India to have seven new IIMs

New Delhi, Aug 27 (ANI): The Union Cabinet on Thursday approved the setting up of seven new Indian Institute’s of Management (IIMs).

Information and Broadcasting Minister Ambika Soni said an allocation of Rs 451 crore as non-recurring expenditure and Rs 118 crore as recurring expenditure has been sanctioned for the first phase.

Four of these to be set up each in Trichurapally in Tamil Nadu, Ranchi in Jharkand, Raipur in Chhattisgarh and Rohtak in Haryana. All will have session in the next academic session of 2010-11.

The location of IIMs in Uttarakhand, Jammu and Kashmir and Rajasthan is yet to be finalsied. (ANI)

Bank of Baroda | Bank of Baroda Recruitment | Bank of Baroda Recruitment 2009 | Bank of Baroda Jobs | Bank of Baroda Jobs 2009 | Public Sector Banks | Jobs in Public Sector Banks

Bank of Baroda | Bank of Baroda Recruitment | Bank of Baroda Recruitment 2009 | Bank of Baroda Jobs | Bank of Baroda Jobs 2009 | Public Sector Banks | Jobs in Public Sector Banks

NEW DELHI: Bank of Baroda, the country’s third-largest public sector lender, is planning to recruit 3,500 people including officers during the current fiscal.

“We are going to recruit about 3,500 people by March 2010 including 2,000 clerks and 1,000 probationary officers,” Bank of Baroda Chairman and Managing Director M D Mallya told media.

Besides, the bank is going to do campus recruitment, he said, adding, “we are planning to go to reputed institutes like IIMs and IITs”.

As many as 200 management students and engineers will be hired during the year, he said.

In addition to this, the bank will recruit 250 agriculture officers.

To Read Entire Article Visit – http://economictimes.indiatimes.com/News/News-By-Industry/Bank-of-Baroda-to-hire-3500-people-by-March-2010/articleshow/4902513.cms

Kapil Sibal promises to implement higher education recommendations in 100 days

New Delhi June24 (ANI): Union Human resource Development Minister Kapil Sibal said here today that the recommendations given by the Prof Yashpal committee on Renovation and Rejuvenation of Higher education will be implemented in the first 100 days of the UPA Government.

The committee was constituted in February 2008 to study the functioning of different agencies in higher education and to suggest measures to restructure the system .

The committee had submitted its interim report in March this year.

The committee had observed that there is too much inspection, interference and delay in the dealings of universities with the state and central governments, and recommended for an efficient funding management of the higher education.

Prof Yashpal had suggested converting all IITs and IIMs as Universities. The committee felt that the universities should become self-regulating partners in managing the overall education system as continuous monitoring and inspection caused delays and led to corruption. (ANI)

Education panel wants UGC, AICTE scrapped

NEW DELHI: In an ambitious blueprint for reform of the education sector, the high-powered Yashpal Committee has recommended scrapping a whole lot of powerful bodies — University Grants Commission, All India Council for Technical Education, National Council for Teacher Education and Distance Education Council.

The committee, whose report is expected to serve as a template for measures to clean up the mess in higher education
, has also recommended that IITs/IIMs be turned into universities and a GRE like test be evolved for university education.

The committee said a plethora of regulatory bodies like UGC should be replaced by a super regulator: a seven-member Commission for Higher Education and Research (CHER) under an Act of Parliament. It has also recommended, obviously with a view to buffer the new regulator against political and other pressures, that the position of chairperson of the proposed commission should be analogous to that of election commissioners.

The high-powered committee was set up under renowned scientist Yashpal, a former UGC chairman, with the mandate to suggest measures for “renovation and rejuvenation” of higher education in the country.

It also said the jurisdiction of other regulators — Medical Council of India, Bar Council of India and others — be confined to administrative matters, with universities taking up their academic responsibilities.

Finalised on Monday and to be given to HRD minister Kapil Sibal on Wednesday, the report said that IITs and IIMs should be encouraged to diversify and expand their scope to work as full-fledged universities.

The panel also proposed a national testing scheme for university admissions on the lines of GRE which would be open to all aspirants and would be held more than once a year.

The proposed CHER, the report said, should first identify India’s 1,500 top colleges to upgrade them as universities and then create clusters of potentially good colleges to evolve as universities. Also, all levels of teacher education should be brought under the purview of higher education.

