The University Grants Commission (UGC) on Friday declared 21 universities as "fake" and not empowered to confer any degree, majority of which are in Delhi followed by Uttar Pradesh.
The University Grants Commission (UGC) has asked vice chancellors of varsities across the country to 'encourage' students to take an online voluntary national-level exam to test their knowledge on 'gau vigyan' (cow science).
'At the first board meeting I chaired, I sensed that corporate governance is an issue in this company.' 'I started taking steps that may have aggrieved a few.' 'This has now become a mission I intend to accomplish before I step down.'
'The company's transition from an individuals-driven private firm to a board-driven listed public one will be carried out in a well-thought-through and well-executed manner.'
"Yeh sab doglapan hai." With these words, Ashneer Grover not only called out an entrepreneur being hypocritical, but also shot to fame as a reality television star. It happened in the first few days of January, when the funded part of the start-up world needed some warm-up to get back to work, and inevitably Grover's antics on the show became a talking point. The Twitterati also debated whether it was unbecoming of a founder to diss a peer's business model with such abrasion. And hundreds of memes, with the dialogue set in various circumstances, flooded social media.
The petition also made several other allegations of financial embezzlement by the secretary, and sought a CBI inquiry into the matter as the 'samadhi' was under Central government control.
BharatPe co-founder Shashvat Nakrani has accused Ashneer Grover, with whom he had co-founded the payment startup, of creating a false narrative about the company, and said the board acted quickly and decisively in unseating him after receiving finds of a PwC report. BharatPe, which allows shop owners to make digital payments through QR codes, last week stripped Grover of all titles and positions over his alleged "misdeeds" and may take further legal actions, including clawing back of some of his shareholding. In a letter to employees, Nakrani said the Grover episode was an aberration and not the norm at BharatPe, and went on to defend the board who he said were celebrated names in the banking and financial services industry.
The change in eligibility criteria to participate in tenders for providing ground handling services in various regional airports was on Thursday criticised by the Delhi high court which said the central government was being "hypocritical" with regard to promoting local entrepreneurs.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
Prem Panicker, on the Rediff chat, delves on what went wrong for Team India and what to expect from Sunday's trans-Tasman World Cup final.
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