Himachal Pradesh Govt. moves to produce IT friendly business landscape

New Delhi, Sep.18 (ANI): Recognizing the enormous potential of Information Technology in acting as a catalyst for the Tier – II growth of Suburban India, The Government of Himachal Pradesh (GoHP) is moving to produce an IT friendly business landscape.

To close the technological gap and nab the marquee, various initiatives are being put in place by the GoHP. Tax Breaks, Exemption from various duties and levies and imports are certain defined benefits for the industry to set base at Himachal Pradesh.

The IT Park cum Township falls will come up in Solan District of Solan, about 20 kilometres from Shimla.

The total area of the project is 64.73 acres. The site is located at a distance of four kilometers from Kiarighat. Kiarighat is on Chandigarh – Shimla highway (NH-22) on midway between Solan and Shimla at an approximately equal distance of 23 kilometres.

Conceptualized as an Integrated Development – offering both residential and commercial options, the project’s developmental contours will include built-up IT space of 1.1 million square feet. Built to suit plots for IT in 9.5 acres of land, a township for of 1.31 million square feet, a project cost of 408 crore rupees.

Commercially structured on the Public Private Partnership format. The developer shall be responsible for designing,financing, constructing, operating, maintaining and development of the IT Park cum Township at Waknaghat.

The implementing agency will be the Department of Information Technology, Government of Himachal Pradesh.

To promote the project and the township, an investor Meet will be held in Delhi on September 23. A visit to the site will be organised on September 30, while a pre-bid meeting will be held on October 3, 2009.

The last date for submission of proposal is October 26. (ANI)

Indian students demand welfare measures from Oz Govt

Sydney, Sep. 6 (ANI): The Federation of Indian Students of Australia (FISA) on Sunday urged the Australian Government to take steps for the welfare of students who are stranded after the closure of private colleges.

The FISA blamed Deputy Prime Minister Julia Gillard for failing to stop “the spin on the state of affairs” within her portfolio of Education.

“It is unfortunate that someone in the position of Deputy Prime Minister will lie in public. Her actions are causing great despair amongst students and eliminating their faith in the institutional robustness of Australian governance,” Hardeep Kaur student of an affected college (Sterling College) and a FISA Representative, said.

The FISA is providing support to students of the collapsed Australian educational institute that has left hundreds of students stranded.

According to the organization representing Indian students, the Australian Council of Private Education and Training (ACPET) and the NSW government authorities had repeatedly assured the students of organising alternate arrangement within 28 days, but nothing had happened.

Kaur said ACPET CEO Andrew Smith had told them that the case of 300 Community Welfare students of Sterling College is now being dealt by the Education Services for Overseas Students Act.

She said FISA sent an email to DEEWR authorities but they were still waiting for any response.

“The level of frustration amongst student is high. Many students are facing double jeopardy in that their visas and medical insurance have expired,” she said.

Kaur also called on the government to consider human rights as a vital component of society.

“Any student death will be the direct responsibility of the negligence of the Deputy PM and her ineffective structures such as DEEWR and ACPET. All deaths that are avoidable must be avoided or they should be treated as killings,” she said. (ANI)

Australia’s crackdown on rogue colleges could affect thousands of Indian students

Melbourne, Aug.20 (ANI): The Australian Government proposed crackdown on vocational colleges and universities could leave thousands of international students, especially those from India, looking for somewhere else to study or needing refunds as rogue operators are shut down.

In a move to root out unscrupulous operators in the visa-driven sector, Education Minister and Deputy Prime Minister Julia Gillard yesterday introduced legislative changes forcing all 1300 registered colleges and universities to re-register under tighter guidelines.

A rash of shutdowns by colleges that fail to meet the new standards will leave the industry having to find new places for students or footing the bill for refunds.

The move is likely to be greeted with caution by the states.

Victoria last night expressed concern the proposed changes could complicate its own “rapid audits” of the sector.

To re-register under the Commonwealth Register of Institutions and Courses for Overseas Students, providers will have to demonstrate a commitment to education and standards. They must re-register by the end of next year.

Gillard told parliament: “The message to providers is: if you are not providing your students with a quality education in a safe environment, clean up your act or risk being shut down.”

