PM Modi asks banks to support Fintech

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February 26, 2021

Prime Minister Narendra Modi on Friday stressed the need for increased lending to businesses to meet the demands of a booming economy, saying that financial products must be adapted for fintech and startups. He said that although the government is willing to boost the private sector, the public sector still needs to be present in banking and insurance to support the poor.

During a webinar on financial services budget announcements, Modi said that he would help small and medium-sized businesses during the COVID pandemic. Micro, small and medium-sized enterprises (MSMEs) of 90 lakh received loans totaling Rs 2.4 trillion. “There is a need to support MSMEs and startups and expand the flow of credit to them. The government has implemented reforms and opened up sectors such as agriculture, coal, and space. It is now the responsibility of the financial sector to understand the aspirations of rural towns and small towns and make them the strength of Aatmanirbhar Bharat.

“As our economy grows and grows rapidly, credit flows have become just as important. We have to see that credit reaches new sectors, new entrepreneurs. Now he must focus on developing new and better financial products for startups and fintech, ”Modi said.

Also read: PM Modi gives students mantra of ‘Self-3’

Modi said that Kisan Credit has helped small farmers and those involved in animal husbandry learn about informal credit and said that the private sector now needs to think of innovative financial products for this part of society.

He said the government has a clear vision for the financial services sector and is taking steps to make it vibrant, proactive and strong. “The pace at which we must move the country forward in the 21st century is the proactive participation of the private sector. The government’s vision is clear on the financial sector, not a place for buts and yes. The government’s top priority is for all depositors and investors to enjoy trust and transparency, ”he said.

Pokhriyal: Free textbooks, tablets for Navodaya Vidyalaya students

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February 26, 2021

Union Education Minister Ramesh Pokhriyal attended the Navodaya Vidyalaya Samiti (NVS) executive committee meeting and announced that students in grades 6-12 will receive free textbooks as part of some new directives.

The NVS discussed various issues and guidelines related to the education of this Samitis. In addition to Ramesh Pokhriyal, the Minister of State for Education, Sanjay Dhotre, also attended the meeting.

Various topics were discussed during the meeting, for example, the provision of free textbooks for students in grades 6-12, free tablets for students in grade 9, and opportunities to raise CSR funds to improve dormitories and schools.

At the 40th session of the Executive Committee, it was also decided by the whole body that the elders of Navodaya Vidyalaya Samiti should be encouraged to adopt schools to make the flow of education more systematic and appropriate.

Also read: Pokhriyal discusses implementation of NEP in 54th meeting of IIT Council

During the meeting, the main point of discussion for the NVS was a special recruitment campaign for the Northeast, Himalayas, Jammu and Kashmir regions, the implementation of a new transfer policy starting next year and the revision of the recruitment rules for engineering executives.

In a statement on Twitter, the Ministry of Education wrote: “The Minister of Education, Dr. RP Nishank chaired the 40th session of the Navodaya Vidyalaya Samiti Executive Committee. Key Talking Points – A special recruiting drive for the Northeast, Himalayas and J&K will be offered to students in grades 9 and up. “

Speaking about educational projects at the 40th meeting in Samiti, Minister Sanjay Dhotre said that the infrastructure of schools established under the new policy should be improved as a matter of priority.

He also highlighted the importance of online education during the current pandemic scenario in the country. He said: “After Covid, security and precautions will continue. The dissemination of digital education must take into account access and quality aspects. “

Minister of Education, Govt. of India Shri @DrRPNishank chaired 40th meeting of executive committee of Navodaya Vidyalaya Samiti. Key discussion points – A special recruitment drive for North East, Himalayan regions & J&K. Tablets will be given to students class 9 onwards. pic.twitter.com/aYtxVrFAF7

— Ministry of Education (@EduMinOfIndia) February 25, 2021

Ireland govt announces scholarships for Indian students

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February 26, 2021

The government of Ireland announced UG and PG scholarships worth 12, 00, 000 Euros for Indian students. It will host a virtual showcase (an education fair) on February 27 to bring together 20 of Ireland’s top higher education institutions with prospective students from all across India and Sri Lanka.

The scholarship amount marked for Sri Lankan students is 3, 00, 000 lakh Euros, read the statement issued by the government.

“There are various choices with regards to scholarships. Firstly, the higher education institutes of Ireland themselves are offering merit based scholarships. “Besides, Education in Ireland, as a national brand, will be giving scholarships to 10 Indian students on the day of the showcase,” said Giles O’Neill, Director of Education In Ireland.

Also read: Cabinet nod to continue minority scholarships

The virtual showcase, an event specifically for students in South Asia, includes 20 of Ireland’s top higher education institutions, that are offering globally recognized UG and PG programmes in business, science, engineering and humanities. Officials from the Irish Visa Office in New Delhi will also speak and participate at the event, it said.

The institutes participating in the virtual showcase include Institute of Technology Carlow, Trinity College, Dublin, Griffith College, Athlone Institute of Technology, University College Cork and Dundalk Institute of Technology.

