IIM Calcutta introduces PG Certificate programme in General Management

IIM, IIM C, IIM Calcutta, indian institute of management, iim certificate programme, IIM PGCGM, IIM calcutta dean, stanford university, coursera, study.com, MIT, MIT online course, IIM mgmt courses, MBA, CAT, IIM news, education news, indian expressThe programme is aimed at developing competence in theoretical foundations of management. (In picture: IIM Calcutta)

The Indian Institute of Management, Calcutta (IIM-C) has initiated the Post Graduate Certificate in General Management programme (PGCGM) to develop competence in theoretical foundations of management and simultaneously seeking to inculcate a broad-based understanding of how the theories of management may be applied to managerial problems.

The programme, developed in conjunction with the different academic groups at IIM Calcutta, offers a holistic understanding of the practice of management. Designed as a part-time programme and delivered through the direct-to- device mode, PGCGM provides participants the opportunity to develop applied competencies in general management with minimal impact on their work schedule and professional commitments.

“The demand among young working professionals for having access to state-of-the-art general management education from a premier institute like IIM Calcutta from the convenience of their home or office without having to leave their jobs has hitherto remained under-served. To fulfill this expectation IIM Calcutta has conceived this innovative PGCGM programme aimed at working executives having two to five years’ experience,” Prof Uttam Kumar Sarkar, Dean, New Initiatives and External Affairs, IIM Calcutta said.

This one year programme is aimed at junior and middle level professionals who aspire to develop competencies in general management. The programme will be most useful for managers headed towards responsibilities of senior management and for functional managers moving onto roles in general management.

 

Moreover, the pedagogy will leverage use of technology and will be highly interactive. Depending on the course, lectures will be enriched with real life case studies, corporate examples and general discussions. Each course will delve into the latest management theories and best practices to enable participants to deal with complex challenges, and capitalise on emerging opportunities.

The duration of the programme is one year. Three hour sessions over the online platform will be held twice a week. The programme includes three campus modules for which participants are required to come to IIM Calcutta campus at Kolkata thrice during the span of one year for face-to-face sessions.

The duration of the three campus modules are five days, nine days and five days respectively. Participation in the campus modules is a mandatory requirement for the successful completion of the programme. All examinations will be held during the campus visits.

Cabinet clears higher education funding agency

Students submitting forms for FYJC admissions at Garware College on Tuesday.Express Photo By Sandeep Daundkar, Pune, 09.06.2015The Union Cabinet on Monday approved the establishment of the Higher Education Funding Agency (HEFA) to finance infrastructural expansion of premiere institutions like IITs, IIMs and NITs.

The agency will be set up with a capital of Rs 2,000 crore, of which half will be contributed by the government. The corpus will then be leveraged to raise debt funding of up to Rs 20,000 crore from the financial markets, pension funds and insurance funds, said HRD Minister Prakash Javadekar.

HEFA is expected to finance the civil and lab infrastructure projects at centrally funded educational institutions through a 10-year loan, the ministry statement said. The principal portion of the loan will be repaid through ‘internal accruals’ (earned through fee receipts, research earnings) of the institutions.

Each institution which signs the agreement with HEFA would be eligible for a credit limit of five times the annual inflow of the student fee from the institution. However, this will not impact the funds allotted to the central funded educational institutions, the HRD minister assured.

The agency, which was announced by Finance Minister Arun Jaitley in the annual budget, was conceived to improve the performance of centrally funded institutions in international rankings.

IIT Gandhinagar to host two-day technical summit in October

IIT, IIT GN, IIT Gandhinagar, Amalthea 2016, Technologizing Challenges, amalthea 2016 theme, IIT networking dinner, indian institute of technology, IIT gujarat, IIT news, education news, indian expressThe theme of ‘Amalthea 2016’ will be ‘Technologizing Challenges’.

The Indian Institute of Technology (IIT), Gandhinagar, will be hosting the seventh edition of its technical summit, Amalthea 2016, from October 22. The theme of the two-day event will be ‘Technologizing Challenges’.

