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Dr Eknath B Khedkar, Vice President, Ajeenkya D Y Patil University, Pune elaborates on the need of Digital Universities

“The Gross Enrolment Ratio of our country will go up, suddenly it will increase may be more than 50 percent and when the educated people will increase definitely final result of this, the GDP ratio will go up,” says Dr Eknath B Khedkar, Vice President, Ajeenkya D Y Patil University, Pune in an interview with Chandan Anand, Founding Editor, ArdorComm Media Group at the ‘ArdorComm – Higher Education and Edtech Conclave & Awards 2022’ #HEETPune Myself Dr Eknath B Khedkar, Vice President, Ajeenkya D Y Patil University as well as Vice President of Decision Sciences Institute Houston USA, again I’m also Vice President of one International Association of Asia pacific and middle east, International Society for Data Science and Innovation. We have established this association in 42 countries the head office is at IIM Nagpur. Now I would like to first congratulate Chandan Anand that he has organized this particular conclave very systematically. I appreciate his effort that he has done in Maharashtra particularly in Pune by calling number of industry experts industry people and academician, Vice Chancellor, the management people. Because of such types of event this is very very important for a timely because after the pandemic situation now I think this is the first event which he has organized when the industry people meet academia or university and university people meet industry. Definitely what is the requirement and need of the industry for a day, the university can fulfil, industry also see that what is the requirement from the industry side. Academia always want that student should be employed then how to make employable, what is the requirement such types of definitely event give a very high-level knowledge to all of us this is one thing. Second thing the topic which he has chosen about phygital university or digital universities government of India is bringing in the country and this is a need because of this pandemic situation and in hereafter also when the world is going to a digitalization everywhere education 4.0 is already started at European and American countries whereas the Asian countries part India is little bit lacking. But now the government of India has taken a very correct decision to go for a digital university and it will take some time maybe another four or five year these university will get developed few university will get developed and because of this, the gross enrolment ratio of our country will go up suddenly it will increase may be more than 50 percent and when the educated people will increase definitely final result of this, the GDP ratio will go up. There will be a number of small and medium scale industries MSME will come up because there our honourable prime minister saying, there is a need of Atma Nirbhar Bharat and this is possible only when we educate our younger people. For educating more young people we don’t have more universities we don’t have more colleges then how to do it, digital university is one of the part where maximum number I feel that say 50 percent to 60 percent student will be educated through the traditional university and remaining 50 to 40 percent student will be educated through digital university and the enrolment ratio will go up and another important point in national education policy 2020 government has announced that the student can take two degree at a time this is amazing and good decision by the government. What will happen, student will get a knowledge in different field therefore student can go for starting their business, a student can go for doing various types of multi-level jobs. This is very important moves like person like me even at this particular age also I feel that I should go for collecting some degrees I should go for taking some knowledge through digital university online while working. Therefore working people they will go for taking some degrees, people who are in village area rural area they don’t have money they can also join with this because government is making lot of facilities in rural areas as far as the infrastructure and bandwidth is concerned and therefore I think this is very very important event you have organized and you know the flagship is there in this area automatically the academician also come to know that what is the requirement for developing this digital university. Three important things are there we have to go first for development of digital infrastructure very very important it will take some time, second teacher training very very necessary teacher training number of teachers we have to train through this and last part curriculum development, content development when we go for these three things I think a lot of development will come. I would like to give the best wishes because of all this development in another four five years our GDP will go up and the country will go in 100 percent developing stage in another 10 to 15 years’ time.  

Dr Eknath B Khedkar, Vice President, Ajeenkya D Y Patil University, Pune elaborates on the need of Digital Universities Read More »

