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Yogi Adityanath govt approves a bill that restricts private schools from charging hefty fees

The new bill matters  a lot as our parents are fed up with the commercialization of education; it should be implemented without any dilution

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It seems to be a good move from Yogi Adityanath-led Uttar Pradesh government. On April 10, 2018, the government passed an Ordinance named ‘Uttar Pradesh Self-financed Independent School Ordinance 2018.’to rein in the private schools in the state.

Schools in Yogi’s Uttar Pradesh will not be able to change the uniform for five years

The Ordinance allows the government to keep a tab on the arbitrary fees hike by self-financed schools in the state. We can put it simple like this. Private schools cannot increase the fees according to their vested interests as per the new law.

Schools in Yogi’s Uttar Pradesh will not be able to increase the fees for five years. Also, they cannot change the school’s uniform for five years. The schools are restricted to charge any kind of capitation fee from students.

Before increasing the fees, the schools need to consult a regulatory committee, and the hike percentage is limited to eight. If the government can implement the new law in the right mode, it would be a great relief for the parents in the state. Also, it will put some limits to the process of commercialization of education

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Headlines

Headlines: Rahul Gandhi can’t understand RSS

Top 5 headlines of the day

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Image: Facebook/Rahul Gandhi

Armed forces worked hand in hand with Kerala government: CM

Kerala chief minister Pinarayi Vijayan has praised the armed forces for their dedicated role in rescue operations during the Kerala floods. The death toll would have been much higher if the army hadn’t come to the scene, he said.

Huge win for Meghalaya CM Conrad Sangma

Conrad Sangma, the chief minister of Meghalaya, has won the by-election by a huge margin, defeating Charlotte W Momin of the Congress. Conrad Sangma is a popular leader from the National Peoples Party (NPP) in Meghalaya.

‘Rahul Gandhi can’t understand RSS’

Lashing out at Congress president Rahul Gandhi for comparing the RSS (Rashtriya Swayamsevak Sangh) with Muslim Brotherhood, the Sangh Monday said that the Congress leader is incapable of understanding the RSS.

Warren Buffet’s entry to India via Paytm

Ace investor Warren Buffet may take a minority stake in One97 Communications Ltd, the company which owns digital payment giant Paytm. Reports suggest that this will be Buffet’s first investment in an Indian company.

‘Equip police to combat cyber threats’

The vice president of India, M Venkaiah Naidu, has said that we should be aware of cyber warfare, equip police to combat threats. He was speaking at the 48th Foundation Day of Bureau of Police Research and Development (BPR&D).

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Economy

Pro-nationalist thinker S Gurumurthy appointed as part-time RBI director

A staunch advocate of Swadeshi economics, Gurumurthy is known for his nationalistic views on various issues including demonetization

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S Gurumurthy

Narendra Modi-government has appointed Swaminathan Gurumurthy and Satish Marathe as part-time directors on the board of Reserve Bank of India (RBI), indeed, a move that would please the Swadeshi group in Sangh Parivar.

Gurumurthy, a chartered accountant by profession, has been a staunch advocate of Swadeshi economics, known for supporting Narendra Modi’s crucial reforms including demonetization.

For him, the Swadeshi philosophy is contrary to the idea of protectionism

Gurumurthy is also the co-convenor of Swadeshi Jagaran Manch, an organisation affiliated to the RSS (Rashtriya Swayamsevak Sangh), which has been promoting national self-reliance since its inception in 1991.

“Story of my appointment as director RBI. This is the first directorship ever. Never accepted any private or PSU directorship. Not even audit of PSUs or Pvt cos.  Wanted to be free to speak. But when pressure built up I am needed to do something in public interest I had to accept,” Gurumurthy tweeted.

One of the most influential figures in the Sangh, Gurumurthy has succeeded in projecting ‘Swadeshi’ ideology as an ideal platform for India to take her growth to next level.

For him, the Swadeshi philosophy is contrary to the idea of protectionism.

He belongs to the league of Hindutva idelogues who think that India has to bank on development models that will work for India instead of importing the economic ideas from the West.

Sathish Marathe, founder of Sahakar Bharati, has also got entry into the RBI board along with Gurumurthy.

Marathe has been associated with the cooperative movement in the country as the head of Sahakar Bharati, an organisation functioning under the aegis of the RSS.

 

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Economy

From Madras to the top of food & beverage giant PepsiCo

As Indra Nooyi is stepping down as CEO of PepsiCo, the corporate world is losing one of its few high-profile female chief executives

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Image: Pepsico.com. Illustration: The Indic Post

Indra Nooyi, one of the most high-profile female chief executives in the US, is stepping down from her role as the head of food-and-beverage company PepsiCo.

Nooyi was the first foreign-born as well as the first woman chief executive of PepsiCo.

Nooyi, 62, will step down from the company on October 3rd, and stay on as chairman until 2019. India-born Nooyi is leaving her job at a time when the drinks maker is struggling to explore new growth potential from the old business model. But leave that for a while. The story of Indra Nooyi is an exceptional one for aspiring women business professionals across the world.

Nooyi joined PepsiCo in 1994 and became the chief financial officer of the firm in 2001

“Today is a day of mixed emotions for me. @PepsiCo has been my life for 24 years & part of my heart will always remain here. I’m proud of what we’ve done & excited for the future. I believe PepsiCo’s best days are yet to come,” Nooyi tweeted.

Born to a Tamil family in Chennai of India’s southern state Tamil Nadu, Nooyi has achieved great heights with her strong willpower and sheer enthusiasm to move on irrespective of adversities.

She has a bachelor’s degree from Madras Christian College and got management education training from IIM Calcutta. Also a master’s degree holder from the Yale School of Management, Nooyi served some of the big corporations at the beginning of her career, including the Boston Consulting Group, Motorola, and Asea Brown Boveri.

Nooyi joined PepsiCo in 1994 and became the chief financial officer of the firm in 2001. Recognizing her sharp management skills, she was named the president and chief executive of PepsiCo in 2006.

The strategist

Nooyi has a phenomenal stint at PepsiCo as the top executive of the firm. She has shaped the global agenda of the drinks giant, spearheading the diversification plans which resulted in the shifting of product portfolio into healthier and more nutritious brands.

She also made the crucial decision of Pepsico’s Tropicana acquisition, and led the merger with Quaker Oats. Nooyi has been widely projected as an inspiring role model for women entrepreneurs and young female business professionals.

“Growing up in India, I never imagined I’d have the opportunity to lead an extraordinary company like PepsiCo,”Nooyi’s emotional tweet tells the crux of the story. If you have the will and determination, you can achieve.

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