Rajat Goel, core committee member of Amalthea 2016, said, “Amalthea has grown into one of the biggest technical summits organized in Gujarat over the past few years. The theme this year aims to encourage the participants of the summit to use technology to address the challenges around us. Most problems that exist today in the world, including social, humanitarian or economical, can be solved if they are looked upon with a technological perspective.”

The Conclave, one of the main components of the summit, will consist of various talks which aim to give the audience a deeper understanding of the industry as well as academia. Another component of the summit will be the Symposium, which will be an exclusive event. The theme for Symposium this year is ‘Technologies in Defence and Internal Security’. Experienced personalities from the field of defense and internal security will address the event.

Besides the Symposium and the Conclave, an exhibition on ‘Expediting Development through Technology and Innovation’ will also be organised. It will showcase latest developments in science and technology.

The summit will also host a Networking Dinner to create an opportunity for industry and academia to meet and interact with each other.

 

“At IITGN, we are taught the concept of ‘Integration of Engineering’, where it is important for engineers of multiple disciplines to come and work together. The Networking Dinner will help us to take this concept to the next level,” Goel said.

Aman Singh, another team member of Amalthea 2016 said, “One of the founding principles of the summit is ‘Ideate and Innovate’. We need a very sophisticated approach to both these aspects for enhancement of the human society. This is precisely what we aim to achieve at Amalthea.”

Amalthea 2016 will also conduct a wide range of technical events to test and develop the skills of innovators and technology enthusiasts. D-Code, an online algorithmic programming contest is one such event.

 

A speed-cubing event will also be held in collaboration with the Speed Cubing Mumbai Unlimited (SCMU), a venture aimed towards the growth and development of speed cubing in India.

Seismism is another event in which the participants will develop earthquake resistant building models. These will be tested on a ‘Shake Table’, prepared specially by team Amalthea.

Know how to send money to your ward studying abroad

foreign education, education loan, study abroad, how to send money from india, foreign university, how to send money abroad, forex, foriegn exchange, money transfer, bookmyforex, education news, indian expressThe total amount of remittances in a financial year should not exceed $ 250,000 as far as education goes. (Thinkstock photo)

Studying abroad is one of the most thrilling experiences of one’s life. Most Indian parents cherish the thought of sending their child to a top foreign university for which they spend a lot of time planning and budgeting.

However, apart from getting a good score and being competent enough to handle the pressure of being amongst some of the most intelligent students in the world, finances are a critical aspect of studying abroad. Foreign payments for tuition, boarding and lodging as well as other overheads are vital to a seamless experience while studying abroad.

In India, foreign remittances for education form a huge part of the money sent abroad, as per the latest report by the Reserve Bank of India (RBI).

According to the HSBC survey (Value of Education Learning for Life report) – 88 per cent Indian parents want to send their children abroad for post-graduation. This figure stands way ahead of other Asian countries including Turkey (83 per cent), Malaysia and China (82 per cent each).

With these facts in mind, it becomes imperative that while dreaming of making it to a university of global repute overseas, parents and students are also updated on all the legal and regulatory aspects of foreign remittances for education.

Sending money to your ward:

Wiring money to one’s dear ones overseas is no longer as complex and intimidating as it used to be. With the emergence of new-age technology-backed currency exchange marketplaces, you can simply do a wire transfer or send a demand draft from one of India’s top banks in just a few minutes.  However, a few stipulations must be followed.

Foreign remittances can be made through a few prescribed methods such as NEFT and RTGS. Cheques are also acceptable but are subject to clearance. Similarly, the payments must be made directly to the partnering bank of the fintech company that you are using through your savings account only. The bank’s account details are typically provided through an automatic notification upon your reconfirmation of the transaction.

 

Documents required:

Checking your transaction eligibility is a must as is ensuring that all the required documents are in place. The total amount of remittances in a financial year should not exceed $250,000 as far as education goes.

The documents that you need to have in order include a valid passport and student visa, university offer letter and pan card. You need to visit the bank branch with original copies of these documents.

Currency fluctuations:

You can book in advance the rate at which you will be sending over the money depending upon the current currency exchange rate to protect your money from exchange rate fluctuations. Booking rates for payments is critical to ensure that you don’t end up blowing your budget. Rates can be frozen with banks until the third working day, after which they lapse.