Mobikwik is raising $100 million to expand its team

Mobikwik, a Gurugram-based fintech firm, has temporarily shelved its plans for an initial public offering (IPO) in favour of raising $100 million from a variety of investors. The cash will be used by the digital payments company to not only hire new employees, but also to expand its business and improve its marketing tactics and goals. According to Bloomberg, the investment round’s valuation has yet to be released. Mobikwik, which was co-founded by Upasna Taku, CEO, was able to secure $20 million in funding from the Abu Dhabi Investment Authority (ADIA) in June 2021, at a valuation of $700-$750 million. To date, the company has reportedly raised $176 million. The thirteen-year-old fintech firm operates a platform that offers a variety of financial services such as credit, insurance, gold loans, and mobile recharges. It had planned to conduct its initial public offering (IPO) in the first quarter of this year, but it has been postponed due to market uncertainties. Sequoia Capital, Treeline Asia, Cisco Systems, American Express, and Bajaj Finance are among the existing investors that would sell a portion of their shares in the IPO, which Mobikwik wants to garner around Rs 1,900 crores. Employee stock options will make many Mobikwik employees wealthy as a result of the IPO. In the IPO, the company has set aside around 7% of its equity for ESOPs. Many of its employees are valued Rs 1 crore or more, with some even exceeding Rs 10 crore.

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Govt. has issued new guidelines to prevent misleading advertising; bans surrogate ads

The Indian government has issued a new set of guidelines to avoid deceptive commercials, such as those that target youngsters or make false claims in order to entice consumers. The guidelines also state that while endorsing in advertisements, proper diligence must be performed. The Consumer Affairs Ministry’s new guidelines, which went into effect immediately, also prohibit surrogate advertisements and make disclaimers in commercials more transparent. “Advertisements have great interest for consumers,” Consumer Affairs Secretary Rohit Kumar Singh said when announcing the guidelines. The CCPA Act has procedures for dealing with misleading advertisements that harm consumers’ rights. The restrictions will apply to all types of advertisements, including print, television, and internet. Violations of the new guidelines will be dealt with in accordance with the terms of the Central Consumer Protection Act (CCPA). The Secretary stated that while these guidelines will not bring about immediate change, they will provide a framework for industry stakeholders to prevent misleading ads, even if they are done inadvertently, and will also empower consumers and consumer organisations to file complaints against misleading ads. These guidelines, according to the Secretary, would also apply to government advertisements. In addition, the Advertising Standards Council of India (ASCI) will develop self-regulatory advertising guidelines. According to her, the new standards define “misleading advertisement” and establish several criteria for what constitutes a valid and non-misleading commercial. It also clarifies the definitions of ‘bait’ and ‘free claims’ advertisements, while prohibiting ‘surrogate’ or indirect advertisements. A bait advertising is one in which items, products, or services are advertised for sale at a low price in order to entice customers. Furthermore, the recommendations establish standards to be followed when issuing bait advertisements and free claims advertisements, as well as a list of things to consider when publishing ads aimed at minors. Source: PTI

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MoU between India and the United States in the health sector has been approved by the Cabinet

The Union Cabinet approved a Memorandum of Understanding between India and the United States on Wednesday, allowing the two countries to collaborate on the development of new, improved, and innovative biomedical tools and technologies to prevent and treat HIV, tuberculosis, Covid-19, and other emerging infectious and neglected diseases. The Indian Council of Medical Research (ICMR) and the Department of Biotechnology have signed a Memorandum of Understanding with the International AIDS Vaccine Initiative (IAVI) in the United States. “This Memorandum of Understanding will further boost relations between India and the United States within the context of international scientific and technology collaboration in domains of mutual interest,” according to a Cabinet statement. “Govt led by PM @NarendraModi Ji approves the signing of MoU between India and USA in the field of the health sector. This will further strengthen relations between both countries in fields of mutual interest. #CabinetDecisions,” Mansukh Mandaviya, the Union minister of health and family welfare, tweeted shortly after the cabinet announcement.

MoU between India and the United States in the health sector has been approved by the Cabinet Read More »

QS University Rankings 2023: IISc ranked world’s best research varsity, 41 Indian Universities gets featured on a global scale

