AGNIPATH IN DETAILS
Lt General Anil Puri, Additional Secretary, Department of Military Affair
The officials explained that the Agnipath scheme was designed after considering various factors including exit and entry avenues of various countries, retirement ages, etc. The scheme has been designed to create an ideal mix of youthfulness and ex...
The senior officials from armed forces announced a detailed recruitment plan for Agnipath amid the ongoing protests against the scheme in a press conference on Sunday. The scheme will not be rolled back, said lieutenant general Anil Puri while addressing the press conferences
Lt Gen. Puri explained that the Agnipath scheme was designed after considering various factors including exit and entry avenues of various countries, retirement ages, etc. The scheme has been designed to create an ideal mix of youthfulness and experience in the armed forces, he added.
The announcement comes after the tri-service chiefs met the defence minister at his residence earlier today.
According to ANI sources, the tri-service chiefs were likely to discuss the rollout of the scheme and ways to pacify agitators, however, there has been no official comment on the meeting. This is the second such meeting called by Singh in two days.
Recruitment Plan for Indian Airforce (IAF)
June 24- The registration process for first Agniveer batch into IAF will begin from June 24, 2022
July 24- Once the registration process is completed, the Phase-1 online examination will take place on July 24, 2022
The selected Agniveers will be enroled by the end of December 2022.
December 30- The training session for the first batch of Agniveers will begin from December 30, 2022
Recruitment Plan for Indian Navy
The recruitment for Indian Navy services will start in the next one month.
The recruitment process will take place online.
By November 21, 2022, the first Agniveer batch will report to INS Chilika in Odisha.
The induction of these selected candidates will take place in two phases. The orientation for the first batch consisting approximately 25,000 Agniveers will take place in first or second week of December 2022, meanwhile, for the second batch consisting similar number of Agniveers, the orientation session will take place in February 2023.
Changes introduced so far
In a recent move, the Ministry of Home Affairs had announced a 10% reservation for Agniveers- the candidates recruited under the Agnipath scheme- in the Central Armed Police Forces (CAPF) and Assam Rifles.
In addition to that, the ministry also increased the upper age limit beyond the prescribed age by five years for the first batch and three years for the other upcoming Agniveer batches.
"The MHA also decides to give 3 years age relaxation beyond the prescribed upper age limit to Agniveers for recruiting in CAPFs and Assam Rifles. Further, for the first batch of Agniveer, the age relaxation will be for 5 years beyond the prescribed upper age limit."
It is pertinent to note that, upon completion of their four years tenure, Agniveers will be getting selection priorities under CAPF's all the seven different security forces comprising Assam Rifles (AR), Border Security Forces (BSF), Central Industrial Security Forces (CISF), Central Reserve Police Forces (CRPF), Indo Tibetan Border Police (ITBP), National Security Guard (NSG) and Sashastra Seema Bal (SSB).
Earlier speaking of the employment opportunities for Agniveers, Singh said that upon completion of four years of Agniveers many central ministers and state governments including Public Sector Undertakings (PSUs) and corporations will give them job priority.
"In coming days you will get the announcement by various governments and ministries regarding the priority in job opportunities to Agniveers," he added.
Earlier, in a welcome move, the government had announced a change in recruiting 'Agniveers', increasing the maximum entry age from 21 years to 23 years by giving two years of relaxation as a one-time waiver. Granting a one-time waiver, the union government declared that the Agniveer upper age limit for recruitments via Agnipath Scheme has been extended to 23 years from 21 years.
Issuing an official statement on Agnipath Scheme, the defence ministry mentioned that the one-time waiver in the upper age limit has been granted as recruitment during the two years had not been possible.
The Ministry of Ports, Shipping and Waterways (MoPSW) on Saturday announced six attractive service avenues for smooth transition induction of 'Agniveers' in various roles of the merchant navy, post their stint with the Indian navy.
The scheme will enable Agniveers, who have successfully completed their tour of duties with the Indian navy, to acquire the necessary training with rich naval experience and professional certification to join the remunerative merchant navy across the world.
These schemes for Agniveers include the transition from ratings in the Indian navy to certified ratings in the merchant navy, the transition from electrical ratings in the Indian navy to certified electro technical ratings in the merchant navy and much more.
The education ministry also announced a special, three-year skill-based bachelor's degree programme for serving defence personnel that will recognize the skill training received by Agniveers under the 'Agnipath' scheme during their tenure in the defence establishments.
"Under this programme that has been designed by IGNOU and will also be executed by them, 50 per cent of the credits required for a graduate degree will come from the skill training - both technical and non-technical - received by the Agniveer, and the remaining 50 per cent will come from a basket of courses that cover a wide variety of subjects like languages, Economics, History, Political Science, Public Administration, Sociology, Mathematics, Education, Commerce, Tourism, Vocational Studies, Agriculture and Jyotish, as also ability enhancement courses on Environmental Studies and Communication Skills in English," the ministry said.
“The allocation of assets within categories is an important decision and will depend on an investor’s age, portfolio size that constitutes the risk profile. For young investors, the majority of their investments ought to be in Index Fund or an ETF. As the portfolio builds up, continue to retain a majority in Index instruments such as an ETF,” feels Ram Kalyan Medury, Founder & CEO, Jama Wealth.
There has been a shift of financial flows from active to passive management globally because of the inability of active managers to outperform their benchmarks consistently. For a long time, India was able to buck this trend but, more recently, things have started to change.
“If there’s underperformance in a portfolio as compared to the Index, the investor has all the rights to talk about the costing part. Apart from cost, there are other parameters that can evoke investors to look at passive investing. Investors can choose to keep active or passive as their core portfolio and then take a tactical call by investing into ETFs to take exposure into other asset classes like gold or international markets,” adds Daila.
Talking about the cost of a portfolio, Medury added: “An investor won’t mind paying a little more in terms of expensive ratio provided the fund performance is good. The actual challenge is in picking the right fund. It’s better to choose funds with consistent returns if you are invested in active funds.”