The man who saved India during Global Economic Crisis – Dr. Y. V Reddy

July 29, 2009 · Filed Under general · Comment 

This is reference to an article that appeared in India’s Business Standard newspaper on 22 July 2009 under the same title. It reviews a recent book, India and the Global Financial Crisis, by Dr Y. V. Reddy, who was governor of Reserve Bank of India (RBI) over 2003–08. This period saw exceptional challenges to macro management, and it was largely owing to the pre-emptive – but unpopular – policies of the RBI under Dr Reddy that India managed to avoid a far more debilitating hit from the global credit crisis. The charts on the left have been added for this note and were not included in the newspaper version.

We recommend our readers to Read the book by Dr. Y. V Reddy.

Lok Sabha elections between April 8 – May 15 + BJP goes High Tech

January 28, 2009 · Filed Under general, technology · Comment 

The Chief Election Commissioner of India has notified the date of the next Lok Sabha general elections to be held between April 8 and May 15 this year. However, the Election Commission has not specified the final dates on which the elections will be held.

Online campaigning for the Lok Sabha has began with L.K.Advani taking the lead by booking almost all the Ad slots on World’s Most Popular Advertising Platform – Google AdSense directing to his campaign website LKAdvani.in

The BJP has also vowed to connect all its offices across India on a netowrk enabling easy and efficient campaigning. BJP is also said to be deploying Unificed Communications as well as on the fly messaging system by means of SMS to keep their workers updated on the status. If they get to form the government then days are not far when our villages benefit the most by e-Governance initiatives, something realized in part in the state of Andhra Pradesh under a visionary leader, N. Chandrababu Naidu.

HRD Ministry tightens norms for setting up offshore campuses

January 10, 2009 · Filed Under general · Comment 

The HRD Ministry issued a new set of 15 guidelines for private Indian educational institutions planning to set up offshore campus. These guidelines have been notified and would be made applicable for all future proposals for setting up offshore campuses.

As per a few provisions of the new guidelines, the institutions cannot take faculties from their Indian campuses and should not diversify profit from the domestic campus to the foreign campus or cross subsidies them. Each institution would also have to give an undertaking agreeing to the guidelines before the permission to go ahead with the proposal is granted. Also, institutes wishing to introduce a new course in the offshore campus need to get permission from the Indian government.

The ministry also issued certain rules for students seeking admission in an offshore campus, considering the problems faced at home by Indian students who went to Russian medical colleges. Going forward, students seeking admission in an offshore campus will have to obtain an eligibility certificate from the concerned regulatory body. Besides, a distinction will have to be made in the degree awarded by the offshore campus from the Indian one.

Also the medical students passing out from foreign campuses will not be made eligible for professional practice in India unless they satisfy the conditions of eligibility, including passing such examinations prescribed under the provisions of the MCI Act, 1956, and MCI Screening Test Regulations, 2002.

The ministry has also requested the institutes advertising for admission to an offshore campus would have to make it clear to the aspirants that mere completion of the MBBS program at the foreign campus will not mean that the person can practice as a doctor in India. A similar clarification will also be needed in case of engineering, management or other courses.

The 15 guidelines also makes it clear that the Indian government or any other public authority will not have any financial liability in respect of the offshore campus.

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