The QS World University Rankings 2023 include 41 Indian universities, up from 35 last year, including seven new institutes. Bengaluru’s Indian Institute of Science (155th globally) has climbed 31 places since last year to take first place among Indian institutes, with IIT Bombay and IIT Delhi rounding out the top 200. India has also performed well in research, with IISc ranking first in the world in the ‘citations per faculty’ (CpF) index, which is used by higher education analyst Quacquarelli Symonds to assess the effect of university research. IIT Guwahati (37th for CpF), IIT Roorkee (47th for CpF), and the newly added University of Madras (48th for CpF) are all among the top 50 research universities in the world. “This edition of the rankings reflects the excellent work that several Indian universities are doing to improve their research footprint, with positive consequences for their reputation on the global stage,” said Ben Sowter, senior vice president at QS. “Conversely, our dataset also suggests that the Indian higher education sector still struggles to provide adequate teaching capacity.” Twelve of the 41 Indian institutes represented increased their score from the previous year, 12 stayed the same, ten declined, and seven were new entries. The rankings of all of the highlighted Indian Institutes of Technology have improved. IIT Bombay (172nd) improved five spots over previous year, while IIT Delhi (174th) improved 11 places. IIT Madras (250th), IIT Kanpur (264th), and IIT Kharagpur (270th) are in the top 300. Among the private universities in the country, O.P. Jindal Global University (JGU) has secured the 1st rank in India. JGU has been ranked in the 651-700 band this year, making it the only private university from India which has found a place among the world’s Top 700 universities. Followed by this, Manipal Academy of Higher Education has secured the 2nd rank, it has been ranked in the 751-800 band. Shoolini university has been ranked 801-1000 globally, thus securing the 3rd rank among private institutions of India. Rank: Institution Name 155: IISc Bangalore 172: IIT Bombay 174: IIT Delhi 250: IIT Madras 264: IIT Kanpur 270: IIT Kharagpur 369: IIT Roorkee 384: IIT Guwahati 396: IIT Indore 521-530: University of Delhi 541-550: Savitribai Phule Pune University 541-550: University of Madras 551-560: Anna University 581-590: IIT Hyderabad 601-650: JNU 651-700: IIT (BHU) Varanasi 651-700: OP Jindal 701-750: Jadavpur University 751-800: Manipal Academy of Higher Education 751-800: University of Hyderabad 801-1000: Shoolini University 801-1000: Chandigarh University 801-1000: IIT Bhubaneswar 801-1000: Jamia Millia Islamia 801-1000: NIT Tiruchirappalli 801-1000: Pondicherry University 801-1000: University of Calcutta 1001-1200: Aligarh Muslim University 1001-1200: Amity University 1001-1200: Amrita Vishwa Vidyapeetham 1001-1200: Banaras Hindu University 1001-1200: BITS, Pilani 1001-1200: Sathyabama Institute of Science & Technology 1001-1200: Siksha ‘O’ Anusandhan 1001-1200: Thapar Institute of Engg. & Technology 1001-1200: University of Mumbai 1001-1200: VIT 1201-1400: Jamia Hamdard 1201-1400: Osmania University 1201-1400: Panjab University 1201-1400: SRM Institute of Science & Technology    

QS University Rankings 2023: IISc ranked world’s best research varsity, 41 Indian Universities gets featured on a global scale Read More »

Two-day conference on National Education Policy 2020 begins in Gujarat today

The Centre will host a two-day conference of education ministers in Gandhinagar, Gujarat, starting on Wednesday to discuss the implementation of the National Education Policy (NEP) 2020. The Ministry of Education said in a statement that the conference will be attended by education ministers from states and UTs, as well as Union Education Minister Dharmendra Pradhan and Minister of State Skill Development Rajeev Chandrasekhar. “The conference is expected to witness deliberations on strengthening the education ecosystem in the country with focus on implementation of National Education Policy 2020, skilling in schools and digital initiatives,” according to the release. During the two-day event, the ministers will also tour the Vidya Samiksha Kendra (VSK), the Gujarat government’s command control centre for school education, as well as the Bhaskaracharya National Institute for Space Applications and Geoinformatics (BISAG), according to the release.

Two-day conference on National Education Policy 2020 begins in Gujarat today Read More »