The country’s elite universities this week called on the government’s new Tertiary Education Quality and Standards Agency to take over the lead from the states in cleaning up the system.

In its submission to a Senate inquiry, the Group of Eight universities accused the states of showing a “lack of interest” in enforcing the commonwealth’s Education Services for Overseas Students Act that Gillard is amending.

The Australian Council for Private Education and Training said a clear plan, and possibly additional support, would be needed to protect students if there were a significant number of shutdowns.

This year a spate of assaults on Indian students and widespread reporting of student exploitation have damaged the reputation of the 15 billion dollar industry, Australia’s third-largest export earner. (ANI)

AYUSH to be integrated with mainstream health services

New Delhi, Aug 13 (ANI): The Cabinet Committee on Economic Affairs (CCEA) today approved the continuation of the Centrally Sponsored Scheme for AYUSH Hospitals and Dispensaries.

This was introduced during the 10th Five Year Plan with certain modifications for supporting the mainstreaming of AYUSH under the National Rural Health Mission (NRHM) at a total expenditure of Rs.650 crore.

The basic objectives of the scheme are to encourage the opening of general and specialized AYUSH treatment centers in allopathic hospitals with a view to integrate AYUSH health services with mainstream health services in the country, and to provide assistance to the State Government for the procurement and supply of essential drugs to AYUSH hospitals and dispensaries.

The scheme envisages provisions of the preventive, promotive and curative healthcare covering Ayurveda, yoga and naturopathy, Unani, Siddha and Hemoeopathy all over country.

Under the scheme grants-in-aid will be provided to the State / Union Territory Governments for the following activities:

(i) Establishment of System Specific Outdoor Treatment Centres in the Primary Health Centres (PHCs).

(ii) Establishment of AYUSH Specialized Therapy Centre with Hospitalization Facilities in the Community Health Centres (CHCs) with IPD facilities.

(iii) Setting up of AYUSH Wings in Districts Hospitals (DHs)

(iv) Supply of Essential Drugs to Hospitals and Dispensaries.

(v) Upgradation of AYUSH Hospitals / dispensaries other than PHCs/CHC/DHs at the District/Sub-district level.

(vi) Setting up of Specialized AYUSH facilities in Government Tertiary Care AYUSH Hospitals with Public Private Partnership (PPP).

(vii) Providing Managerial assistance at the Central/State levels and other facilities to support the mainstreaming of AYUSH under NRHM.

The approval will facilitate the mainstreaming of AYUSH under the National Rural Health Mission by ensuring AYUSH services and quality drugs to the people in the rural areas.

It will also facilitate the revitalization of traditional systems of medicines at all levels.

The modified scheme will be implemented during the remaining three years of 11th Plan that is 2009-10 to 2011-12.

The scheme will facilitate the revitalization of the AYUSH sector, widen choice of people in availing quality health care and medicines.

It will strengthen AYUSH infrastructure and employment for medical practitioners.

The scheme will provide AYUSH health care facilities to the people at large and will be implemented in all the State/Union Territories of the country. (ANI)

Another British soldier killed in Afghanistan, toll 196

London, Aug. 9 (ANI): A British soldier, from the 2nd Battalion the Mercian Regiment, was killed by an explosion in Helmand Province of Afghanistan, taking the death toll in Afghanistan since 2001 to 196.

According to reports, the soldier was on foot patrol at the time, and was killed by an Improvised Explosive Device (IED).

“Each and every loss that we sustain in Helmand sends reverberations throughout the brigade. Today, we mourn the loss of a soldier who died working to make Afghanistan a better place. He was prepared to make the ultimate sacrifice, displaying bravery that was second to none,” The Telegraph quoted Lieutenant Colonel Mark Wenham, spokesman for Task Force Helmand, as saying.

“Our thoughts are with his family and we offer them our deepest and heartfelt condolences at this tragic time,” he added.

Already five British soldiers have been killed in Afghanistan this month, it follows the record 22 fatalities in July.

The death comes two days after three Paras, Corporal Kevin Mulligan, Lance Corporal Dale Hopkins and Private Kyle Adams, were killed in southern Afghanistan.

