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Managing Growth and Inflation is the Biggest Challenge: Ex-ED, RBI

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Former ED of Reserve Bank of India (RBI) G. Mahalingam addressed the students of Great Lakes Institute of Management. It is a premier B School in India in its 7th Annual Great Lakes – Union Bank Finance.

G Mahalingam was outlining the effects of global financial crisis after 2009. He spoke about the various dilemmas faced by the emerging market economies, “Managing growth and inflation has been the biggest challenge to the central banks of all the emerging markets; not to forget the over-valuation and under-valuation of currency adding to the task.

Mr. Mahalingam pointed out that the question ‘why common people still choose Bank fixed deposits over bonds’ which have excellent liquidity has still no definite answer. He suggested that experts should create more awareness in this area.

Great Lakes Founder, Dean and Chairman Dr. Bala V Balachandran said that the finance conference this year was aimed at bringing together some of the best minds from policy making, mutual funds and industry. This was to help the students analyze, debate and discuss the effective policy making process to aid wealth maximization of a larger section of the society.

Growth and Inflation

Start Saving Early

Kalpen Parekh, Joint President, DSP BlackRock MF advised the students on the importance of starting to save early. Parekh asserted, “The narrative today is to show the consumers high returns and lure them into unwanted investment plans. This is partly consumers’ fault too as people are unwilling to take calculated risks. Also, small capital and a long tenure never hurts.

‘Make equities work for the commoner’

On the other hand, Mr. Nitesh Ranjan, Chief Investor Relations Officer, Union Bank of India emphasised on making equities work for the commoner. “Even today, a local Bank, real estate agent or a gold jewelry shop are more accessible than an equities expert. The sheer number of choices alone when it comes to equities can startle a commoner and this is where experts should focus on creating awareness,” he said.

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IIT Roorkee Signs MoU With ISRO For Space Technology Cell

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IIT Roorkee

IIT Roorkee Director A K Chaturvedi said a memorandum of understanding was signed with the ISRO to launch a space technology cell at the institute.

The Indian Institute of Technology (IIT) Roorkee in Uttarakhand on Friday said it tied up with the Indian Space Research Organisation (ISRO) to set up a Space Technology Cell at its campus.

“The ISRO-IIT Roorkee Space Technology Cell shall pursue advanced research in the areas of relevance to the future technological and programmatic needs of the Indian space programme,” a statement from IIT Roorkee said.

The cell shall ensure to maximize the use of research potential, infrastructure, expertise and experience that exist in ISRO and IIT Roorkee, the statement said.

The institute will be providing the infrastructure and administrative support in setting up the cell.

The research facility will consist of faculty members, visiting scientists, experts, research personnel, technical, administrative and support staff.

Bengaluru-based ISRO has been undertaking several student outreach programmes over the past few months in order to develop scientific temper among the country’s youth.

(Source NDTV)

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IIT Kharagpur To Adopt Amazon Web Services Educate Programme

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As part of AWS Educate, the students will gain access to 12 Cloud Career Pathways covering topics that are in demand by employers, such as machine learning, cybersecurity, and software development, each with over 30 hours of content.

The Indian Institute of Technology Kharagpur will adopt Amazon Web Services (AWS) Educate programme to help students gain cloud computing skills including hands-on experience in Artificial Intelligence (AI), a top official of the institute has said. “We are happy to introduce AWS Educate programme to provide AWS Cloud Computing experience and AI-enablement for all our students, irrespective of their branch of study. We look forward to some really innovative solution ideas coming out of this,” Director IIT Kharagpur Professor P P Chakrabarti said on Friday.

The AWS Educate programme is Amazon’s global initiative to provide students and educators with resources needed to accelerate cloud-related learning and to help power the workforce of tomorrow. The programme offers a robust set of no-cost tools, resources and AWS Promotional Credits for students and educators to boost their cloud skills and experience, an official statement said.

“AWS Educate is designed to impart skill to students with the latest advancements in cloud computing technology and provide them with an environment to experiment on AWS Cloud, without making them worried about cost or access challenges,” the statement quoted Amazon Internet Services Private Limited, president, Rahul Sharma as saying.

“We are pleased to work with IIT Kharagpur in their journey of higher learning, and to help them nurture new talent for a cloud-ready workforce,” he was quoted in the statement.

As part of AWS Educate, the students will gain access to 12 Cloud Career Pathways covering topics that are in demand by employers, such as machine learning, cybersecurity, and software development, each with over 30 hours of content.

Upon completion, learners are eligible to receive an AWS Educate Certificate of Completion or an AWS Educate Badge.

(Source NDTV)

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Artificial Intelligence, Yoga Among New Subjects For CBSE Students

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Artificial Intelligence, Yoga

CBSE has approved inclusion of Artificial Intelligence (AI) as an optional sixth subject for class 9 students.

CBSE students will now be introduced to the rapidly rising world of Artificial Intelligence (AI). The central education board has approved inclusion of Artificial Intelligence as an optional sixth subject for class 9 students from the upcoming academic session which starts in April 2019. Apart from Artificial Intelligence (AI), CBSE has also introduced Early Childhood Care Education, and Yoga as new subjects.

Recognizing the ‘geo-strategic’ importance of AI, CBSE has decided to offer AI as a sixth optional subject to students of class 9 onwards. Schools can also start a module on AI learning for class 8 students.

The CBSE circular says, “To enhance the multidisciplinary approach in teaching learning and also to sensitize the new generation, it was decided that School may start AI “Inspire module” of 12 hours at Class VIII itself.”

Yoga and Early Childhood Care Education will be introduced at Senior Secondary Level from this academic session.

CBSE is also offering class 10 students the choice to opt for a sixth Skill paper along with the existing five compulsory papers. If a student fails in any one of the three elective subjects (i.e. Science, Mathematics and Social Science), then it can be replaced by the Skill subject (offered as a 6th subject) and the result of Class X will be computed based on best five subjects. However, if a candidate wishes to reappear in the failed subject, they may appear along with the compartment examination.

CBSE has also asked schools affiliated with the Board to offer at least one Skill subject at Senior Secondary level.

Schools need to send the application for starting Skill subjects from 2019-20 session to CBSE latest by March 31, 2019.

(Source – NDTV)

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