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Higher Education Funding Agency(HEFA) Sanctions Rs 2,066 Crore For Six Universities

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The Higher Education Funding Agency has approved projects worth Rs 2,066.73 crores for six educational institutions on Wednesday. The agency was established by Union cabinet to provide additional funds to improve infrastructure for research works.

Higher Education Funding Agency

In the press release, the government has said that the funds are sanctioned to improve the research infrastructure in the universities and help them feature in the global list of top universities. The six educational institutions which got their projects approved are Indian Institutes of Technology in Bombay, Delhi, Madras, Kharagpur and Kanpur, and the National Institute of Technology, Suratkal.

Higher Education Funding Agency

The funds granted are an add-on to the central government grants. Rs 1,028.73 crore were allowed were 16 projects for research and academic facilities and Rs 1,038 crore for other supporting infrastructure in the respective institutions according to the press release.

Union Human Resource Development Minister Prakash Javedkar termed it as a historic move and tweeted “Today is a historic day for financing the needs and promotion of research and innovation beyond budgetary allocations,”

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Microsoft & Uber Among Others Make Huge Offers On Day 1 Of IIT Bombay Placements

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Microsoft offered an annual package of Rs 1.39 crore on the first day of the placement season which is the highest package so far provided on the first day of the session at IIT Bombay Placements. The software giant was closely followed by App-based taxi aggregator Uber which offered a package of Rs 99.87 lakh per year.

IIT Bombay Placements

The interviews for the first session started at 8 am on Friday and continued until 4 pm whereas the second session began in the evening and went on till 2 am on Saturday. In the first session of the placement, 52 job offers were made from 17 companies which included eight offers from Goldman Sachs and seven from Boston Consulting Group. The others companies which participated in the placement session were Morgan Stanley, Deutsche Bank, Procter and Gamble, Millennium and the ITC group.

IIT Bombay Placements

In the ongoing placement sessions, IITs across the country witnessed a considerable hike in the number of jobs offered being made. IIT Madras got a total of 99 offers from 17 companies whereas students of IIT Roorkee received 68 proposals from 11 companies.

IIT Bombay Placements

It has been noticed that the students are apprehensive about joining the startup as many of them even had withdrawn the job offer made in 2015. Keeping it in mind, IITs had blacklisted and banned 31 start-ups from campus placement for withdrawing their job offers. The number of startups participating in the placement session is more in comparison to last year but less than from the year 2015.

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IIT Roorkee Gets 189 Job Offers On The First Day Of Placement Season

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The placement session of the IIT Roorkee started with a total number of 189 jobs offered on the first-day of the session.

IIT Roorkee
IIT Madras received 195 offers on the first day of the session which is more than the proposals which were recovered last year. In the year 2016-17, IIT Madras had received 160 offers on day one.

IIT Roorkee

In IIT Madras, 11 international offers were also made on day one as compared to 3 international offers made last year. The companies which made more than 10 offers this year(2017-18) were EXL Services, Goldman Sachs, Microsoft and Samsung Research Institute Bangalore.

In the light of the stress faced by the student, IIT Madras has done away with the ‘Graveyard Slot’ this year. The graveyard session last year witnessed the participation of 9 companies and a total of 315 students sitting for the placement.

IIT Roorkee

In the graveyard session, a total of 58 offers were made out of which 21 were the core sector jobs, and 37 were non-core sector jobs. In the ongoing session, 48 startups have also registered for placement as compared to 25 last year.

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Complete List of 123 Universities Who Are Asked To Drop “University” From Their Name by UGC

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University Grants Commission (UGC) has directed 29 deemed to be a university to stop using the ‘University’ title from their names. The regulatory body had earlier in November asked 123 deemed to be universities to adopt the new rule. Among the 29 universities who have been served the notice, 22 don’t have the title ‘Universities in the name notified by the government whereas the remaining seven have been asked to submit proposals suggesting new names.

The directive comes in the backdrop of the Supreme Court ruling dates November 3, 2017, which said that the use of word ‘University ‘ by the deemed to be universities is in violation of section 23 of UGC Act. The court had granted one month time to such institutions to comply with the new rule.

The universities which have been asked to propose a new name are Christ University, Symbiosis International University, Gurukul Kangri Vishwavidyalya, Yenepoya University, Jain University, Maharishi Markandeshwar University and Lingaya’s University.

It is to be noted here that on 24 November 2017, UGC had suspended the degrees awarded by four deemed to be technical universities through correspondence courses. Now the commission has allowed 15 days for the concerned universities to change their name failing to which they may invite action against them.

Below is the list of all universities which come under this UGC order.

 

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