The three were working with special forces at the time, and were carrying out a routine security patrol with Afghan forces.

A fourth member of the patrol injured in Thursday’s blast remained in a critical condition. (ANI)

ERNET India ~ ERNET India 2009 Recruitment ~ Jobs Opportunities in ERNET India in eis.ernet.in

ERNET India ~ ERNET India 2009 Recruitment ~ Jobs Opportunities in ERNET India in eis.ernet.in

ERNET India, an autonomous scientific society under Department of Information Technology invites applications for the following posts :

1. Senior Manager : 01 post, Pay Scale : Rs.37400-67000 Grade Pay Rs.8700
2. Manager : 02 posts, Pay Scale : Rs.15600-39100 Grade pay Rs.7600
3. Technical Assistant : 02 posts, Pay Scale : Rs.9300-34800 grade pay Rs.4200
4. Private Secretary : 01 post, Pay Scale : Rs.9300-34800 grade pay Rs.4200
5. Assistant : 02 posts, pay scale : Rs.9300-34800 grade pay Rs.4200
6. Stenographer : 05 posts, Pay Scale : Rs.5200-20200 grade pay Rs.2400

How to Apply :

Application in the prescribed format should be send with in 45 days with copies of certificates.

Visit http://www.eis.ernet.in/ for more details and application form.

DIET CET 2009 ~ 2009 DIET CET ~ 2009 Andhra Pradesh DIET CET ~ DIET CET 2009 Counseling ~ Andhra Pradesh DIET CET 2009 Counseling ~ Andhra Pradesh DIET CET 2009

DIET CET 2009 ~ 2009 DIET CET ~ 2009 Andhra Pradesh DIET CET ~ DIET CET 2009 Counseling ~ Andhra Pradesh DIET CET 2009 Counseling ~ Andhra Pradesh DIET CET 2009

DIET CET-2009 are informed to the qualified candidates to attend the counseling for admission into Govt. DIETs / Private Elementary Teacher Training Colleges for the year 2009-2011. Counseling Fee Rs.200/- and Registration Fee Rs.100/- for each candidate.

Give the Address below – Wesley Girls High School,

Opp Keys High School,

Near Secunderabad Railway Station.

The candidates should produce all the Certificates :

1) DIETCET-2009 Rank card & Hall Ticket

2) Pass Certificate

3) Date of Birth Certificate

4) Study Certificates

5) Integrated Community Certificate

6) Income Certificate of Parents

7) Residence Certificate

8 ) Transfer Certificate

EAMCET 2009 Notification ~ EAMCET Education Notification ~ EAMCET Counselling Notification ~ EAMCET 2009 Counselling Dates ~ EAMCET 2009 Counselling Schedule ~ www.apeamcet.org ~ Andhra Pradesh EAMCET 2009 Notification

EAMCET 2009 Notification ~ EAMCET Education Notification ~ EAMCET Counselling Notification ~ EAMCET 2009 Counselling Dates ~ EAMCET 2009 Counselling Schedule ~ www.apeamcet.org ~ Andhra Pradesh EAMCET 2009 Notification

Engineering Agriculture and Medicine Common Entrance Test is conducted by JNT University on behalf of APSCHE. This examination is the gateway for entry into various professional courses offered in Government/Private Colleges in Andhra Pradesh.

EAMCET Results are available on http://www.apeamcet.org/results.html

EAMCET 2009 Notification

Latest Notification about EAMCET 2009 is available on http://www.apeamcet.org/

Solar eclipse popularises astro-tourism in India

New Delhi, July 9 (ANI): After space tourism, it is astro-tourism that is catching up people’s fancy, courtesy the ensuing total solar eclipse.

Air charter and tourist operators in India are receiving an overwhelming response for chartered flights to view total solar eclipse of longest duration in 21st century.

All set to take place on July 22, the eclipse holds special interest for scientists and general public as its path of totality passes through thickly populated western, central, eastern and northeastern regions of India.

Cox and Kings, a travel agency claims that both amateur astronomers and others are booking for the Boeing-737 that they have hired for the two-hour journey from Delhi to Gaya in Bihar to watch the rare total solar eclipse.

Each ticket is priced at rupees 79,000 (around 1,618 dollars).

