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  01 MAIN
   
   
  02 NEWSMAKER
   
   
  03 INVESTMENT UPDATES
   
   
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  05 TECHNOLOGY
   
   
  06 FEATURE
   
   
  07 TRAVEL
   
   
  08 CALENDAR
   

   
  HIGHLIGHTS
   
  India to soon have navratna universities
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Kolkata: City Of Palaces
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  Eaton delivers hybrid power systems for buses in India
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02. NEWSMAKER
India to soon have navratna universities

CHENNAI: India will soon have 'Navratna' Universities on the lines of the famous Ivy League varsities, which will be "free them from the shackles of government control," Science and Technology Minister Kapil Sibal said today.

In his keynote address at the 98th Indian Science Congress at SRM University near here, Sibal said that this would be achieved by measures including generous financial support and access to external funding.

"We are working on the concept of having Navratna Universities or an Indian Ivy League.We intend to nurture these select universities, like the public sector navratnas, by generous financial support, freedom in accessing external funding and total autonomy so as to free them from the shackles of government control," he said speaking on the topic 'Quality Education and Excellence in Science Research in Indian Universities.

The eight Ivy League institutions are Brown University, Columbia University, Cornell University , Dartmouth College, Harvard University , Princeton University, the University of Pennsylvania and Yale University. He said such an initiative would be useful in achieving the challenge of developing human and social capital that will enable youth to work and compete globally. "In regard to our existing navratnas-the IITs and IIMs--we are according full powers to their Boards to create posts within the approved norms, top up the salaries of the Directors and Faculty from the funds generated by them, open centres in India and abroad, amend rules within the framework of their Memorandums of Association and Rules, acquire and dispose property and manage funds generated on their own," he said.

With this autonomy, the government sought to build accountability and the Director and the Board would prepare annual action plans and monitorable key performance indicators at each level, he said. With India moving towards being an "affluent society" there was a need to tackle much more aggressively the structural inequities, especially in education front, he said.

The Gross Enrolment Ratio (GER) was a 'mere' 15 per cent, Sibal noted, adding changing labour markets and demographics are driving a "new" demand for higher education. "This has come mainly from two groups that traditionally were not known to attend universities: a rising lower middle class and women. These sources will continue to fuel the demand for higher education and will be fighting for more places for quality education. This will necessitate many more universities and colleges to be opened in the years to come. Most estimates project a minimum doubling over the next decade," he said.

The government's goal was to double the GER by 2020, and this will entail massive capacity building, both institutional as well as human, Sibal said.

India to be UNSC Prez twice; 1st one in Aug 2011
India, regarded as a key emerging political and economic power, would be the president of the powerful United Nations Security Council in August and again later next year, most likely in November 2012, during its two-year term.

According to the list of its monthly-rotating presidency released by Security Council, India would preside over the meetings of this 15-membered body in the month of August. The presidency of the Security Council is held in turn by its members in the English alphabetic order of their names.

India's presidency would be preceded by its key European ally Germany in July. Lebanon would take over from India the Security Council presidency in September 2011.Bosnia Herzegovina is the Security Council president for the current month. Brazil is scheduled to take over the presidency in the month of February.
India in top 4 among B-school destinations
MUMBAI: That the US and the UK are the most popular destinations for management studies is not big news. But the findings of a survey conducted by the Graduate Management Admission Council (GMAC), which conducts GMAT, a B-school entrance test used globally, have thrown up some surprises. Number 4 on the list of the Top 10 preferred destinations for B-school aspirants is India, with Canada at No. 3. Israel and Spain are the other surprise entrants.

According to experts, India's foray into the elite league has a lot to do with the emergence of institutions such as the Indian School of Business, Hyderabad, which was ranked No. 12 globally in the Financial Times ( London) Global MBA rankings earlier this year. The IIMs, which use GMAT as an entrance test for their executive MBA programmes, are also responsible for India's popularity.

B-school aspirants are looking at a return on their investment, and with the investment being lower for management education in India when compared to the US and the UK, the returns are higher,'' said an expert. Many feel that India can soon emerge as a hub for management studies amongst Asian countries such as Singapore and the Philippines as the country will be a far less expensive destination than western giants.

Although making it to the US has, for long, been the great Indian dream, it is not the only North American country that's attracting desi students. Many are now making a beeline for Canada, which not only has a robust economy and liberal visa policies but also promises good job prospects. ''In testing year 2010, India was the top foreign country that sent score reports to Canadian graduate management programmes,'' reveals GMAC's survey.

According to the report, 78% of full-time MBA programmes in Canada received the largest number of foreign applications from Indians. Not surprisingly, all Canadian management programmes that recruited foreigners targeted India, as did 44% of European programmes that undertook special recruitment efforts to attract overseas candidates.