Union Minister for Human Resource and Development Kapil Sibal said on Wednesday that the Indian Institute of Technology Council has proposed that students seeking admission into IITs all over the country will have to pass just one test instead of appearing in separate tests for various institutes.
Byju's, India's most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm's various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju's amendment proposal, said the people familiar with the development. "This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction," said a person in the know.
Earlier the council's outlook was 7-7.5 per cent for the year. Even the revised forecast is yet quite optimistic compared to other agencies.
The council wants the government to stick to its fiscal consolidation road map.
India's economy is moving towards a higher growth trajectory and is likely to grow at around 10 per cent in 2021-22, Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy said on Wednesday. "I am confident that we are on a path towards a higher growth trajectory, higher poverty reduction, higher employment, and a prosperous, more developed and better governed India. "I think it is, more or less, agreed that the real rate of growth this year (FY2022) is going to be around 10 per cent," Debroy said at an SBI event. At the beginning of FY2021-22, the forecasts for real growth were in the 8.5-12.5 per cent range, he noted.
The council will help the Pope revise the Apostolic Constitution on the Roman Curia Pastor bonus -- the Church administration which helps him in the daily governance, the Vatican said in a statement.
He is survived by two sons, Rajiv Bajaj and Sanjiv Bajaj, and a daughter Sunaina Kejriwal.
The Centre's plan for a unique biometric-enabled number to every Indian resident is facing opposition from social activists who say it will impact civil liberties - state-citizen relations and privacy.
Notwithstanding "advice" from Defence Minister Manohar Parrikar to put off their stir, a third veteran on Tuesday joined the fast-unto-death by ex-servicemen as part of the agitation to press for implementation of 'One Rank One Pension' scheme.
In the advisory to political parties, the poll authority also emphasised on "clean and serious" campaign as electioneering reached feverish pitch in the southern state.
Prime Minister's economic advisory panel chief C Rangarajan has described the dip in factory output in September as 'disappointing' and said industry may grow by just 6 per cent in the current fiscal, as against the earlier projection of 7 per cent.
The report added that the rapid adjustments in the monetary and fiscal policies were well calibrated and not excessive, enabling the government to contemplate a return to fiscal consolidation in 2010-11 and an early normalisation of the monetary policy stance.
Food security, minority welfare and legislation to deal with communal violence ranked high in the 14-point focus area listed by the newly-constituted National Advisory Council (NAC) headed by Congress President Sonia Gandhi at its first meeting in New Delhi on Thursday.
'Byju's financials only reflect the core business. At a group level, they are experiencing substantial losses.'
rediffGURU Maxim Emmanuel offers expert advice on how to make an informed career choice.
The Prime Minister Economy Advisory Council has projected a mere two per cent growth in the sector for the current year. Earlier in August, PMEAC had projected the agriculture production to grow at a lower pace of two per cent in the current year as against 4.5 per cent in 2007-08.
The proposed move would lead to dismantling of the administered price mechanism.
Dreze and Gupta were taken into preventive custody for organising a programme without taking permission.
Industry chambers also sought conducive policies for completion of large infrastructure projects in time.
From social engineering to bearing the cost of COVID-19 treatment to financial reconstruction of Tamil Nadu's debt the debutant chief minister is emerging as a leader with a difference, says Shjne Jacob
Pitching for better integration of children from disadvantaged groups in private schools, the NAC favoured widening the definition of 'disadvantaged' to include groups such as migrant and street children, children in conflict regions and children of manual scavengers. At the NAC meeting, member Anu Aga, convener of the Working Group on Right to Education, made a presentation on its recommendations to improve RTE.
According to data released on Thursday, Wholesale Price Index-based inflation rose to seven per cent in October from 6.46 per cent in September.
Congress President Sonia Gandhi has not sought any reimbursement for medical bills from the government, the Central Information Commission has said.
'Fiscal and monetary space is more constrained in developing countries because of inflation and high borrowing cost.'
The report contains a significant Hindu American perspective, including the community's seva efforts across the country.
Chief Statistician T C A Anant says this a unique crisis and should be dealt with keeping the current situation in mind.
The Reserve Bank's decision to cut interest rates will stimulate investment and help in anchoring inflationary expectations, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said.
Against the backdrop of thousands of suggestions being made to the Justice Verma committee on crime against women, activist Aruna Roy on Monday pitched for the involvement of citizens in framing laws.
According to sources, Ahluwalia and Rangarajan separately briefed Singh about the economic situation.
Year by year, our cities remain defeated in the face of weather conditions, costing us time, money, resources and often lives, observe Amit Kapoor and Bibek Debroy.
Activist-turned politician Arvind Kejriwal has refuted all charges levelled by Digvijay Singh, saying that the Congress general secretary's letter describing him as ambitious and self-serving does not deserve any response, as the party has lost its mental balance. He said this while addressing reporters on Saturday in Ghaziabad district of Uttar Pradesh.
Malayankil Gopalakrishnan, a former journalist and a member of the Archives Advisory Council of Kerala has studied and researched the history of Thiruvananthapuram.
Debroy is expected to have a role and responsibility similar to the erstwhile chairman of the Prime Minister's Economic Advisory Council
Modern organised retail will be helpful in containing inflation and allowing foreign direct investment (FDI) in multi-brand retail leads to development of back-end infrastructure that will benefit farmers, according to C Rangarajan, Chairman of the Economic Advisory Council to the Prime Minister.
Retail inflation in February has come down to a 25-month low of 8.1 per cent.
Finance, oil ministry tussle over exports.
The rupee has recovered to trade at 63 level after hitting its life-time low of 68.85 towards August-end.
Inflation measured by the Wholesale Price Index had declined to 6.62 per cent in January. It was 7.18 per cent in December and 7.24 per cent in November.
India has strongly rejected Trudeau's statement made in the Canadian Parliament and said "allegations of Government of India's involvement in any act of violence in Canada are absurd and motivated."
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