Expressing concern on the mushrooming of engineering and management colleges, that had “largely become business entities dispensing very poor quality education”, Yashpal committee lamented the growth of deemed universities and called for a complete ban on further grant of such status. Existing ones, the committee said, should be given three years to develop as a university and fulfil the prescribed accreditation norms.

Raising doubts about the source of funding of private education providers, the committee said mostly it was either “unaccounted wealth from business and political enterprises or from capitation fees”. It said the system of conferring academic designations as chancellors and vice-chancellors to members of the promoter’s family should be done away with. They should submit to a national accreditation system. However, the committee underlined the need for private investment in higher education.

Recommending curricular reform, the committee said teachers should have the freedom to design courses and students should be able to study subjects outside their courses.

Of the seven members of the proposed CHER, one would be an eminent professional from the world of industry. Chairperson and members will be selected by a committee headed by the PM, Leader of Opposition and the Chief Justice of India. Commission will have five divisions dealing with future directions, accreditation management, funding and development and new institutions. An eminent individual will head each division for five years.

Informa India brings global leaders’ series to India for the first time

Mumbai, May 15 (ANI/Business Wire India): Informa, the owners of information super-brands including Lloyd’s List, Taylor and Francis and Datamonitor, have announced the first Indian edition of the world’s largest series of leadership events.

Leaders business fora command audiences of 1000s of top corporate executives every year, with speakers most recently including Kofi Annan, CK Prahalad, Philip Kotler, Stephen Covey, Richard Branson and Steve Forbes.

Leaders in India, is the latest edition of what is widely regarded as the world’s largest series of business leadership events, which so far have taken place annually in major international cities including London and Dubai.

Informa, producers of the event, have received a particularly strong response from Indian and international organisations, with GE, JSW, Johnson and Johnson, Birla, Nokia and Abbot amongst many others already having confirmed their delegations to the event.

“India is one of the most dynamic markets of the world, where innovation, business, and technical acumen will continue to grow and thrive for many years to come,” said Trump Jr.. “I look forward to bringing many incredible projects to this market, which is now primed and ready for world class development.”

Donald Trump Jr., has announced ambitious plans for investment in India’s real estate sector, and will elaborate on successfully dealing with the obstacles faced by international companies when entering the Indian market.

Tom Peters, among the most influential management gurus of today, and renowned author of ‘In search of excellence’, will provide practical tools to tackle one of the most pressing issues on every CEO’s mind – ‘how to win the war for talent.’

In spite of a more favorable employer’s market at present, the ‘war for talent’ is expected to remain one of Indian business’ paramount challenges as the country continues to develop rapidly over the coming decades.

On why Informa has decided to bring ‘Leaders’ to India, Abhaey Singh, Managing Director, Informa India, said, “Indians are ideas people – we love inspiration, and Leaders in India will be two days packed with the proverbial tingles down your spine.”

“But more than just that, our country is gradually positioning itself at the fore of the 21st Century knowledge economy. From our legendary IITs and IIMs, to our booming media and information industry; and from complex analyses performed for global firms in our KPO centres, to continual advances in indigenous rocket science – India’s inherent knowledge resources are now being more comprehensively harnessed by and interconnected with Indian and global business. So we think it’s an excellent time to leverage the hugely respected Leaders brand into this very exciting country”, added Singh.

Featuring Indian leaders such as Adi Godrej, Kishore Biyani and Kiran Mazumdar Shaw, along with special guest speakers Abhinav Bindra and Shashi Tharoor, the event will also host The “IIBAAs” (Indo-International Business Achievement Awards), which has been instituted to acknowledge exceptional entrepreneurial and innovative talent, effective and responsible leadership and management, and the setting of new standards within Indian and global businesses. (ANI)

Prometric to expand India infrastructure in support of new multimillion-dollar contract with IIM

New Delhi, Apr 30 (ANI/Business Wire India): Prometric, the world’s leading provider of technology-enabled testing and assessment services, announced that it has been awarded an exclusive, 40 million dollars contract by the Indian Institutes of Management (IIM) to computerize the prestigious Common Admissions Test (CAT).

