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The president is right; universities are not just degree factories

India needs to develop an entrepreneurship-oriented higher education ecosystem to take her growth to next level

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Indian president Ram Nath Kovind presenting medal to a student at the 7th Convocation of IIT, Hyderabad. Image/PIB

The speed of fourth industrial revolution seems to be amazing. Changes are happening in an unprecedented manner, revolutionising every area of public life with great impact.

And the conventional mode of learning needs to be restructured in this manner. Education methodologies have to be shaped as per the standards of emerging technologies which include Artificial Intelligence (AI) and Machine Learning.

The 21st century will be crafted by the ideals of fourth industrial revolution

The president of India, Ram Nath Kovind, got right about the change. While speaking at the seventh convocation of the Indian Institute of Technology (IIT), Hyderabad, on August 05, 2018, he emphasized this particular point. As he said India’s aspirations are no longer limited to the heavy industrial base that the nation built in the past.

The 21st century will be crafted by the ideals of fourth industrial revolution. Obviously, institutions like IITs have to remain relevant to the ecosystem of Industry 4.0.

“Colleges, universities and other higher institutions of learning are not degree factories. They are sources of innovation and incubators of technology-driven startups,” the president said at the convocation. He also pointed out the example of Silicon Valley in the US to promote a culture of innovation in the higher education space.

It needs to be noted that the resounding success of Silicon Valley as the global hub of entrepreneurship is the result of Stanford University’s unparalleled contribution to ignite the innovation spirit among young entrepreneurs.

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SBI waives off outstanding loans of 23 CRPF soldiers

SBI has taken steps to immediately release Rs 30 lakh to the Pulwama martyrs’ kin

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Image: SBI Facebook page

State Bank of India (SBI) has announced a noble initiative for the families of the CRPF soldiers who martyred in a dastardly terrorist attack in Pulwama, Jammu & Kashmir on February 14, 2019.

India’s largest lender will waive off all the outstanding loans of 23 soldiers who availed loans from the bank with immediate effect, said SBI in a statement.

As all the CRPF soldiers were customers of the Bank under Defence Salary Package, the Bank provides insurance of Rs 30 lakh to each of the defence personnel. According to the officials, the Bank is taking necessary steps to accelerate the release of insurance money to the next of kin of the martyred soldiers.

“It is extremely upsetting and disturbing to witness the loss of lives of the soldiers who always stand for the safety of our motherland. In this moment of grief, our sincere thoughts are with the families of our brave hearts,” said Rajnish Kumar, Chairman, SBI.

 

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Nationalism a unifying spirit; terror will not be tolerated, says Vicce President

Nationalism is all about asserting that ‘I am Indian first’. The efforts of neighbouring nation to destabilise the country will not be tolerated: says the Vice President

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Image: PIB

In a strong message to separatists sponsored by Pakistan, Vice President of India M Venkaiah Naidu said that the efforts of neighbouring nation to destabilise the country will not be tolerated. He has made it clear that any act to destabilise the soul of India can no longer be tolerated.

According to the Vice President, nationalism is all about asserting that ‘I am Indian first’.

While speaking at the release of the book “Selected Speeches” of Vice President, by former President, Pranab Mukherjee, Naidu said that Indians must stand united in our determination to make every inch of the country a safer and peaceful place.

Without naming Pakistan Venkaiah Naidu said it is unfortunate that our neighbour has been supporting, funding and training terrorist groups.

According to Naidu, nationalism is all about asserting that ‘I am Indian first’.

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Modi thinks India could become the second largest economy by 2030

Currently India is the fastest growing major economy in the world

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Indian Prime Minister Narendra Modi. Image/PIB

Indian Prime Minister Narendra Modi thinks India will become the second largest economy by 2030, surpassing the US. He was upbeat about India’s spectacular growth while inaugurating the hydrocarbon conference at India Expo Centre, Greater Noida, in Uttar Pradesh on Monday.

Currently, India is the fastest growing major economy in the world. The Prime Minister is of the opinion that it could become the second largest economy by 2030 and the third largest energy consuming country in the world.

As India’s growth is happening at a tremendous pace, the demand for energy is also increasing, at an annual growth rate of 5 per cent, and that makes India an attractive market for multinational energy companies. According to some estimates India’s energy requirement is expected to more than double by 2040.

As per the report of Standard Chartered, these are expected to be the 10 largest economies in the world by 2030.

  1. China
  1. India
  1. US
  1. Indonesia
  1. Turkey
  1. Brazil
  1. Egypt
  1. Russia
  1. Japan
  1. Germany

 

 

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