Can’t take education loan off NPA: Finance minister

Can’t take education loan off NPA: Finance minister

TRICHY: The union ministry of finance refused to exempt education loans from non-performing asset (NPA) citing that Reserve Bank of India is against the exemption for maintaining credit discipline.  In a letter to the Union finance minister Arun Jaitley, MP Trichy Siva has urged not to bring education loans under NPA since non-payment of educational loan is affecting their Credit Information Bureau of India Limited (CIBIL) score.  Citing data from 2016, he highlighted that educational loan accounts for only 6.94 percent of the loans from banks. In the letter, he said that 37 percent of…

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Online classes: Dental instructor reaches those who can’t come to campus

Online classes: Dental instructor reaches those who can’t come to campus

You might say that online education runs in Robin Williams’ family. Williams started teaching online courses at Great Falls College MSU in 2004, but her father’s history with online education goes back even further. He was the first director of Montana State University’s Master of Science in Science Education when the online program launched in the late 1990s. It was because of her dad’s stories about teaching online that Williams signed up to become an online instructor. “I’ve just always thought it’s a really nice way to reach out to…

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Reports on how much black money is in India can’t be disclosed: Institutes

Reports on how much black money is in India can’t be disclosed: Institutes

The reports on the quantum of black money held by Indians in the country and abroad cannot be made public, country’s two premier institutes that conducted studies on the ill-gotten wealth on the finance ministry’s directive said.   The UPA government had in 2011 asked three institutes — National Institute of Public Finance and Policy (NIPFP), National Council of Applied Economic Research (NCAER) and National Institute of Financial Management (NIFM), Faridabad — to conduct studies on black money. The study reports of NIPFP, NCAER and NIFM were received by the…

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UGC: Educational institutes can’t hold students’ original document

UGC: Educational institutes can’t hold students’ original document

To safeguard student’s interests, Union Grants Commission has come up with new rules to put an end to “coercive and profiteering” practices by educational institutes regarding verification of certificates during admission, remittance of fees and refunds. Therefore, no higher education institute shall insist upon a student to submit the original academic, personal certificates and testimonials like mark-sheets, school leaving certificates and other such documents while submitting admission form. As per the new norm, institutes shall physically verify the original documents at the time of admission and return those immediately. However,…

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