To efficiently deliver the first ever computerized version of the exam to over 250,000 Indian students this fall, Prometric will accelerate plans to further build out its people, services and technology infrastructure in India.

In assuming responsibility for all aspects of the CAT program, including item authoring, test development, test administration and scoring and reporting services, Prometric will add resources, including dedicated test development and support staff, in India. Complementing the 185 employees, test center network and other assets Prometric already operates in India, these additional new resources will provide a more powerful and rigorous means for the CAT, and any other test publishers looking at expansion in India, to leverage for growth.

The CAT is the premiere admissions test used in the selection process for admission to the Indian Institutes of Management, a network of India’s most prestigious business schools based in Ahmedabad, Bangalore, Calcutta, Indore, Kozhikode, Lucknow and Shillong.

Of the 250,000 students that take the exam each year, ultimately just over 1,500 are admitted to one of the IIMs. It is therefore one of the most competitive and high profile admission exam administrations in the world, requiring tight execution and secure exam delivery.

For the first time in history, instead of testing only one day a year, candidates will be able to test during a 10-day testing window across 23 Indian cities where secure computer-based testing centers specially prepared for the CAT exam are strategically positioned throughout the country.

The longer window and wider availability will provide candidates greater flexibility when choosing a testing date, time or location as well as near-ubiquitous access to testing locations. In addition, computerization of the CAT will result in faster score processing, enabling the IIMs and more than a hundred other Indian business schools that rely on the results to more quickly make their admissions decisions.

“The breadth of Prometric’s business is truly global, which means that our most valuable assets – our skilled employees, test center network, data centers and call centers – are distributed across many countries around the world; this is a huge advantage to all our clients and one they will never find with any other provider,” said Michael Brannick, President and CEO of Prometric.

“Our commitment to making global infrastructure investments that support our growth strategy has not waned at all, and creates a win-win situation for us and our clients,” added Brannick. (ANI)

IIM-L course fee to cost Rs 8 lakh

STUDENTS AT the Indian Institute of Management-Lucknow would now get original case studies from institutes like Harvard to study. But, they would have to shell out more money for studying them as the institute has decided to increase the fees of its flagship course – the postgraduate programme in management – by Rs 3 lakh.

Now, students would have to pay Rs 8 lakh instead of Rs 5 lakh, for the two-year course. The fee hike was okayed at a meeting of the finance committee of IIM-L board in New Delhi.

IIM-L director Devi Singh said, “Despite the hike, our fees continue to be low, compared with some other IIMs.” “So far, case studies and other study materials were procured from various places.

However, we have realised that using such case material without proper sanction might get us into trouble under the Copyright Act. Hence, it has been decided that we would purchase original case studies for our students.

” He said, “The expenses incurred on each student during the two-year stay comes to Rs 3 to 4 lakh. Expenses on procuring original case studies and other learning material for our students would mean an additional expense of Rs 40,000 per student.

Besides, we need money to provide better facilities to the students, improve our infrastructure etc,” he said. Another important reason that forced IIM-L to go in for such a steep hike (it was only Rs 50,000 last time) was, perhaps, Centre’s decision to stop the Rs 10 crore annual development grant to the management institute from this year.

IIM entrance test to be computer-based from next year

Kolkata, April 4 (IANS) Keeping in view the increasing number of management aspirants appearing for its Common Admission Test (CAT), the Indian Institutes of Management have decided to convert the examination into a computer-based test from the next year.

‘Managing CAT across the country has become a very complex activity that currently requires intense coordination among seven IIMs. In a few years from now, there would be several more IIMs joining the fold with a promise of making the process even more complex.

‘The IIMs have jointly decided to convert the paper-pencil test into a computer-based test from the next year so that valuable faculty time can be saved from purely administrative activities,’ IIM Calcutta director Shekhar Chaudhuri said during the annual convocation speech of the institute.

‘Our intake in the two-year full-time programme will increase to 408 during 2009-10 and 462 during 2010-11 in accordance with the OBC reservation policy. By 2012, there will be 924 students in this programme,’ he said.

IIM-L hikes fees by Rs 3L

Getting a management degree from Indian Institute of Management, Lucknow (IIM-L) is going to get dearer. On Friday, the top brass of IIM-L
announced an unprecedented hike in the fee structure for the two-year post-graduate diploma programme from Rs 5 lakh to Rs 8 lakh. The institute had increased the fee by Rs 50,000 last year.

