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Education Experts: Need to change mind-set to accept new technology

financepeer webinar

In a world where the physical and digital lines are rapidly blurring, we are on the brink of the digital payments revolution. FinTech players are using new technologies to meet rapid consumer demand. Technology is radically changing the way payment products and services are developed, deployed and consumed. The key drivers here are sociocultural change, cloud adoption, and an increased appetite for innovation. While we are not out of the woods yet, the alternative payments industry has already begun to rethink its short-term and long-term strategies to adapt to the post-pandemic landscape and transform the role of the traditional payments industry in the overall transaction deal.

FinTech players rely heavily on localization tools and tokenization, but these are no longer key differentiators. By using more efficient data management technologies, companies can solve many of the payment problems they face. To reduce payment technology costs in 2021, companies must implement systems designed to work efficiently and automatically. It can help you reduce the cost of processing to fill in the gaps. Many are now trying to go back to basics and focus on innovation to grow their business and manage their cash flow. Using automation tools that provide real-time access to payment data can help simplify all business processes and reduce your costs.

 

DigitalLearning in association with Financepeer organized a series of webinars on leveraging FinTech in the education sector.

Also read: Experts: Technology can add new dimensions to the education

Dr. Sunita Swaraj, Principal, The Heritage School, Vasant Kunj said “The COVID happened and it was the need of the hour. The pandemic propelled us to move on and accept technology. Technology is here to make education better for coming days.”

Dr. Sunita Swaraj also said “In the crisis, we started our virtual session from mid-March just after lockdown. We tried to convince parents that virtual classes are needed for the hour and it took time but we succeeded. Even we curbed the screen time for students. As a community, we need to come together and make education affordable.”

Over NEP 2020, she said “the policy is something new for all schools. We need to believe in NEP as it will bring new reforms in the education system. We have to open up as a community to accept new things and learn from each other.”

Dr. Priyanka Mehta, Director & Principal, Sarvottam International School, Greater Noida West said “The pandemic has taught us new things and the world will move ahead from here. The technology will not replace anyone; it will only make things easier. Now, we are 10 years ahead in technology. Technology will play an essential role in the domain.”

Dr. Priyanka Mehta also said “Now, the schools are trying to bring offline classes. With technology, we have many more options to impact education to students. The physical part is important for students; hybrid education will be the new tool for schools.”

From the industry, Ashish Jain, Senior Product Manager, Financepeer said “Technology can help us in making education better for students in the coming days. Due to the pandemic, the education has become more affordable and accessible.”

“With crisis, we are now open to accepting newer ideas. Things will change more in the coming days as things take sharp turns. Institutions are looking for more ideas. We are helping parents and institutions in the crisis”, added Jain.

Over technology, he said “With COVID, people are now more close to technology. However, technology cannot replace any teacher in the classroom. We need to open up our mind and adapt new technology.”

GATE 2021 answer keys and question papers released

GATE 2021 answer key

The Indian Institute of Technology (IIT) Bombay released the Answer Key for the Graduate Engineering Aptitude Test (GATE 2021). Candidates who took the IIT GATE 2021 exam can now access the website Official link www.gate.iitb.ac.in to view and download the preliminary response key. Students can also challenge the GATE 2021 provisional answer key and challenge it with a detailed description and evidence from March 2-4.

However, applicants should note that they will have to pay a fee of Rs 500 per call. Objections raised against GATE 2021 will also be reviewed and considered by a committee. If determined to be correct, the answer will be corrected in the final GATE 2021 answer key, which will be released on March 18.

Applicants may also find that those accepted by the committee will receive a full refund. This will only take place after the publication of the final answer key for GATE 2021. However, no refund will be given to the candidate for challenges that are not accepted.

Also read: Huge changes in GATE exam patterns; check details

How to raise Answer key

-Candidates need to go to the official GOAPS website by clicking on the link, www.gate.iitb.ac.in

-Then have to click on the ‘Contest Answer Key’ tab

-Candidates will have to make the payment of Rs 500 through online mode (per challenge)

-Enter the question number which you think is wrong, write an argument and attach supporting documents for the same

-After giving all the details submit it

-You can also download and take a print out of it for future reference

CBSE Class 10 Social Science not to be reduced further for upcoming exams

cbse class 10

The Central Board on Secondary Education will not reduce the 10th grade social studies curriculum for future board examinations. Social studies work for grade 10 board exams is scheduled for May 27, 2021. Curriculum for grades 9-12 was reduced by 30% in 2020 due to the COVID-19 pandemic and the blocking of all matters. The council announced that the program would not be cut further.

Union Education Minister Ramesh Pokhriyal announced last year that the CBSE school curriculum would be cut. The Minister of Education had announced that due to the exceptional situation in the country, the CBSE had been asked to review the curriculum and reduce the burden of the program for students in grades 9-12.

The union’s Education Minister also noted that given the importance of successful learning, it was decided to simplify the curriculum by 30 percent while keeping the key concepts. CBSE officials said there was no official news about the further reduction in the 10th grade social studies curriculum.

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

The CBSE announced that the primary goal of tenth grade social science work is to develop an understanding of the processes of change and evolution in terms of time and space through which human societies have evolved. The course also helps develop an understanding of contemporary India with its historical perspective and deepens knowledge of India’s struggle for freedom to help students understand the framework of the Indian constitution.

Grade 10 CBSE exams will be held from May 4 to June 7, 2021. The revised 2020-2021 curriculum has been posted on their official website along with sample topics and exam scoring system of the board.

Ed-tech startup Doubtnut raises Rs 224 crore in funding

Doubtnut funding

Gurugram-based educational technology startup Doubtnut said on Thursday that it had raised Rs 224 cr in Series B funding led by SIG and Lupa Systems. Existing investors Sequoia Capital India, Omidyar Network India and Waterbridge Ventures also participated in the round. Avendus Capital acted as exclusive financial advisor to Doubtnut in connection with this transaction.

The company said it would use the capital to expand the product to more languages and subjects, and launch new paid courses.

Founded in 2016, Doubtnut offers an online learning platform for K12 students and those preparing for IIT-JEE and NEET. The company targets local freshmen. It also uses cutting-edge technologies like artificial intelligence and machine learning for image recognition and natural language processing. The company also offers video solutions.

The content catalog contains live lessons, video lectures, test sets, and other learning materials for students in grades 6-12, as well as test preparation for IIT-JEE and NEET. The startup claims to have more than 2.5 million daily active users who spend 600 million minutes per month on Doubtnut platforms.

Also read: Ed-Tech startup Practically raises $4M from Siana Capital

“Doubtnut was created with the vision of improving learning outcomes for all students, especially those outside the major cities in India. We specialize in developing local language content and use technology to create affordable solutions for people in this broad target segment, ”said Tanushree Nagori, Co-Founder and CEO of Doubtnut, adding:“ We are delighted to welcome GIS and Magnifying glass on board. . SIG has extensive experience investing in Ed-Tech companies around the world, and Lupa Systems has unrivaled experience in creating world-class businesses and leveraging high-impact technologies. “

Before the final funding, Doubtnut had raised capital from venture capital firm InnoVen Capital in October of last year. As part of its Series A funding, the educational technology startup raised $ 15 million from Tencent and existing investors Omidyar Network India, AET, Japan and Ankit Nagori, and Sequoia Capital India.

PM Modi asks banks to support Fintech

narendra-modi asks

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

pokhriyal tells

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. “

Ireland govt announces scholarships for Indian students

Ireland govt

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

CBSE system

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

Cyboard School

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

Haryana Schools

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.

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