Freezing of rates requires an adjustable/refundable advance of only one to two per cent of the amount you are sending to avoid cancellations/adjustment loss due to cancellations.

You can freeze rate only when you pay by cash. Payments by cheques, on the other hand, are only eligible for open rates.

 

Finer points to be kept in mind:

While the ones listed above are the most critical aspects of foreign payments, there are several finer points that need to be paid attention to as well. For instance, if the address on your identity proof is not local, the bank may require a local residential proof such as a landline bill or an electricity bill.

Similarly, in case of international wire transfers, foreign intermediator banks could levy transaction charges. These are normally deducted from the transaction amount. However, you can choose to pay these charges upfront in Indian currency.

Keeping these aspects of foreign remittances in mind will help you plan better and avoid last-minute stress when the student is set to embark on his/her new journey. With the advent of new-age foreign remittance companies, parents and students are in for a much easier experience when looking at overseas remittance products. Information is available at a click and so are the services. All you need to do is be mindful of the basics and the rest will follow very conveniently.

Cabinet approves setting up of Higher Education Financing Agency

higher education, higher education india, union cabinet, union cabinet higher education, finance agency, higher education indian students, india news, education newsTo give a major push for creation of high quality infrastructure in premier educational institutions, the Union Cabinet on Monday approved the establishment of a Higher Education Financing Agency (HEFA).

“The HEFA would be jointly promoted by the identified promoter and the Ministry of Human Resource Development (MHRD) with an authorised capital of Rs 2,000 crore. The Government equity would be Rs 1,000 crore,” an official statement said, after the meeting of the union Cabinet, chaired by Prime Minister Narendra Modi.

The HEFA would be formed as a SPV within a PSU Bank or Government-owned-NBFC (Promoter). “It would leverage the equity to raise up to Rs 20,000 crore for funding projects for infrastructure and development of world class Labs in IITs/IIMs/NITs and such other institutions,” the statement added. The HEFA would also mobilise CSR funds from PSUs or corporates, which would in turn be released for promoting research and innovation in these institutions on grant basis.

The HEFA would finance the civil and lab infrastructure projects through a 10-year loan. The principal portion of the loan will be repaid through the ‘internal accruals’ (earned through the fee receipts, research earnings etc) of the institutions. The government would service the interest portion through the regular Plan assistance.

All the centrally funded higher educational institutions would be eligible for joining as members of the HEFA. For joining as members, the institution should agree to escrow a specific amount from their internal accruals to HEFA for a period of 10 years.

 

This secured future flows would be securitised by the HEFA for mobilising the funds from the market. Each member institution would be eligible for a credit limit as decided by HEFA based on the amount agreed to be escrowed from the internal accruals, the statement said.

Interpretation of verse in Hindi textbook ‘disturbs’ Muslim students

hindi, hindi textbook, hindi book, book, textbook, Gujarat schools, gujarat education, news, latest news, India news, national newsKandolkar says his Muslim students have strongly objected to this interpretation. The letter was written last month. (File)

A teacher has written to the Gujarat State School Textbook Board (GSSTB) and the Gujarat Secondary and Higher Secondary Education Board (GSHSEB), pointing out “errors” in the Class IX Hindi textbook, including mistakes in a verse by poet Tulsidas, and its interpretation which has “disturbed” his Muslim students. Devendra Kandolkar, who runs informal classes for children residing in the coastal areas of Kutch, in his letter listed errors in the book regarding grammar and punctuation, and to a particular interpretation of a verse by Tulsidas from Vinay Patrika.

Chapter 17 — ‘Tulsi ke pad’ — has sampled a famous verse titled ‘Jau kahan taji charan tumhare’, which wrongly quotes the line “Khag, mrug, vyadh , pashaan, vitap jadyavan kavan sur taarey” as “Khag, mrug, byadh, pashaan, bitap jad, javan kavan sur taarey”.  The interpretation of the line at the end of the chapter explained the word ‘javan’’: “A young man; it is said that a Muslim died after being attacked by a boar and in his last breath he uttered the word ‘haram’. The utterance, of the word ‘Ram’ even if inadvertently, gave him salvation.”