“Well, we have got very strong response. The airline that we are flying has 21 seats facing the sun and 21 more window seats, which are facing away from the sun, facing the earth. We call them the ‘sun side seats’ and the ‘earth side seats’. The sun side seats, which will have direct view of the eclipse, cost about 79,000 rupees. We are actually getting very strong response form the amateur astronomy circles in India, from the corporate world and a wide variety of audience,” said Nikhil Pawar, Scientific Officer, Space Technology and Education Private Limited, Mumbai.

On July 22, the moon will totally eclipse the sun after a decade. The next total solar eclipse will take place again only in 2034.

People on board these chartered flights can watch the eclipse for almost 10 times more than those on ground. And, there are reasons attributed to such a phenomenon.

“Theoretically the totality (of the eclipse) can be only 7 minutes 30 seconds. So that is the maximum you can get, if you are stationed at one place and during that period, by chasing the moon shadow they (people in airplanes) increase the time to 74 minutes that means almost ten times than the theoretically maximum possible,” Piyush Pandey, Director, Nehru Planetarium, Mumbai.

Meanwhile, hotel owners in Patna are preparing to welcome the rush of astro-tourist guests expected to halt here.

“The solar eclipse on the 22nd can be seen from Bihar. The tourists will come on the 21st and 12 rooms have been booked for them in our hotel,” said Vinay Pandey, owner Hotel Republic, Patna.

In India, the eclipse will commence soon after sunrise.

Surat and Vadodra in Gujarat, Indore and Bhopal in Madhya Pradesh apart from Varanasi in Uttar Pradesh and Patna in Bihar are stated to be the ideal locations for good views of the total solar eclipse.

It provides a rare opportunity to view and study this grand spectacle of nature. The partial phase of the eclipse will be visible throughout the country.

Astro-tourism comes as a surprise in a country where people for ages have been considering eclipses especially solar eclipses as bad omen.

The belief that the sun is at the mercy of two evil planets, Rahu and Ketu causing the eclipse, still prevails among a large section of people despite propagation of scientific temper among the masses. (ANI)

Toshiba Corporation set to enter Indian thermal power industry

Tokyo, July 8 (ANI/Business Wire India): Toshiba Corporation announced that Toshiba JSW Turbine and Generator Pvt. Ltd., a joint venture with JSW that will manufacture and market steam turbines and generators in India, has signed a Memorandum of Understanding (MOU) with the government of Tamil Nadu.

The MOU allows Toshiba JSW to lease land for the construction of manufacturing facilities on a site in Chennai.

Established in September last year, Toshiba JSW will manufacture and market mid- to large-sized steam turbines and generators, ranging in size from 500-megawatts (MW) to 1,000MW, for highly efficient super-critical thermal power plants in India.

Located about 18km north of downtown Chennai, the major gateway to south-east India, the site has a ground area of some 400,000 square meters, and Toshiba JSW expects to invest some US160 million dollars in plant and manufacturing equipment over five years from fiscal year 2009.

Facility construction is scheduled to start in this month, and manufacturing is expected to start in January 2011. Keihin Operations, Toshiba’s power equipment production facility in Yokohama, will support Toshiba JSW in ramping up manufacturing, and in working toward establishing an independent production scale of 3,000MW a year. Toshiba JSW anticipates sales of US$400 million by the end of fiscal year 2015.

Toshiba JSW will now begin to recruit staff, and expects to have 500 employees by 2014.

With support from the government of Tamil Nadu, Toshiba will build a state-of-the-art heavy equipment manufacturing facility in Chennai, and hopes to contribute to the further development of local industry and to help India in its efforts to promote stable electricity supply.

Strong Growth in the Indian market for thermal power generation equipment driven by strong economic growth, the Indian power generation equipment market is expected to see demand growth of 15,000-16,000 MW a year for the next decade, according to the Eleventh (2007-2012) and Twelfth (2012-2017) Five- Year National Electricity Plans published by the Indian government.

Coal-fired thermal power stations will account for over 60 percent of the capacity growth, far surpassing other energy sources, and 80 percent of those power stations will be highly efficient super-critical thermal power plants.