The increase, 60% in this case, was announced after the finance committee of IIM-L gave its nod to the proposal.

Last Sunday, IIM-Ahmedabad increased the fees from Rs 11.5 lakh to Rs 12.5 lakh, citing rising cost of teaching.

IIM-L director Prof Devi Singh said the Centre had decided to stop development grant to the tune of Rs 10 crore given annually to the institute. The grant is given to institutes which are still in the development stage. The `bloc grant’ is stopped once an institute reaches the benchmark corpus of Rs 50 crore. “We are almost around that benchmark,” Prof Singh said.

The `bloc grant’ to older IIMs like IIM-Ahmedabad and IIM-Kolkota was withdrawn a few years ago. IIM-Ahmedabad and IIM-Kolkota, which went on to increase their fees then, now have a fee structure of Rs 12.5 lakh and Rs 9 lakh respectively.

The IIM-L management decided to expand facilities and the number of students admitted in the institute in the new academic year. Prof Singh said the number of students admitted this year would go up from 370 to 420. The institute had increased the number of new students by 50 last year.

She wanted to give women edge with education

Paramjit Kaur Gulshan is contesting the ensuing polls from Faridkot (reserved) Lok Sabha seat as Bathinda has been made a general constituency.

PROMISES GALORE: She promised to uplift the status of women in backward areas of Bathinda and Mansa districts through education. Her election agenda also included fight against female foeticide, setting up of an information technology institute and a modern hospital, improvement of economic conditions of farmers, weaker sections and traders and completion of Bathinda refinery to generate employment. Gulshan also promised to provide potable water to the residents, railway overbridges in Bathinda, Mansa, Rampura and Budhlada and revival of closed spinning and sugar mills.

WHAT SHE DELIVERED: Released liberal grants in education sector for infrastructural development from her MPLAD funds. Out of the sanctioned Rs 10 crore in five years, Gulshan released almost 100 per cent MPLAD funds, with only Rs 1 lakh being unutilised. She also released Rs 10.1-lakh MPLAD funds that were carried forward to her from her predecessor. Being member of the Railways Parliamentary Committee, she upgraded Bathinda railway station, was instrumental in starting Bathinda to Dhuri train and got Jammu-Ferozepur train route extended up to Bathinda. She also claimed to have got approval for railway under- and overbridges for Bathinda. Â

WHERE SHE FAILED: Information technology institute is nowhere in sight, modern hospital is still a distant dream and there has not been much improvement in the economic conditions of farmers and weaker sections. She did little to revive closed spinning and sugar mills.

ATTENDANCE IN LOK SABHA: Out of total 332 sittings in 15 sessions, Gulshan attended 226, which means her attendance was 68 per cent.

NUMBER OF QUESTION ASKED OR ISSUES TAKEN UP: Asked 21 questions on allocation of funds under the Prime Minister Rozgaar Yojana (PMRY), construction of ROBs, closure of industrial units, admission of SC/ST candidates to IITs and IIMs, filling of reserved quotas seats for SC/ST students, rural development projects, pending application for agricultural import,

subsidy on fertilisers, Bathinda refinery, payment of arrears to employees, funds under welfare schemes and grant for upgrade of urban

infrastructure.

OPINION: “She is an upright and honest person. The two politicians I admire are Paramjit Kaur Gulshan and Manpreet Badal. But at the same time I feel that they should be more expressive in airing their views,” says social activist Jagmohan Kaushal.

“Gulshan has done nothing for Bathinda. Cases of female foeticide are still being reported,” says Dr Vitull Gupta, human rights activist.

Votes secured by top three candidates in 2004 election

Paramjit Kaur Gulshan (SAD): 3,23,394

Kaushalya Chaman Bhaura of (CPI)-Congress alliance:Â 2,60,752

Sarabjeet Singh (SAD-A): 1,13,490

Total votes polled: 7,63,195

Arjun Singh to lay foundation stone of IIT, Indore today

Indore, Feb 17 (ANI): Human Resource Development Minister Arjun Singh will lay the foundation stone of the Indian Institute of Technology (IIT), Indore today. tate Chief Minister Shivraj Singh Chauhan will preside over the function.

