The Foundation has provided grants ranging from Rs 2 crore to Rs 33 crore for setting up the chairs with a total commitment of Rs 56 crore. The donated funds will be used for research in areas such as obstetrics & gynecology, agriculture, economics, mathematics, technology, biology, rural development and cancer.
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BML Munjal University has come up with Risk Management as a part of its MBA course structure this year.BML Munjal University has introduced risk management as a part of its MBA course, analyzing and mitigating risk, not only will Financial Risk Management be included within the ambit of Enterprise Risk Management, even areas such as systemic risk, performance risk and risks other than financial risks will be dealt with.Enterprise Risk Management, an integrated course has been introduced in the current academic year with a view to expose young students and inculcates entrepreneurial skills; which will help them understand business culture, set-up new business enterprises and help in contributing to the overall growth of their businesses. Commenting on the new course structure, Tapan Panda, Dean, School of Management at BMU commented, “BMU aspires to impart quality education to its students and this new course is a vital step in that direction. ‘Analyzing and mitigating risk’ provides a wholesome knowledge about risk management, which is more than just financial risk management (FRM).”The basic premise of ‘analyzing and mitigating risk’ is divided into 3 parts- 'management and finance', 'potential of a manager' and 'skill development'. The course would help in inculcating the following qualities in a student-‘Appreciate different views on risk management practices’, ‘analyze different risk exposures and develop appropriate responses’, ‘Consider ways to deal with uncertainty and complex outcomes’ and ‘Develop effective risk management strategies’.Explaining the importance of such courses, Dr Tapan Panda, Dean, School of Management at BMU commented, “Corporate risks are inherent to all businesses globally and organizations must take a comprehensive approach towards risk management. These risks vary from strategic, credit, market, liquidity, compliance, operational and reputational risks. Today, when India is witnessing a boost in start-up culture; it is vital for the young entrepreneurs to understand the diverse risks that corporate businesses face. Our course on enterprise risk management will help students to effectively deal with uncertainty and associated corporate risk.”(BW Online Bureau)
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IMT Ghaziabad has announced the last date of its Online Application 2016 for its PGDM and MBA programme. Students seeking admission in PGDM programmes for the batch of 2016-18 at IMT Ghaziabad should apply online latest by 26 November 2015.The scores of CAT/XAT/GMAT (test taken between 1st January 2012 - 31 March 2016) will be accepted for admission in IMT Ghaziabad to PGDM 2016-18 batch. while IMT Nagpur and Hyderabad will be accepting CAT/XAT/GMAT/CMAT (to be conducted in 2016).Eligibility CriteriaEligible candidates are required to update their GMAT/ CMAT Test score, on or before 15 April 2016. Additionally, in case of CAT and XAT, all applicants are required to fill the registration number of the test score that he/she is willing to submit. For candidates who are applying on the basis of GMAT/CMAT and their score is not updated, processing of application will be provisional.For IMT, Dubai, the applicants whose native language is not English are required to take an English Proficiency Test. The minimum score, which is required for admission is 6.0 for IELTS, 550 for paper-based TOEFL while 79for internet-based TOEFL test. All the scoresare valid for a period of 2 years only.Application FeeCandidates have to make an online payment of Rs 2000/- using Credit/Debit card/ Net Banking.Applicants are required to fill only single application form. Based on the same they would be further shortlisted for the process.To submit the application, the applicants can also make payment through Demand Draft. After the successful completion of the payment process applicants will receive a confirmation via email within the next 24 hours.Short ListIMT will short-list the candidates for interview based on their best available test scores in CAT/XAT/GMAT for IMT Ghaziabad campus and CAT/XAT/GMAT/CMAT score for Nagpur and Hyderabad campus. The Communication and Personal Interview Process (CnPI) will be conducted at one of the centres selected by the candidates in Communication& Personal Interview Schedule Form available on IMT's Admissions Portal during a specific period of time in the month of January 2016. The details of the same will be mailed to the candidate.Post short-listing on the basis of available scores, the shortlisted candidates will be called in for a Communication and Personal Interview (CnPI) round. The candidates will face a written communication test (WCT) followed by a Personal Interview (PI).After the CnPI process, IMT will take the final decision on admission by taking into account the candidate's academic record, entrance test scores, work experience and performance in the CnPI round.For admission in PGDM programme, the applicants must have a minimum three-year Bachelor's degree or equivalent with minimum 50 per cent marks in any discipline or CGPA of at least on 3.0-4.0 scale in any discipline (for IMT Dubai). Applicants who are appearing for the final-year degree examination can also apply. For PGDM (Executive) programme, the candidates must have a Bachelor's degree in any discipline with at least 50 per cent marks and a minimum three-year work experience after graduation as of 30th June 2016.(BW Online Bureau)