Consistent with its long-term growth strategy of enhancing its thermal power plant business in India, Toshiba India Private Ltd. will establish a new in-house company in Gurgaon, Haryana state in August, which will initially provide engineering capabilities for thermal power plants in India.

With time, the new company is expected to provide a full engineering, procurement and construction (EPC) functions for the thermal and hydro power plant business in India, and to support customers in Southeast Asia and the Middle East.

The new company will work closely with Toshiba JSW and with another Toshiba Group company in India, TPSC (India) Private Limited in Hyderabad, Andhra Pradesh, a wholly owned subsidiary of Toshiba Plant Systems and Services Corporation that undertakes construction of power plants, and will be charged with channeling Toshiba’s comprehensive capabilities in thermal power plant toward meeting growing demand in India. (ANI)

JBT Results ~ JBT Study Results 2009 ~ JBT CET 2008 ~ JBT CET 2008 2nd Education Counselling ~ JBT CET 2008 Provisional Study Merit Education List ~ hpeducationboard.nic.in

JBT Results ~ JBT Study Results 2009 ~ JBT CET 2008 ~  JBT CET 2008 2nd Education Counselling ~ JBT CET 2008 Provisional Study Merit Education List ~ hpeducationboard.nic.in

Himachal Pradesh Board of School Education has declared Provisional Merit List of State JBT CET 2008 for 13 Private Institutes for 2nd Counseling on Date 30/06/2009

This Merit List is available on -

http://www.hpeducationboard.nic.in/pdf/2009JBT2NDCOUNSELING.pdf

Other Links -

50 railway stations to be of world standard

New Delhi, July 3 (ANI): Presenting the Railway Budget 2009-10, Railway Minister Mamata Banerjee today said that about 50 stations are to be developed into world class stations with international level facilities.

Banerjee said that these stations would be developed through innovative financing and in Public Private Partnership mode.

Some of these stations are: CST Mumbai, Pune, Nagpur, Howrah, Sealdah, Bhubaneswar, New Delhi, Lucknow, Varanasi, Amritsar, Kanpur, Guwahati, Jaipur, Chennai Central, Tiruvananthapuram Central, Secunderabad, Tirupati, Bangalore City, Baiyapanahali (Bangalore), Ahmedabad, Bhopal, Habibganj, Gaya Jn., Agra Cantt., Mathura Jn., Chandigarh, Kolkata, New Jalpaiguri, Majerhat, Mangalore, Porbandar, Anand Vihar, Brijwasan, Ajmer and Puri.

Banerjee also announced the construction of Multi-Functional Complexes (MFCs) in station premises for providing rail users facilities like shopping, food stalls and restaurants.

The MFCs will also have book stalls, PCO/STD/ISD/Fax booths, medicine, budget hotels and underground parking.

She said that during this year, 50 such railway stations would be developed in places of pilgrimage, industry and tourist interest. “The responsibility for development of Multi-functional Complexes would be entrusted to IRCON and Rail Land Development Authority (RLDA),” she added.

The 49 identified stations to be developed as MFCs are: Alipurduar, Allahabad, Anandpur Sahib, Banspani, Bikaner, Bilaspur, Cuttack, Darjeeling, Dehradun, Digha, Durg, Ernakulum, Gandhidham, Ganga Sagar, Ghatsila, Gwalior, Hajur Sahib, Hubli, Hyderabad, Indore, Jabalpur, Jammu Tawi, Jasidih, Jhansi, Jodhpur, Kanyakumari, Kathgodam, Katra, Khajuraho, Madurai, Manmad, Mysore, Nanded, Nasik, Palakkad, Parasnath, Raebareily, Raipur, Rajgir, Rameshwaram, Ranchi, Shirdi, Silchar, Tarapith, Tiruchirapalli, Udaipur, Ujjain, Vadodara and Visakhapatnam. (ANI)

Paradip Port to have iron ore terminal

New Delhi, July 1 (ANI): An agreement has been signed between Paradip Port Trust and Blue Water Iron Ore Terminal Pvt. Ltd for construction of a deep draught iron ore terminal.

K. Raghuramaiah, Chairman, Paradip Port Trust signed the concession agreement on behalf of the Port and Harindar Pal Singh Banga, Vice-Chairman, Nobel Group signed on behalf of Special Purpose Vehicle (SPV) here today.