With the opening of this institute, Indore will be the first city in the country to have both IIM and IIT.

The seven other new IITs have been set up in Andhra Pradesh, Bihar, Rajasthan, Punjab, Gujarat, Orissa (Bhubaneswar) and Himachal Pradesh.

An allocation of Rs. 2,000 crore has been provided in the XIth Plan and Rs. 50 crore has been allocated for 2008-09 for new IITs.

The Central Government has laid great emphasis on the advancement of higher education during the XIth Plan for which the outlays have been increased by ten times when compared to the Xth Plan outlays.

This higher allocation is being used for the creation of 30 Central Universities including 14 new National (World Class) universities; eight new IITs; seven new IIMs; five new Indian Institutes of Science Education and Research (IISERs); 20 new Indian Institutes of Information Technology (IIITs); two new Schools of Planning and Architecture; ten new NITs, Central assistance for establishing 1000 new polytechnics, including through PPP mode, and strengthening of 500 existing polytechnics. (ANI)

Arjun Singh to lay foundation stone of IIT, Bhubaneswar today

Bhubaneswar, Feb 12 (ANI): Human Resource Development Minister Arjun Singh will lay the foundation stone of the Indian Institute of Technology (IIT) here today.

The ceremony will be held at the construction site situated few kilometers south of Bhubaneswar at KANSAPADA ( Khudupur-Taraboi Road ) near Jatni Block Office, Khordha.

This new IIT at Bhubaneswar is part of the eight new IITs that have been established in the country by the Union Ministry of Human Resource Ministry.

Though the construction of the campus of IIT Bhubaneswar will follow the foundation laying ceremony, the IIT as such has already started functioning through its mentor IIT, which in this case is IIT Kharagpur.

The seven other new IITs have been set up in Andhra Pradesh, Bihar, Rajasthan, Punjab, Gujarat, Madhya Pradesh (Indore) and Himachal Pradesh.

An allocation of Rs. 2,000 crore has been provided in the XIth Plan and Rs. 50 crore has been allocated for 2008-09 for new IITs.

Orissa is also to get a new Central University under The Central Universities Ordinance, 2009 which was promulgated by the President of India on January 15, 2009.

The Central Government has laid great emphasis on the advancement of higher education during the XIth Plan for which the outlays have been increased by ten times when compared to the Xth Plan outlays.

This higher allocation is being used for the creation of 30 Central Universities including 14 new National (World Class) universities; eight new IITs; seven new IIMs; five new Indian Institutes of Science Education and Research (IISERs); 20 new Indian Institutes of Information Technology (IIITs); two new Schools of Planning and Architecture; ten new NITs, Central assistance for establishing 1000 new polytechnics, including through PPP mode, and strengthening of 500 existing polytechnics. (ANI)

Arjun Singh appeals to States to raise budgetary support for education

New Delhi, Feb.10, (ANI): Human Resource Development Minister Arjun Singh on Tuesday appealed to all States to raise their budgetary support for education and welcomed members who have been nominated to the reconstituted Central Advisory Board of Education (CABE) for the first time.

Addressing the education ministers of all States at the 55th meeting of the CABE, Singh stated that an outlay of Rs. 270 thousand crore has been made available for the Ministry of HRD for the XIth plan as against the Xth plan expenditure of Rs. 58,817 Crore.

He also detailed the public expenditure on education and said, “At present our public expenditure on education is approximately 3.57 percent of the GDP (2006-07), out of which the Central Government share is 0.84 percent and that of the States is 2.73 percent.

He also described the Sarva Shiksha Abhiyan and said, “This falgship programme, Sarva Shiksha Abhiyan (SSA) has achieved considerable success in its objective of Universalisation of Elementary Education with the cooperation of all the States. The Mid Day Meal programme has further helped to improve enrolment as well as retention in schools, apart from improving nutritional standards of school going children.

“The CABE Committees on “Unversalisation of Secondary Education” and CABE Committee on “Girls Education and Common School System” had recommended for making quality education available to all students in all schools at affordable fees. A centrally sponsored scheme to universalize access to quality education at secondary stage, called ‘Rashtriya Madhyamik Shiksha Abhiyan’(RMSA) has been launched,” he added.