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Poonam KumarIndian Institute of Management (IIM) Raipur is all set to organise six-day faculty development programme (FDP) for Faculty members under Technical Education Improvement Programme (TEQIP-II) from 16 November to 21 November 2015. This 11th Faculty Development Programme will be attended by 25 participants comprising of professor, associate professor, assistant professors from engineering colleges across the states of Chhattisgarh, Maharashtra, Gujrat, Karnataka, Tamil Nadu, Bihar, Telangana, Puducherry and Kerla.Mukesh Kumar, Programme Director - FDP, IIM Raipur, said, "About 22-25 faculty members will participate in the programme from different regions, and they will mainly be from B-schools and Engineering Colleges from southern region. If we see the number of the participants, it is consistence, we have not seen any fall in the numbers."The series of 12 programmes is the outcome of learning of a two-day conclave organised by institute in May 2014. It is centered on various themes, namely Achieving Academic Excellence Adapting to fast changing needs Participant Centered Assessing Self, Strength and weakness, Improving Teaching, Learning Process, Publishing in top class journals, Learning, Understanding Institutional Needs and Communication, Preparing for accreditation and Washington accord and Managing People and other Resources, Industry Networking and Career Options for Students.This is being conducted under the aegis of Ministry of Human Resources and Development (MHRD), Government of India, which has initiated the second phase of TEQIP for faculty members of higher educational institutes.The FDP is designed for management teachers, heads of institutions and administrative Officials and researchers working in management schools, universities, colleges and professional institutes which teach management and allied subjects such as economics, statistics, computer applications, commerce, banking, sociology and labour relations.More such programme shall be organised for faculty members, heads of institutions and administrative Officials of the Engineering Colleges.
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Management Development Institute, Gurgaon, has organised a series of events including Imperium, Akshayam and Illumina. Imperium and Akshayam held between 6 November and 8 November, were the a blend of academic and extracurricular activities. On the other hand, Illumina, a permanent fixture on MDI’s annual calendar, was organised on 8 November and offered corporates valuable insights into consumer psyche based on MDI students’ innovative models. Imperium, the annual inter-college management fest that ran for 72 hours straight was a veritable carnival. Organised single handedly by the students, this one-of-a-kind event was a holistic experience, complete with games, opportunities to form networks, test managerial skills and put classroom teaching into practice. Akshayam, however, was an out and out cultural treat with students participating in music, dance, drama, fashion, pottery making, face painting, poster making, treasure hunt, tattoo making, fashion show, dress making and other competitions. The highlight of the series was the stand-up comic act by Abish Mathew, the multi-talented singer, guitarist, actor and comedian of the AIB fame, which left everyone in splits. His upbeat performance on November 6 was followed by another memorable evening with DJ Lloyd, India’s number one Bollywood DJ who got everyone in the party spirit. This sense of euphoria continued with Illumina, the disguised market research event that was treated like a grand Diwali Mela, with the students and faculty popularly referring to it as Urban Illumina. This 19th edition successfully strengthened the student’s link with the Indian consumer. (BW Online Bureau)