“We are glad to announce the second virtual showcase of Education in Ireland. These courses prove to be an ideal stage to offer students continuous real-time meetings, live Q&A sessions, audio and video chats with the faculty and experts of the institutions in addition to assisting the students to boost commitment in a more viable way,” said Barry O’Driscoll, regional manager, India & South Asia for Education in Ireland.

AP Govt to implement CBSE system for Classes 1 to 7 from 2021-22

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February 25, 2021

The Andhra Pradesh government has decided to introduce the CBSE system for grades 1-7 in all schools from the 2021-22 school year. The system is gradually expanding from eighth to tenth grade. By 2024, all grades 1-10 will be under CBSE, according to a statement from the chief ministers’ office.

The ruling is part of an ongoing legal dispute before the Supreme Court against the conversion of all public schools in grades 1-6 to the English language. Prime Minister YS Jagan Mohan Reddy’s recent decision to join the Central Council for Secondary Education is seen as a smart move to abolish Telugu education entirely. Under CBSE, Telugu is just one subject and the program is taught in Hindi or English. The government has not indicated whether it will abolish the national program entirely or introduce the CBSE system in parallel. While Senior Secretary (Education) B Rajsekhar did not respond to questions, a senior department official told that the introduction of the CBSE system was “just a suggestion.”

Also read: Delhi DoE to CBSE board aspirants: Fill answer sheets with anything

This is just one of the proposals that we discussed in a meeting with the chief minister. We need to consider the pros and cons before proceeding, so no final decision has been made on this,” the official said. But the CMO made it clear in its press release that “the state government will implement the CBSE system for the 2021-2022 academic year.”

Unique online school “Cyboard School” launches in India

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February 25, 2021

A unique online school called Cyboard School has been launched in India. It’s the brainchild of two entrepreneurs and visionaries, named Rajat Singhal, co-founder and CEO, and Kunal Singhal, co-founder and CTO.

The standout feature is a hybrid delivery model that includes a mix of online courses, followed by physical warehouses running 30 days a year and some city-level interactions. The school aims to enroll about 5,000 students in Standards 1-3 by the end of March 2021 and gain 1% of India’s K-12 market share by 2025. The goal is to overcome the disadvantages of education Mainstream K-12, including lack of personalized student learning, lack of necessary infrastructure and good teachers, limited interaction between students and teachers, and increasing reliance on tuition rates and the provision of futuristic education to students through state-of-the-art infrastructure, competent teachers, regardless of geographical barriers.

“India has one of the largest education systems in the world. The K-12 online segment is expected to be nearly 3.7 times its current size of $ 1.16 billion to $ 4.3 billion by 2025. The COVID-19 pandemic has underlined the importance of digitization in all sectors and education is no exception, ”said Rajat Singhal, co-founder of Cyboard School.

Also read: UGC launches Toycathon 2021 for students, teachers

“We are excited to embark on this new journey to facilitate access to education everywhere. With a hybrid model, personalized attention and the use of cutting-edge technology, Cyboard School overcomes the drawbacks of formal education, ”he added.

Cyboard School begins with grades 1, 2, and 3. Using the latest technology, an updated curriculum, and the latest pedagogy to provide personalized attention to students are some of its unique value propositions. The school encourages adaptive learning to create a strong conceptual foundation, eliminating the need for external lessons. It also uses AI for facial recognition and body language assessment.

The school is based on a monthly fee model. Advanced technological solutions guarantee economies of scale.

Haryana Schools to reopen for class 1 and 2 from March 1

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February 25, 2021

The Haryana state government will begin classes for first and second grade students on March 1, 2021, while schools will reopen for third and fifth grade students on February 24, 2021. Public schools have reopened to students in stages, upper secondary and upper secondary students first be called to follow physical classes. Classes for students are reportedly held from 3 p.m. at 5 p.m. from 10 a.m. at 1:30 p.m.

Parents of students attending classes must provide the school principal or classroom teacher with a consent letter before sending the students to schools. However, parents also have the option to continue with students’ online classes if they see fit, as the government has ruled that schools cannot force parents to send their children to school.

Also read: Haryana to reopen classes for primary students from new academic session

Schools for students in grades 6-12 have already started across the state in recent months following the COVID-19 pandemic protocols. The state government then made the decision to reopen schools for students in grades 3-5, and the students attending the class were also asked to review the COVID-19 pandemic guidelines issued by the state government and central to follow published standard operating instructions.

Schools are divided into three wings for better management. If a student tests positive for COVID in a particular wing, that wing will be closed for 10 days and the entire school will be renewed. If more than one wing tests positive for COVID, the entire school will be closed for 10 days.

DoE: No offline exams up to Class 8 in Delhi govt schools

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February 25, 2021

The Delhi government issued guidelines for its schools to rank students up to the eighth grade, excluding offline exams and instead requiring that they grade students on projects and assignments.

The Directorate of Education (DoE) guidelines have been issued to government-run and supported schools for evaluation for the 2020-2021 academic session where schools were closed due to the COVID-19 pandemic and all teaching activities and learning took place online.