Kinara Capital plans to hire 700 people by the end of November 2022

Kinara Capital, an Indian fintech firm, is planning to hire 700 more employees. It will hire for a variety of positions throughout its 125 branches, which are distributed across 90+ cities. There are openings at all levels, for both newcomers and seasoned professionals, and they will be filled by November 2022. Sales, collections, operations, credit risk, and internal quality audit (IQA) are all looking for qualified candidates. Human resources, information technology (IT), data science, engineering, data platform, business operations, finance & accounting, marketing, products & strategy, and more are all available at its Bengaluru head office. Kinara Capital is one of the few companies where women make up the majority of the management team. Because of the Company’s innovative inclusive culture, there is gender inclusion in every area. Employees with disabilities and members of the LGBTQ+ community are currently employed by the company. Kinara, which focuses on SMEs, also offers LEAP, a high-skill training programme for new employees to assist them get a head start in their careers. The six-month intensive training programme is paid and includes tough classroom instruction followed by hands-on field experience. It has already taught over 100 freshers for the corporate world in the last year. Some of those who have received training here have gone on to become excellent problem solvers and hub managers. “We are growing our team to support even more MSMEs, especially as we continue to expand in Tier 2 and Tier 3 geographies,” Hardika Shah, founder and CEO of Kinara Capital, stated, reiterating Kinara’s commitment to offering great customer service to underserved entrepreneurs. Our national hiring drive is with the intent to seek out professionals who wish to lead a purpose-driven life and make an impact on others by furthering our mission of financial inclusion.”

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Over 4,000 children have received individual letters from PM Modi as part of the PM CARES scheme

New Delhi: Prime Minister Narendra Modi wrote individual letters to over 4,000 beneficiaries of the PM-CARES for Children scheme on Monday, describing it as a determined step taken by the country for a golden future for children. He elaborated on the various benefits available to children who lost their parents during the COVID-19 pandemic. PM Modi also related his family’s experience with a similar tragedy almost a century ago, assuring the youngsters that the entire country is rooting for them during this difficult time. The women and child development ministry shared the letter. The PM CARES for Children scheme, according to PM Modi, is a resolute move taken by the country for these children’s bright future. “This scheme will ensure that you can dream freely and there is no lack of efforts in helping you realise your dreams,” he stated. The Prime Minister shared a few things that his mother told him as a youngster in a letter written in English, Hindi, and regional languages. About 100 years ago, he continued, his family went through a similar loss and pain. “A century ago, when the entire world was in the grip of a terrible pandemic like today, my mother lost her mother i.e. my maternal grandmother. My mother was so young that she does not even remember her mother’s face. She spent her entire life in the absence of her mother, without her affection. Imagine how she must have been brought up. Therefore, today, I can very well understand the anguish in your mind, the conflict in your heart,” PM Modi stated. According to him, a parent’s presence is usually a big support for a child. “Until now, your parents told you the difference between right and wrong, good and bad, and guided you. Today, when they are not with you, your responsibilities have increased more than before,” he stated “It is not possible for anyone to fill this void in your life, but as your family, I assure you that you are not alone in your struggles, difficulties, and in your good and bad times. The entire country is with you,” added the Prime Minister. With the letter, the benefits of the PM CARES scheme for children were included. These advantages include free schooling and loan support for higher education, Ayushman Bharat Yojana health insurance of up to 5 lakhs till the age of 18, PM CARES payment of insurance premiums, and a monthly financial aid for individual needs until the age of 18. Other benefits include a 10 lakh grant from PM CARES upon reaching the age of 23, a 20,000-per-year scholarship for students in Classes 1-12, the Karma Scholarship for skills training, the Swanath Scholarship for Technical Education, a scholarship of 2.5 lakh per year for studying in higher education institutions (IITs, IIMs), and a 50,000-per-year ex-gratia payment. The rewards under the PM CARES for Children scheme were released earlier in the day by the Prime Minister. PM Modi transferred scholarships to school-going children. Also, a passbook of PM CARES for Children and a health card under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana were handed over to children. Source: PTI

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Sun Pharma reports a Rs 2,277 crore loss in the March quarter