Kandolkar says his Muslim students have strongly objected to this interpretation. The letter was written last month.

“Not only there are factual errors in the chapters, but also several mistakes in the 26-line foreword by the GSSTB. What has been bothering the students and teachers is the explanation of ‘javan’. A student stood up in my class and asked why such an explanation is used when our religion and the Quran does not allow to believe in any other form of God other than Allah? How can this chapter preach such a thing?,” he told The Indian Express.

When contacted, the GSSTB chairman Nitin Pethani said that if there are such errors, the book will soon be reviewed. The textbook board director H N Chavda said, “It is part of the explanation to references like ‘khag’, ‘mrug;’, ‘vyadh’, ‘pashaan’, ‘bitap’ and ‘javan’ about who attained salvation by Lord Ram and there is nothing out of place in content.”

 

Chavda, however, agreed that the GSSTB could have done away with such content that disturbed religious sentiments.  He also directed the subject expert committee head to look into the matter and ensure efficient checks before approving content for the textbooks.

The factual errors include wrong spellings of authors, words and punctuation, that lead to a complete change of meaning. Besides, famous author Sudarshan’s birth and death year has been printed as 1968. For instance, samjhaiye is spelt as samjaiye, taskaari as tarkaari, rashtriya as rastriya. Vidhya is used in place of vidha, dhav in place of ghav (wound), dhor (cattle) in place of ghor (grave), vidh in place of vish.

IITs to count PhD scholars as faculty to improve student-teacher ratio

IIT, IIT faculty, IIT student teacher ratio, IIT teachers, IIT Phd, Phd at IIT, iit phd students, hrd ministry, prakash javadekar, iit educationCurrently, there are 2,600 faculty positions lying vacant across all IITs.

The Indian Institutes of Technology (IITs) will now count their doctoral students as part of their faculty in a bid to improve their student-teacher ratio.

The decision was taken at the last meeting of the IIT Council held on August 23. Sources said that the HRD Minister Prakash Javadekar has accepted the proposal to count five PhD students at as one faculty member at any IIT for the purpose of calculating the student-teacher ratio. The decision will be notified soon and will also be communicated to ranking agencies such as Times Higher Education and Quacquareli Symonds(QS).

“Every PhD scholar has to teach undergraduate students for 10 hours per week. A regular IIT faculty member has a teaching workload of 40 hours per week. So five research scholars can easily be counted as one faculty member for the purpose of faculty-student ratio. Renowned institutions such as Stanford and MIT also do this,” said a senior HRD Ministry official, on the condition of anonymity.

Currently, there are 2,600 faculty positions lying vacant across all IITs. The student-teacher ratio stands at 15:1 as against a desirable 10:1. Once the proposal implemented, the 26,000 PhD scholars at IITs will count as an additional 5,000 faculty members. “This will help the IITs achieve the desired faculty student ratio,” the official added.

 

The HRD Ministry hopes that an improved student-teacher ratio this will also help better the performance of IITs in the international rankings. Out of the seven IITs which figured in the top 700 of the QS world rankings this year, six have slipped several places compared to last year. IIT Madras was the only exception which improved its ranking by five places to join the top 250 club.

Supreme Court orders status quo on medical counselling in Madhya Pradesh

ssc chsl, ssc, ssc chsl 2016, ssccgls exam date, ssc chsl exam pattern, ssc chsl 2016, ssc.nic.in, ssc chsl results, ssc chsl tier 1, ssc chsl tier 2, ssc chsl tier 3, ssc chsl recruitment 2015, ssc chsl result date, staff selection commission, ssc combined higher secondary level exam, combined higher exam, ssc.nic, ssc.nic.inThe Supreme Court on Wednesday ordered status quo in admission to undergraduate medical courses in private medical institutes in Madhya Pradesh on a contempt plea by the state government.

The Madhya Pradesh government had contended that private medical colleges were not admitting students on the basis of centralised counselling conducted by it. The constitution bench headed by Justice Anil R Dave issued notice to the private medical colleges, their association and deemed universities based in the state returnable before September 19 when the bench would hear the contempt plea.