Arjun Singh also mentioned the importance of higher education for the country and said, “Higher education has a vital importance for the country, as it is a powerful tool to build knowledge-based society. Ministry has set a target to enhance the Gross Enrolment Ratio in Higher Education by 5 percentage points by the end of the XIth Plan. To meet this target, Ministry shall need sustained efforts, both at the Central and State levels.”

“30 Central Universities including 14 new National universities, eight new IITs, seven new IIMs, five new Indian Institutes of Science Education and Research (IISERs), 20 new Indian Institutes of Information Technology (IIITs), two new Schools of Planning and Architecture and ten new NITs would be built during the plan,” he further added.

The Government has also revamped the National Monitoring Committee for Minorities Education. A Standing Committee of the NMCME has also been constituted to attend to the problems related to the education of minorities on an ongoing basis.

Singh concluded his speech with a request to all ministers to guide his ministry in taking positive steps for providing quality education for all. (ANI)

Arjun Singh to chair 55th meeting of Central Advisory Board of Education today

New Delhi, Feb 10 (ANI): Union Minister for Human Resource Development Arjun Singh will chair the 55th meeting of the Central Advisory Board of Education (CABE) here today.

M. A. A. Fatmi, Minister of State for School Education and Literacy and D. Purandeshwari, Minister of State for Higher Education (both Vice-Chairperson of CABE), Central Ministers of related Ministries and select Ministers in charge of Education from various States/ UTs will attend the meeting.

The Board also has representatives from different walks of life comprising eminent educationists, authors, artists, linguists apart from heads of different autonomous organizations and secretaries of different departments of the Government of India.

Today’s meeting will focus on review of various initiatives by the Ministry of Human Resource Development (HRD), both in school education and literacy as well as higher education.

The meeting will particularly focus on Sarva Shiksha Abhiyan – flagship programme for universalization of elementary education; Mid Day Meal Programme – meant for improving nutritional standards and health status of school-going children; and Rashtriya Madhyamik Shiksha Abhiyan for universalization of access to secondary education.

The meeting will also deliberate on efforts made by the Ministry of HRD for the right of children to free and compulsory education.

In the area of higher education, the CABE will deliberate on planning and progress in expansion of higher education envisaged under the 11th Five Year Plan.

The meeting is likely to focus on initiatives like opening of new Central Universities, Central assistance for the 374 new degree colleges in educationally backward districts, opening of new IITs, IIMs, NITs, IITSERs and IIITs, National Mission on Education through ICT, educational advancement of minorities and reforms in higher education.

CABE is the highest advisory body to advise the Central and State Governments in the field of education.

It has been reconstituted by the Government on December 12, 2008 with the mandate to review the progress of education and implementation of education policies and to advise regarding educational development in the country.

The CABE also acts as a forum for coordination and exchange of views between Central and State Governments/Union Territories and Non-Governmental Agencies on education policy and progress. (ANI)

Govt. likely to table Bill on Madarsa Board in next Parliament session: Arjun Singh

Allahabad, Jan.21 (ANI): Union Minister for Human Resource Development, Arjun Singh, on Thursday said that the government is contemplating to introduce a Bill on Central Madarsa Board in the next Parliament session.

“We are planning to bring the bill on Madarsa Board in the next session of Parliament”, Union HRD Minister Arjun Singh told mediapersons here.

The attempt is part of government’s attempt to standardise Madarsa education system in the country. The move to set up a Central Madarsa Board was initiated following the National Commission for Minorities Education’s recommendation made in April, 2007.

Singh, however, tried to evade a query seeking his view on the Vice-President Hamid Ansari’s statement suggesting a need to enact a new law on the lines of SC/ST Act to prevent atrocities against the minorities.

It’s his suggestion, Singh remarked.

Addressing the gathering earlier at a function held at the Nehru Gram Bharti Viswavidyalaya, a university set up with the aim of imparting education to rural youth, at Kotwa Jamunipur near Allahabad, the Union Minister Singh said the United Progressive Alliance (UPA) government was committed to provide the “best education in the world possible on our own soil”.

“With this aim in mind, we plan to spend Rs 90,000 crore on higher education alone in the 11th five-year-plan. During this period we wish to set up 16 central universities, eight IITs, seven IIMs and several IIITs and NITs. Our aim is also to ensure that every state in the country gets at least one central university,” Singh informed. (ANI)