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$75,000 Funding for “Educate Girls” from Goldman Sachs

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“Educate Girls” has received a whopping grant of USD 75,000 (about Rs. 48.26 lakh) from leading global brokerage firm Goldman Sachs. Educate is a Mumbai-based non-profit organisation working for the upliftment of the marginal girls.

Educate Girls secured the funding through a competition. A team of analysts from the Bengaluru office of Goldman Sachs came at the second place in the “2017 Goldman Sachs Gives Global Analyst Impact Fund” competition. The first place went to Kiron Open Higher Education (KOHE). This is a Berlin-based non-profit which connects refugees to content, mentoring, and accreditation needed to achieve higher education.

This year, the competition featured nearly 300 analysts across 17 offices. They presented applications to support more than 75 non-profit organisations from around the world. Last year, Goldman Sachs employees from India had secured a USD 50,000 grant for non-profit Digital Green Foundation.

What is Analyst Impact Fund

The annual Analyst Impact Fund is an initiative that provides Goldman Sachs employees with the opportunity to collaborate with peers from across global offices. This helps them win a grant for a non-profit organisation of their choice and impact the communities where they live and work.

The funding comes from Goldman Sachs Gives which is a donor- advised fund. Through this the investment bank and its current and retired senior employees provide grants to qualifying non- profit organisations globally.

What is “Educate Girls”

Educate Girls is a Mumbai-based non-profit organisation. It works towards improving enrolment, retention and learning outcomes for girls. And the beauty of the effort is that it is taken up in some of the most rural and marginalised communities in India. Yes, you heard it right and the smile on their faces is worth the effort too.

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Not Having Enough High Quality Researchers A Concern: Vice President

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The Vice President of India, M Venkaiah Naidu said that not having enough high quality researchers and the declining number of students doing PhDs and entering research posts is a concern. While launching Krea University he said that a country as populous as India and facing innumerable challenges from poverty to environmental degradation simply cannot do without innovation.

While adding that universities should become hubs for innovation, the Vice President said that they must not become breeding grounds for resentment, frustration or discrimination.

A university should be a place of enlightenment, a sanctuary of positive thoughts and safe haven of wisdom and knowledge, he added.

The Vice President said that institutions like the Krea University with sights set firmly on the achievement of brilliance and distinction at the global platform must serve us in good stead in our quest for fast track progress and all round development.

He called for an impactful coordination of Public-Private Sector in providing such education system.

Government should play the role of a strong facilitator and others supplement government’s efforts, he added.

Expressing concern that the higher education system in India still lags behind the standards of the world’s best universities, Mr Naidu said that in 2018 too, no Indian university was able to secure a place in the top 100 best universities in the QS World University Ranking. American and European universities still rule the list, he said.

The Vice President said that Indian Universities face a number of problems starting from shortage of funds to inadequate number of teachers to falling enrollment numbers.

The profusion of more rewarding career choices, lack of adequate facilities for post graduate education and the retirement of the current generation of professors and teachers has created a staff crunch in our centers of higher education, he added.

Mr Naidu said that the demand for skilled manpower in India predicted to be 700 million by 2022 and India must equip the young and students with employable skills. Such steps would not only allow us to realize the demographic dividend but also help India become the ‘skill capital’ of the world, he added.

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

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The five new medical colleges are coming up at Rajouri, Doda, Kathua, Anantnag and Baramulla for which the Centre has sanctioned Rs 189 crore each.

In order to ensure that the five new medical colleges in the state start functioning from the next academic session, the Governor of Jammu and Kashmir, Satya Pal Malik has called for expeditious completion of all necessary infrastructural and other facilities.

Selected places:

The five new medical colleges are coming up at Rajouri, Doda, Kathua, Anantnag and Baramulla for which the Centre has sanctioned Rs 189 crore each.

Orders from the governor:

Malik has directed for fast-tracking recruitment of faculty and para-medical staff and completing all necessary requirements to fulfil MCI norms for formally starting the academic activities in these colleges next year.Reviewing the functioning of the Health and Medical Education Department, the governor directed Principal Secretary, Atal Dulloo to personally monitor the progress of these colleges and maintain close coordination with the Public Service Commission (PSC) and services selection recruitment board for early selection of all referred posts and putting up the requisite infrastructure in place within the set timeframe.

Principal Secretary, Atal Dulloo informed the PTI that necessary steps are being taken to arrange make-shift accommodation for these colleges before the visit of Medical Council of India (MCI) team in December.To overcome the paucity of doctors, he said 1,000 posts of medical officers have been referred to the PSC which are likely to be selected soon. Besides, 535 doctors have been engaged under the National Health Mission (NHM) in the far-flung areas to supplement the services, he said.
State Administrative Council’s action:

The State Administrative Council (SAC) approved the proposal of the Health and Medical Education Department to grant extension in the joining time of 254 medical officers as a one-time exception.

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MHRD Gives Approval For New Board Of Governors In IIMs

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This has been approved under the IIM Act, 2017. According to MHRD, the entire process needs to be closed down by December 15, 2018.

The Ministry of Human Resource and Development (MHRD) has recently announced that all the 20 Indian Institute of Management (IIM) of the country will soon get a new set of Board of Governors (BoG) under the IIM Act, 2017.

The approval has been announced in yesterday’s meeting after consulting with the Ministry of Law and Justice. The government has set a deadline, for the IIMs to constitute new boards, which is December 15, 2018.

Members in Board of Governors

The new Board of Governors will have three ex-officio members which are as follows:

  • Institute’s current director
  • Existing representatives of the state government
  • Existing representatives of the union government

These members will then select a chairperson, following which, the BoG will co-opt five alumni members.

What after constituting boards?

On the completion of the constitution of the boards, the rules will be issued under the IIM Act, which would bring out the operational details more clearly.

Responsibility for the board

The newly constituted board will decide the fees for the courses and will also be in charge of creating the academic and administrative posts in the departments.

What is Indian Institutes of Management Act, 2017?

  • Indian Institutes of Management Act, 2017 was passed last year
  • According to the act, the Indian Institutes of Management are the institutes of national importance and can offer degrees and can further make substantial changes in their administration
  • The IIM Act is a historical step of the government which for the first time, provided comprehensive autonomy to higher educational institutions

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