The order of status quo is effective both on the counselling being conducted by the respective private medical colleges and the centralised counselling done by the state government.

On September 8, the state government lawyer Saurabh Mishra told the bench that the associations of private medical and dental colleges and private universities had, through notices in newspapers, said those desirous of taking admissions in their colleges will have to participate in separate counselling sessions held by the respective colleges and not the common counselling conducted by the state government.

The counsel said the notices by the Association of Privates Medical and Dental Colleges and the Association of Private Universities of Madhya Pradesh appeared in newspapers on September 2.

 

The government said the top Court in its May 2 judgment had said that the centralised counselling by the state government does not violate any fundamental right and is in public interest.

The petition said that by its September 2 communication to the state government, the Association of Privates Medical and Dental Colleges said they will hold their own counselling as that being conducted by the state government was not in accordance with law. The communication said that each college will conduct its own counselling.

The petition by the Madhya Pradesh government says that the Centre by its August 9 circular had directed combined centralised counselling on the basis of merit achieved in National Eligibility Entrance Test (NEET).

Monkeys stealing food, clothes of IIT Bombay students

IIT, Indian Institute of Technology, IIT Bombay, Bombay IIT, IIt Placements, IIT Bombay placements, All-IIT Placement Council, Placement council, companies, Placement companies, education newsWhile the IIT Bombay’s campus is known for its lush greenery, unfortunately the prestigious institute is facing trouble due to the aggressive behaviour of monkeys.

Located next to the Sanjay Gandhi National Park, students are complaining of too much attacks by monkeys on the lookout for food. “Since after several students complained of the aggressive behaviour of monkeys, we have approached Brihanmumbai Municipal Corporation (BMC) and forest authorities,” IIT-B spokesperson Falguni Benerjee-Naha said.

“Monkeys have always been a part of the IIT ecosystem. It is only of late that their aggressive behaviour has become a cause of concern,” she said. While the campus has the occasional leopards straying from the adjoining national park, monkeys are more frequent visitors.

The students are mentioned that if they leave for their class without locking the rooms, the monkeys will enter and will ruin their clother and other belongings. A lot of them have complained of stolen clothes, food etc from the hostel rooms. In fact, some students were even chased by troops of monkeys.

 

A student wrote about the monkey menace in the IIT-B in-house magazine ‘Insight’ said. When the students approached the administrative authorities of the campus, they were blamed for inviting trouble by feeding monkeys. “It leaves us wondering why the authorities think that at 8:30 am we’ll be feeding monkeys, when we haven’t had the time to eat breakfast before dashing to class,” read an article in Insight.

The general secretary of one of the hostels has approached BMC who suggested to burn crackers to keep the scamps at bay.

CAG raps Punjab for lack of regulatory mechanism for pvt univs

Surat flyover, Surat bridge, Surat flyover collapse, CAG, Surat Municipal corporation, SMC, Gujarat government, Gujarat newsThe Madhya Pradesh Chief Minister Shivraj Singh Chouhan has said that his government will support the toppers of Class 12 to help them prepare for competitive exams.

“The government will extend support to the toppers of Class 12 to help them prepare for the Union Public Service Commission (UPSC) examination and also announced a scheme in this regard,” an official of the state Public Relation department said today. The CM made the announcement at a scholarship distribution programme organised by a private news channel last evening.

The Minister for Water Resources and Public Relations, Narottam Mishra, Minister for Home and Transport Bhupendra Singh, Minister for School Education Vijay Shah, Mayor Alok Sharma and Bhopal MP Alok Sanjar among others were present at the event.

Exhorting girls to strive for knowledge and success in every field, Chouhan said the government would extend all possible help to them. Asserting that there will be no shortage of funds in providing education, he said his government was determined to improve the life of “daughters” in the state.

There are as many as 23 lakh girls in the state, who stand to get Rs 1 lakh monetary benefit under the Ladli Laxmi Yojana (LLY), he said.

 

A new innovative scheme has been introduced to promote talent, Chouhan said adding, “the government will pay the fees of students, who get admissions in premier national institutes through all India competition.”

He also underlined the need to remove gender disparity, saying it was not a part of Indian culture.