The DoE has also made it clear that students currently enrolled through the eighth grade must be promoted to the next grade. However, the objective of the evaluation is to understand the impact of the alternative learning approach that had to be applied in the circumstances of this year. Additionally, data evaluation also helps determine course content and learning strategies for the next session.

According to government officials, private schools will create their own schedules and terms themselves.

“As there was no classroom teaching and learning at the elementary and intermediate levels, the formal nature of the paper-to-paper assessment is replaced by a thematic assessment of projects and assignments for grades 3-8, the DoE said in a command official.

Also read: DoE asks Delhi schools to teach students on green Diwali

According to the guidelines, 30 points are awarded for grades 3-5 for worksheet-based assessment, 30 for homework assigned during winter break, and 40 for assignments and projects provided March 1-15.

Additionally, grades 6-8 receive 20 points for worksheet assessment, 30 for assignments turned in during winter break, and 50 for assignments and projects available March 1-15.

The board examinations for Classes 10 and 12 will be conducted from May 4. The students of Classes 9 and 11 will have offline exams in accordance with the schedule decided by the schools.

HSNC University’s School of Real Estate will offer certificate courses

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February 25, 2021

HSNC University has launched a School of Real Estate to run certificate courses for undergraduate students.

The certificate courses launched are a door for career in real estate industry under the mastery of Niranjan Hiranandani School of Real Estate (NHSRE).

To begin with, NHSRE offers a Certificate Course in RERA Compliance and a Certificate Course in Real Estate Entrepreneurship for not just undergraduate students but also postgraduate alumni, professionals and every individual who wishes to hone one’s knowledge and skills in the sector. The experts will use a blended approach of online and offline teaching for the period of 2 months through 30 sessions during the weekends.

Also read: HSNC University lauds the National Education Policy 2020

Exuberant while announcing the multi-disciplinary approach to learn the development and management of real estate sector, Dr. Niranjan Hiranandani, Provost – HSNC University stated, “Real Estate is the fastest growing business opportunity nationally, that offers scope of development for entrepreneurs, employees, and professionals while striving to preserve natural surroundings and setting benchmarks at the same time. By introducing the Niranjan Hiranandani School of Real Estate, HSNC University recognizes the immense potential of real estate and the lack of specialized educational curriculum and learning for students aspiring for a future in the multi-billion dollar fast-growing industry. And, this initiative is a step to fill that void and be the rising sun for the one who seeks a place of reckoning in this ever growing industry.”

Explaining the lessons a learner will take away, Dr. Hiranandani further adds, “Our industry relations will help the learner gain an in-depth practical knowledge of the segment they want to expand their footprint. From renowned stakeholders to leading industry bodies, the individuals will get an opportunity to develop and build their connections as they take the next step of the ladder.”

Over 45K choose to take JEE Main 2021 in Indian languages

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February 23, 2021

Over 45K choose to take JEE Main 2021 in Indian languages

A total of 45,360 students will take the Joint Entrance Exam (JEE) in Indian languages. A total of 7,15,692 candidates registered for the BE / BTech, BArch and BPlanning entrance exams during the first session. The majority of applicants (670,332 students) chose to submit in English for the JEE Main 2021, followed by Hindi with 23,751 students. A total of 21,609 students will perform for regional languages, including Assamese, Bengali, Gujarati, Kannada, Malayalam, Marathi, Odia, Punjabi, Tamil, Telugu, and Urdu.

In 2020, the Joint Board of Admissions (JAB) decided to conduct the JEE Main in the regional languages. This is in line with the National Education Policy (NEP) 2020, which allows education in regional languages. This year, several changes to the exams were announced, including admission four times a year and enabling options for the exam.

The review takes place amid Covid-19 protocols. There are also several other anti-fraud mechanisms, including jammers and video surveillance. The NTA is also making arrangements for live viewing at each remote location and CCTV system recording of all exam centers from the control room at the NTA’s premises in New Delhi, according to the exam organizing institute. .

Those who drop out of the JEE Main can apply for admission to NIT, IIIT and other centrally funded technical institutions (CFTI). JEE Main is also an advanced JEE proficiency test that is taken for admission to undergraduate programs offered by the Indian Institute of Technology (IIT).

Teachers, staff of private schools hold massive protest in Bengaluru

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February 23, 2021

Teachers, staff of private schools hold massive protest in Bengaluru

Thousands of teachers and staff from various private schools in Karnataka marched under the auspices of the Leaders, Teachers and Non-Teachers of Private Schools Coordinating Committee (KPMTCC) in Bengaluru in a massive protest Tuesday against the Karnataka state government.

The protesters demanded that the drastic 30% reduction in tuition fees ordered by the State Department of Elementary and Secondary Education be withdrawn.

While the state government order was issued with parents’ financial hardships in mind, school administrators say that with the steep reduction in tuition rates, they can no longer pay their employees.

Some private school administrations have already approached the Karnataka High Court on this matter. A delegation from the school administration also met with the Minister of Health and Medical Education, Dr. K Sudhakar, to reduce the fees to 15%. They also applied for government grants to help them stay afloat.

A government resolution on January 30 had prevented schools from collecting more than 70% of their tuition fees and prevented schools from collecting other fees, such as development fees and library fees.

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