Union Cabinet Minister of Shipping G.K. Vasan and other senior officers including Secretary (Shipping) A.P.V.N. Sarma, Additional Secretary and Financial Advisor and Joint Secretary (Ports) were present on the occasion.

Under the agreement, the iron ore terminal will be developed by the concessionaire at an estimated cost of Rs. 506.30 crores.

Paradip Port will provide supporting facilities like dredging of channel and berth, railway lines and back-up area at an estimated cost of Rs. 85.05 crores.

Besides this, the Port will also incur an expenditure of Rs. 20 crores towards shifting of the CISF complex and Rs. 15 crores towards upgradation of electrical reception facilities in order to facilitate implementation of the project.

On completion of the iron ore terminal, capacity addition to the Port will be ten MTPA. Since the dredging of the channel is in progress and the depths at the proposed channel and berth will be 17.1meters, it will facilitate handling of cape size vessels upto 1, 25, 000 DWT.

The concessionaire, Blue Water Iron Ore Terminal Pvt. Ltd. have offered a revenue share of 36.802 per cent to the port during the concession period of 30 years.

The concessionaire will complete the construction of the project facilities within 36 months from the date of award of concession.

This is the first project under the Public Private Partnership (PPP) to be implemented in the port sector as per the new Model Concession Agreement approved by the Cabinet and the tariff has been fixed up front by the TAMP.

As part of the PPP scheme of Government of India, Paradip Port Trust floated global tenders for construction of deep draught Iron ore berth on BOT basis.

Five bidders were short listed including the successful bidder, the consortium of Noble Group Ltd., Gammon Infrastructure Projects Ltd. and MMTC for this port sector BOT project.

The consortium has formed a SPV, Blue Water Iron Ore Terminal Pvt. Ltd. under the companies act to implement the project. (ANI)

MBBS Rank List 2009 ~ TN Medical Rank List 2009 ~ Tamil Nadu MBBS Rank List 2009 ~ MBBS Merit List 2009 ~ Tamilnadu MBBS Merit List 2009 ~ 2009 MBBS RESULT

MBBS Rank List 2009 ~ TN Medical Rank List 2009 ~ Tamil Nadu MBBS Rank List 2009 ~ MBBS Merit List 2009 ~ Tamilnadu MBBS Merit List 2009 ~ 2009 MBBS RESULT

The first phase of counselling will begin on July 4 and go on till July 9. The candidates will be called as per merit, and allotted seats of their choice, based on availability of seats and colleges, following the rule of reservation. Individual call letters will also be sent to the students.

There are 1,483 seats in government medical colleges and 348 seats are part of government quota in private medical colleges. Another 560 seats are available with private, self-financing medical colleges in the State.

Tamilnadu Medical MBBS Rank List 2009 is available on – http://www.tnhealth.org/

Dibrugarh University ~ Dibrugarh University ~ Assam ~ Dibrugarh University Results ~ Dibrugarh University Result 2009 ~ Dibrugarh University BA, BCom & BSc Results 2009 ~ 2009 www.ceemedu.org

Dibrugarh University ~ Dibrugarh University ~ Assam ~ Dibrugarh University Results ~ Dibrugarh University Result 2009 ~ Dibrugarh University BA, BCom & BSc Results 2009 ~ 2009 www.ceemedu.org

University of Dibrugarh, Assam has declared Results of TDC part 2 B.Sc, B.Com and B.A results 2009 for Regular and Private Students.

These Results are available on http://www.ceemedu.org/

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.

Two killed in Thane chemical factory blast

Thane, May 12 (ANI): Two workers were killed in a massive blast, which gutted down a chemical factory in Ambernath area of western Thane on Tuesday.

The blast, which took place in the morning hours, caused extensive damage to the chemical factory named Thomas Baker Private Limited.

Eyewitnesses rushed to the floor after hearing the sound of the blast.

“I heard the voice of the blast while I was sitting in the office. Our production manager was declared dead at the hospital. A worker, Avinash Vani, was taken to the hospital and his condition was serious,” said Aliyas Satana, who works in the administrative department.

