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CFAI Conducts Seminar on GST aptly named ” GST: A Way forward.”

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GST is the new-age education. And keeping this in view, a two day seminar was organized on GST by ICFAI concluded on June 17th and 18th this year. It was aptly named ” GST: A Way forward.”

Justice Challa Kodandaram the Chief Guest at the Two Day Seminar said, “The concept of GST, ceded in 2000, is now passing it’s teenage. It is shortly going to be a major one and ready for implementation. The first statement of the then Finance Minister in his budget speech of 2006, has taken its  full shape in the hands of present Government and ready  to go for roll out on 1st July, 2017.”

Justice Kodandaram further said the enactment of GST and its implementation is a major step in financial reforms in general and tax front in specific.

GST

GST in the Eyes of The Chief Guest

1. Expected to trigger economic growth on one side and lowering the inflation on the other side

2. Economists have greater expectations from the new Law

3. Going to subsume many existing Laws in the indirect tax front

4. Believed that a new regime will be coming up which will be reducing revenue deficits by increasing tax bases and tax collections

5. Comprehensive law drafted after taking in to account various suggestions and opinions of various stakeholders

6. To avoid cascading effects of various taxes and confusions prevailing under existing indirect tax laws.

Justice Kodandaram also suggested the audience to raise the voice and bring to the notice of the officers whenever there are issues  to common man.

Guest of Honor Mr Devendra Surana, President FICCI, Telangana said, “FICCI is ready to take the implementation of GST. He further said there may be some teething problems and they can be resolved during the progress of the implementation of the GST.”

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Government Approaches IITs, IIMs For Accreditation Process

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The Central Government might rope in private agencies for accreditation of educational institutes.

The Central Government might rope in private agencies for accreditation of educational institutes. The Union Minister for HRD, Prakash Javadekar said on Friday that the government had approached IITs and IIMs too in this regard. The Union HRD Minister had earlier also announced that more agencies will be roped in to speed up the assessment and accreditation process for Higher Education Institutes.

“To improve the quality of education, we are making the accreditation process more scientific and tough. The government wants to increase the strength of the National Board of Accreditation and the National Assessment and Accreditation Council so that more number of institutions can be accredited,” Javadekar said during the national conference on “Positioning India on the Global Education Map”.

Citing that ranking and rating of educational institutes, increases competitiveness, Javadekar said that this inspires institutes to invent ways to improve overall performance of the institute.

“Today, because of the National Institutional Ranking Framework, every institute has constituted an internal committee to improve their ranking. Students also take into account the institution’s ranking before taking admission,” he added.

READ MORE: Government Open To ‘Outside’ Agencies Taking Up Accreditation Of Institutions: Javadekar

He also said that graded autonomy will boost quality of education being imparted at Higher Education Institutes. With graded autonomy, institutes will remain under the aegis of UGC and still be free to design and offer new courses, off campus centers, skill development courses, research parks and any other new academic programmes.

“They will also have the freedom to hire foreign faculty, enroll foreign students, give incentive-based emoluments to the faculty, enter academic collaborations and run open distance learning programmes,” he added.

The bid to induct more accreditation agencies is not new. In August this year, UGC had notified University Grants Commission (Recognition and Monitoring of Assessment & Accreditation Agencies) Regulations, 2018 and had announced setting up of an Accreditation Advisory Council (AAC) for recognition of Assessment and Accrediting Agencies (AAAs).

(SOURCE NDTV)

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Government Open To ‘Outside’ Agencies Taking Up Accreditation Of Institutions: Javadekar

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The government is open to the idea of roping in “outside” agencies for accreditation of educational institutions, and IITs and IIMs have also been approached in this regard, Union HRD Minister Prakash Javadekar said.

The government is open to the idea of roping in “outside” agencies for accreditation of educational institutions, and IITs and IIMs have also been approached in this regard, Union HRD Minister Prakash Javadekar said here on Friday. “To improve the quality of education, we are making the accreditation process more scientific and tough.

The government wants to increase the strength of the National Board of Accreditation and the National Assessment and Accreditation Council so that more number of institutions can be accredited,” Javadekar said during the national conference on “Positioning India on the Global Education Map”.

“The government is open to other agencies taking the responsibility of accreditation, and IITs and IIMs have been asked about it … so that more and more institutions can be accredited,” he added.

READ MORE :Government Approaches IITs, IIMs For Accreditation Process

The Union minister said that ranking and rating of education institutions increase competitiveness among them for better performance.

“Today, because of the National Institutional Ranking Framework, every institute has constituted an internal committee to improve their ranking. Students also take into account the institution’s ranking before taking admission,” he said.

“Graded autonomy is another major step by the government to boost quality education in the country. Universities will remain within the ambit of the UGC but will have the freedom to start new courses, off campus centers, skill development courses, research parks and any other new academic programmes.

“They will also have the freedom to hire foreign faculty, enroll foreign students, give incentive-based emoluments to the faculty, enter academic collaborations and run open distance learning programmes,” he added.

(SOURCE NDTV)

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Centre Releases Rs. 260 Crore For Five New Medical Colleges In Jammu And Kashmir

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He said with the completion of the new medical colleges, 500 MBBS students would be annually added to the overall capacity of the course in the state.

The Centre Wednesday released Rs. 260 crore to the Jammu and Kashmir Health and Medical Education department for five new medical colleges being set up in as many districts of the state. With the latest release of funds by the Centre, the cumulative release of central share for these colleges at Anantnag, Baramulla, Doda, Kathua and Rajouri, till date has reached Rs. 765 crore, Principal Secretary, Health and Medical Education, Atal Dulloo said.

READ MORE : 5 New Medical Colleges To Be Functional By 2019: JK Governor

He said the Union ministry of Health and Family Welfare has sanctioned five new medical colleges in the sate at a cost of Rs. 189 crore each — out of which Rs. 139 crore is for civil works and Rs. 50 crore for machinery and equipment. The civil works in all these medical colleges are at different levels of progress and have been expedited of late to put the requisite infrastructure in place at the earliest, he said.

Mr. Dulloo said the department has initiated steps to provide infrastructure, equipment and human resource in these colleges as per the Medical Council of India (MCI) guidelines to start the first batch of MBBS admissions next year.

He said with the completion of the new medical colleges, 500 MBBS students would be annually added to the overall capacity of the course in the state.

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