Sun Pharma reported a surprising loss of Rs 2,277 crore in the March quarter, owing to one-time charges related to settlement costs and operations restructuring in some countries. In the previous fiscal year, the pharma had a net profit of Rs 894 crore. The Rs 3,936 crore one-time exceptional charge is mostly due to a $485 million (about Rs 3,761 crore) antitrust settlement on three Ranbaxy drugs — Valganciclovir, Valsartan, and Esomeprazole — announced on March 23. A one-time expense of Rs 56 crore is also included in the item, which is related to restructuring operations in several regions. After deducting exceptional items (Rs 3,936 crore) and exceptional tax gain of Rs 76 crore, the company’s adjusted net profit for the quarter was Rs 1,582 crore, up 18 percent over the previous quarter. The company’s revenue increased 11% year over year to Rs 9,386 crore, with India formulation sales jumping 16 percent to Rs 3,095 crore. Revenue from formulations in the United States reached $389 million (about Rs 3,016 crore), up 5% from the previous year. “FY22 was a good year with strong top line and ebitda (earnings before interest, taxes, depreciation, and amortisation) growth,” Sun Pharma MD Dilip Shanghvi said. Despite increased prices, all of our geographies have had double-digit growth, and profitability has improved. The specialty business is continuing to grow rapidly, with global Ilumya sales increasing by 81 percent to $315 million in FY22. Our India business continues to outperform the market, resulting in a larger market share. We’re still concentrating on building our global speciality business, as well as all of our other businesses and improving operational efficiencies.” For the first time, the company exceeded $5 billion in sales for the entire year, with an adjusted net profit of $1 billion. For the whole year, consolidated sales from operations totaled Rs 38,426 crore, up 15.6 percent from the same period last year. Adjusted net profit for FY22 was Rs 7,667 crore, up nearly 29% year-on-year, excluding exceptional items. The reported net profit for FY22 was Rs 3,273 crore, up from Rs 2,904 crore the previous year, a 13 percent increase.

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Amazon Prime Video and Nadiadwala Grandson Entertainment have teamed up for a multi-film licencing collaboration

Amazon Prime Video and Nadiadwala Grandson Entertainment (NGE), a production house, have announced a worldwide exclusive multi-film licencing deal, the streaming site announced on Monday. As part of the deal, Prime Video will be the “worldwide home” for the banner’s next slate of films shortly after they hit theatres. Nadiadwala Grandson Entertainment’s film lineup includes Nitesh Tiwari’s “Bawaal,” starring Varun Dhawan and Janhvi Kapoor, “Sanki,” Tiger Shroff’s “Baaghi 4”, and Kartik Aaryan’s untitled project. Films by Ravi Udyawar (“Mom”), Sameer Vidwans (“Anandi Gopal”), Saket Chaudhry (“Hindi Medium”), and others will be included in the lineup. Sajid Nadiadwala, the Managing Director of Nadiadwala Grandson Entertainment, a producer and director, said in an interview with Prime Video that the production house has found a partner who not only shares their vision of providing immersive cinematic experiences, but also provides global distribution to the best stories from the Indian entertainment ecosystem. “We’ve been entertaining audiences with our movies for the past 70 years, contributing to Indian culture, and today, with OTT becoming such a vital part of our lives, it’s a new age in entertainment.” Amazon Prime Video has aided in the dismantling of all entertainment barriers, be they geographical, linguistic, or otherwise… “We are certain that this collaboration of inclusive cinema will enable our upcoming releases to move beyond borders and provide extra value to Prime Video’s exceptional content selection. This collaboration represents NGE’s first-ever, worldwide exclusive, multi-film, multi-year deal with Prime Video. I hope this partnership will pave the way for additional collaborations between the two brands as the world of storytelling evolves across genres “In a statement, Nadiadwala added Manish Menghani, Director – Content Licensing, Amazon Prime Video India, expressed excitement about the team’s upcoming cooperation with Nadiadwala Grandson Entertainment, which is known for making films that connect with audiences instantaneously. “By striking this agreement, we will offer some of the most exciting narratives and stories to our viewers’ screens around the world shortly after their theatrical debuts.” “Prime Video has played a major role in significantly increasing the audience base for Indian films, across languages, both within the country and worldwide, and this collaboration is another step towards realising that promise,” says Amazon. “I am confident that this slate of highly anticipated films will prove to be an incredible treat for our consumers,” Menghani said. Following their theatrical debut, all Prime members will be able to watch the movie on Amazon Prime Video. In addition, during the ‘Early Access Rental’ window, all Amazon customers (Prime and non-Prime) will be able to ‘rent’ the titles on Amazon Prime Video. The streamer announced a licensing deal with Yash Raj Films, Dharma Productions, Excel Media and Entertainment, and Ajay Devgn FFilms at the ‘Prime Video Presents India’ event in April, under which it will premiere titles from these four leading Indian production banners after their theatrical releases. Source: PTI

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