The government announced drastic changes in India's FDI policy, opening up the airline business to 100 percent ownership."India is now the most open economy in the world for foreign direct investment," Hon. Prime Minister Narendra Modi said. He further added, "Now most of the sectors would be under automatic approval route”. Barring the sectors on this list, FDI up to 49 per cent will be allowed automatically, marking an important shift in the way the policy is administered. The government had put acquisitions in the pharma space on the approval route following large-value purchases of Indian companies by overseas ones, triggering fears that essential drugs could become too expensive. Prof. Amit Medhekar
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Hon. Vinod Tawde, the education minister, Maharashtra state said, “The state government may soon recruit teachers and professors in aided educational institutes through a centralized system to make the process transparent”. Next week, the minister will hold a meeting with representatives of schools in Pune that registered 0% result in the board examinations to discuss how their performance can be elevated. He said the government would also address all the complaints pertaining to admissions to seats reserved under the RTE Act with priority. He further put forth that teachers' organizations are asking not to increase the retirement age of professors up to 62 years. Prof. Amit Medhekar
The Report of the Committee for Evolution of the New Education Policy put forth on demand board exams, two tier Class X Board Examination in Mathematics and Science and a single national entrance Test to allow Class XII pass-outs to seek admission to various courses. A 1-8 ranking scale for higher education institutes, a new higher education Act and 100 new centres of excellence are also among the key recommendations. Prof. Amit Medhekar
Union Minister for Human Resource Development, Smt. Smriti Zubin Irani dedicated ‘Vidyanjali’- a school volunteer programme to the nation at New Delhi, recently.She added that Vidyanjali is a step forward in creating a gamut of the educational system, wherein absorbing knowledge and improving learning curve. She also stressed on reducing the number of school dropouts. Vidyanjali, which is being bolstered by the Sarva Shiksha Abhiyan, will boost the community engagement with Government support for effectively engaging children in reading, creative writing, public speaking, play acting, preparing story books. Many of the eminent personalities extended their support to the initiative and encourage people to participate in the programme. Prof. Amit Medhekar
Microsoft Corp agreed to buy LinkedIn Corp for $26.2 billion in its biggest-ever deal, combining the software giant's fast-growing cloud services business with the world's largest online network for professionals. List is huge deals are as follows: Dell to buy EMC for $67 billion; Avago Technologies Ltd. buys Broadcom Corp. for $37 billion in 2016; Facebook buys WhatsApp for about $21.8 billion in 2014; Hewlett-Packard Co. buys Compaq for about $19 billion in 2002; Symantec Corp. buys Veritas for about $13.5 billion in 2005; Hewlett-Packard Co. buys Electronic Data Systems for about $13 billion in 2008; Google Inc. buys Motorola Mobility Holdings Inc. for $12.4 billion in 2012; Oracle Corp. buys PeopleSoft for $11.1 billion in 2005; Hewlett-Packard buys Autonomy for about $10 billion in 2011; Microsoft Corp. buys Skype for about $8.5 billion in 2011; Oracle Corp. buys Sun Microsystems for $7.4 billion in 2010 Prof. Amit Medhekar
IIT Madras and IIT Kanpur jumped 13 and 10 places, respectively, to be ranked in the top 50 universities’ rankings among Asian countries by QS, global higher education analysts. Among Indian universities featuring in the top-50 list in the QS University Rankings Asia, IIT Bombay and IIT Madras joined the likes of Indian Institute of Science (IISc) Bangalore (33), IIT Bombay (35) and IIT Delhi (36). The QS University Rankings Asia was expanded this year to include the region’s 350 best universities. In the overall rankings, the National University of Singapore and University of Hong Kong retained their first and second positions, respectively, for this year. Prof. Amit Medhekar
Certain responsible corporate employers have offered paid leave for social service to their keen employees. It is perceived that utmost of the generally does not cross the threshold of their AC cabins. Yet Employee volunteering is done for school-community liaison, support to NGOs is done under service program are initiated by employees. Applaud this able initiative!!! by the mentioned companies. “If you can do something you can do much”. What one does it would be bounced back with greater magnitude? Prof. Amit Medhekar
A sigh of relief for thousands of candidates, (AICTE) has made MCA and MSc graduates qualified for recruitment on teaching posts in engineering colleges. Several candidates had lost their jobs after AICTE debarred them from teaching. Making amendments in the rules, AICTE has released a new gazette notification permitting candidates, who have finished ME or M.Tech or Ph.D. in Computer Science/IT after acquiring MCA, MSc to take up teaching jobs. Many lecturers and assistant professors with similar qualifications earlier in jobs in technical institutions across the state had been facing unsure future. A good move!!! Prof. Amit Medhekar
EPFO's central provident fund commissioner V P Joy declares about active consideration of a proposal to accept the additional contribution towards `EPS 95' by employees. This is for getting enhanced benefits after retirement. This is towards its pension scheme, in addition to their employers' mandatory contributions. Once the proposal is sanctioned by the EPFO's central board of trustees, the employees would have an option to contribute towards `EPS 95' too. The proposal is accelerated with the enhanced paying capacity of a large number of subscribers. Thus voluntarily contribution towards EPS is permitted proved to be a windfall. Prof. Amit Medhekar
Librairie des puf, publisher university press of France has a novel business model of espresso book machine. The book published in front of eyes of the buyer is hardly printed in five minutes. Hence there is no storage problem and no wholesaler coordination. Tablets are used to select books. That allows the library to become digital one. About 3 million American titles based on demand and 5000 titles of Les puf are available. Prof. Amit Medhekar
The UGC has constituted the pay review commission for pay revision of academic staff of universities and colleges. The committee Headed by UGC member V S Chauhan would impact on about seven lakh teachers across the country in various State-run and deemed universities and colleges. The five-member committee will review the implementation of previous decisions of the government under the revision of pay scale scheme approved for academic staff. The committee has been constituted for addressing the increased protests by the educational fraternity to scrap the use of Academic Performance Index (API) for career progression. Prof. Amit Medhekar
“The University Grants Commission (UGC) has introduced a guideline stating that male students can now lodge a complaint against sexual harassment as well”. Self-respect is the basic essence in every relation. So presuming that only girls are a victim of stigma for sexual harassment may not be a reality in every case. So this possibility is rightly acknowledged. Masochism and self-humiliation of males may be avoided through this fair step. Confidentiality must be kept about it. This is a basic right for each gender. This step is commendable as “Male students got voice”. Prof. Amit Medhekar
Assam government today announced free education for students with family income less than Rs. one lakh per annum who are taking admissions in higher secondary, three-year degree and polytechnic diploma courses from this year. Assam Education Minister Himanta Biswa Sarma. He said this will cover 310 government and provincialised colleges across the state benefiting 50,000-60,000 students. Prof. Amit Medhekar
Young managers contribute better than old ones according to the survey. Knowing and exploiting the many strengths of this younger group generates a big prospect with higher performance and excellence. While younger leaders have challenges that will require focused efforts and leadership development to overcome, they bring tremendous benefits to the organization. Six characteristics of young managers are studied are as follows: 1.Welcome change, 2.Inspiring behavior. 3. Receptive to Feedback. 4. Continuous Improvement. 5. Results Focused. 6. Elevate Goals. Prof. Amit Medhekar
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