Police sources confirmed that two people were killed in the blast.

“The reality is that there are two dead and a few injured,” said Smita Pathak, Assistant Commisioner of Police, Ambernath.

The blast cause is unknown as of now, the local government has ordered an investigation into the incident.

In another incident, goods worth millions of rupees were destroyed in a fire at a five-storied cloth factory in Dombivali city of Maharashtra state.

Ten fire tenders were rushed to the spot and the fire at Indi Private Limited was brought under control after four hours.

No casualties were reported. (ANI)

Proceedings issued in relation to alleged libelous publications: HPGPL

Chennai, Apr 28 (ANI/Business Wire India): Hiranandani Palace Gardens Private Ltd (HPGPL) announced that it has issued proceedings against Laxey Partners Ltd and two of its directors in relation to alleged libelous statements contained in three recent publications.

In its claim, HPGPL is seeking damages and an injunction to restrain the defendants from further publishing the alleged defamatory words.

HPGPL is the Project Company incorporated in India which owns the Hiranandani Palace Gardens mixed-use township project in Chennai, one of the projects in which Hirco PLC has invested. (ANI)

Obama’s bailout plan for banks will probably fail’

The Obama administration’s bank-rescue efforts will probably fail because the programmes have been designed to help Wall Street rather than create a viable financial system, Nobel Prize-winning economist Joseph Stiglitz said.

“All the ingredients they have so far are weak, and there are several missing ingredients,” Stiglitz said in an interview on Thursday. The people who designed the plans are “either in the pocket of the banks or they’re incompetent.”

The Troubled Asset Relief Program, or TARP, isn’t large enough to recapitalise the banking system, and the administration hasn’t been direct in addressing that shortfall, he said. Stiglitz said there are conflicts of interest at the White House because some of Obama’s advisers have close ties to Wall Street. “We don’t have enough money, they don’t want to go back to Congress, and they don’t want to do it in an open way and they don’t want to get control of the banks, a set of constraints that will guarantee failure,” Stiglitz said.

The return to taxpayers from the TARP is as low as 25 cents on the dollar, he said. “The bank restructuring has been an absolute mess.” “Rather than continually buying small stakes in banks, weaker banks should be put through a receivership where the shareholders of the banks are wiped out and the bondholders become the shareholders, using taxpayer money to keep the institutions functioning,” he said.

Stiglitz won the Nobel in 2001 for showing that markets are inefficient when all parties in a transaction don’t have equal access to critical information, which is most of the time. His work is cited in more economic papers than that of any of his peers, according to a February ranking by Research Papers in Economics, an international database.

The Public-Private Investment Program, PPIP, designed to buy bad assets from banks, “is a really bad program,” Stiglitz said. It won’t accomplish the administration’s goal of establishing a price for illiquid assets clogging banks’ balance sheets, and instead will enrich investors while sticking taxpayers with huge losses.

“You’re really bailing out the shareholders and the bondholders,” he said. “Some of the people likely to be involved in this, like Pimco, are big bondholders,” he said, referring to Pacific Investment Management Co, California.

Recession-proof education sector beckoning PE, VC funds!

Despite the fact that the global downturn has virtually hit every sector of the economy, the education sector has largely escaped any major blows; and is beckoning private equity (PE) and venture capital (VC) funds!

According to a “Private Equity Pulse – Education” report by Venture Intelligence – a research service tracking private equity and M and A activity in India – the PE, VC investors are targeting the domestic education firms, after they have noticed a huge potential in the education arena.

Talking about the inclination of the investors towards the recession-proof education sector, Venture Intelligence CEO Arun Natarajan said: “In the current uncertain economic environment, the attractive and predictable rates of return of the education industry, is serving as a magnet for PE investors.”

Statistics indicate that more than 80 percent of fund managers are considering the option of investing in education companies in the coming months. While the education sector has, thus far, seen investments of nearly $300 million; the latent market size for private institutions is expected to be a whopping $40 billion!

Moreover, there has been a clear shift in the education-related investment activity. While it earlier centered on the outsourcing aspect, the present focus is on training institutes offering a domestic market opportunity – as is apparent from the recent investments by Gaja Capital partners, Helix and SAIF.