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Simar SinghA report put out by Assocham has estimated that the value of the coaching industry in India was set to touch $40 billion this year, growing at an incredible rate of 35 per cent annually. For an Indian between the ages of 15 to 25, attending some sort of test prep centre is almost a rite of passage, a must to even fathom attempting one of the highly intimidating and highly competitive selection of exams. According to Anil Nagar, co-founder and CEO of Career Power, the permeation of test prep in India is almost absolute, in all but one space, non-UPSC government job exams and this is where he decided to foray to make his bucks. The company runs both offline and online coaching options with their popular sites bankadda.com and sscadda.com. The IIT alumnus’ idea is rooted in his own personal experiences. “Coming from a rural area, I personally know how getting quality coaching can be a struggle. In these areas and small towns there is a particular aspiration to secure government jobs. Unfortunately, coaching for the same is either not available or of negligible value. We thought this was a unique space that needed to be filled,” says Nagar. “There are a stream of young people graduating every year across the country and hardly 10 per cent of them are absorbed by the private sector,” he says, “And those who do find employment find themselves stuck in dead-end jobs. So a lot of people between the ages of 18 to 20 consider government jobs. The opportunity is huge.” And Nagar is right, despite the growing sheen of the private sector, the allure of government jobs remains for many Indians. Career Power started small in 2010 with a single classroom and Nagar says that it has been profitable from the first year itself. “At the time investors were pessimistic about putting in money in this sector and largely steered clear, now the confidence is beginning to grow and there has been a complete reversal in the sense that investment options are flourishing,” says Nagar. Career Power is currently in talks for its Series A round of funding which is being handled by Ernst and Young and should be closed by January or February 2016. This year, the company estimates that it will have coached around a lakh students. Nagar says the company reported a revenue of Rs. 11 crore in the previous year and speculates that it will be around Rs. 30 crore for FY16. “In the next two years we are hopeful that this figure will grow to Rs 100 crore,” he says.
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By Haider Ali Khan Eminent scientist and Bharat Ratna awardee CNR Rao believes that 90 per cent of the universities and higher educational institutions in the country have outdated curriculum, keeping them from making into the top institutes of the world. He is currently serving as the Head of the Scientific Advisory Council to the Prime Minister. "90 per cent of the universities in our country have outdated curriculum. We talk about increasing funds, increasing infrastructure but there is no improvement in the content we are teaching in our hi-tech classrooms," Rao said yesterday during the ongoing Visitor's Conference at the Rashtrapati Bhawan. "One of the major reasons behind why Indian institutions don't make it to the top 100 universities in the world. There are lot of Indian students abroad who want to study in our country and come back but there are no quality colleges to offer them the same kind of environment and education," he said. He emphasised that Indian institutions need to improve and also asserted that the talent search in the country is "marginal. "Talent search in our country has always been marginal. We teach our students what Newton and Faraday did but there is no mechanism to look out for similar talent in interiors of the country," he said. He got Bharat Ratna on 16 November 2013 for his outstanding contribution in the field of science.
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Aptech has entered the formal K-12 school business. The maiden school will come up in Kabul, Afghanistan and will seek students in March 2016.To be run in partnership with a local education trust, Aptech's responsibility will be to develop curriculum, provide content, deploy Aptech's pedagogy, bring necessary education board approvals, deploy evaluation strategy and provide training & certification for the faculty enabling them to excel in education delivery.The school will follow the CBSE curriculum and will aim to provide a wholesome experience for the students, with a mix of contemporary content, delivery by well trained teachers and availability of best extracurricular activities.Ninad Karpe, CEO & MD of Aptech said, "With our entry into formal K-12 education space, we are committed to raise the standard of school education and do what we have suitably done to the vocational education arena in India and across the world through our brands in IT, Animation, Hardware & Networking, Hospitality & Tourism and Language training etc. I also believe that we will be able to help teach the young students to think critically and intensively. The true goal of education is to build intelligence and character and we aim to do precisely the same."Afghanistan faces a daunting task in reducing illiteracy rates in the country with an estimated 11 million currently illiterate Afghans aged 15 and above. Improving literacy rates requires the combined efforts of the Ministry of Education and other partners within the Government of Afghanistan as well as communities, the private sector and other non-government actors. Aptech will participate in this process of bringing world-class education to schools in Afghanistan.(BW Online Bureau)
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