Bank credit growth to priority sector slows drastically

Bank credit growth to priority sector slows drastically

Most of priority sector loans are supposed to serve a social purpose and they are meant to ensure that credit flows to those sections of society whom the banks may otherwise neglect. Photo: AFP It’s not just lending to the beleaguered corporate sector that has slowed—bank credit growth to the priority sector too has fallen considerably in recent months. The priority sector includes lending to agriculture, lending to micro and small enterprises in the manufacturing and services sectors, education and low-cost housing loans, loans to the weaker sections of the…

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International Career & College Counseling Conference paves way for transformation in the rapidly developing education sector

International Career & College Counseling Conference paves way for transformation in the rapidly developing education sector

International Career & College Counseling (IC3) Conference announced the second edition of the Annual Conference, that will be held in New Delhi on August 30 and 31 2017 at JW Marriott, Aerocity. This year will be marked as a great milestone as IC3 sets to actualise their mission of transforming lives through career counseling, global engagements and partnerships. The IC3 Annual Conference aims to impact over 50,000 students by 2018 with the help of 400+ high school leaders, counselors and educators. The two day event at the national capital will…

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Institutes like NIEIT will help Rajasthan in IT and electronics sector, says Union Minister

Institutes like NIEIT will help Rajasthan in IT and electronics sector, says Union Minister

Union minister P P Chaudhary today said that institutes like NIEIT will help Rajasthan grow in the electronics and IT sector and contribute to India’s digital ambitions. The union minister of state for electronics and IT further was in the city to take part in an event here. Rajasthan has made commendable progress in contributing to India s digital dream, he said. More than 40,000 students of the state are connected with E-Mitra’s common service centres, which is an achievement itself, said Chaudhary. He said his ministry wants the state…

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Golden age for distance learning as tech changes face of sector

Golden age for distance learning as tech changes face of sector

Prospective students are increasingly opting for distance learning as a first choice, with the sector experiencing strong growth as a result of its harnessing of technological advancements. “Educational technology has taken the distance and isolation out of distance education and, as a result, the sector is benefitting from the fact that it speaks directly to what modern, self-directed young people seek when furthering their education,” says Peter Kriel, General Manager at The Independent Institute of Education, SA’s  private higher education provider. Kriel says in 2017, many people have neither the…

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Parliament passes bill to scrap troubled VET loans, overhaul vocational education sector

Parliament passes bill to scrap troubled VET loans, overhaul vocational education sector

The former Labor government extended HELP student loans to the vocational training sector in 2009. Since then, dozens of scandals emerged as dodgy private operators rorted the multi-billion-dollar scheme. The Senate last night passed a bill scrapping the VET FEE-HELP program and replacing it with a new VET Student Loans program to begin on January 1. “VET Student Loans will ensure students and taxpayers are protected, that skills shortages are addressed and that the reputation of the vocational education sector is restored,” Education Minister Simon Birmingham said. “We have rebuilt…

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Sector leaders back income-contingent loans for South Africa

Sector leaders back income-contingent loans for South Africa

While South Africa’s student protesters are calling for universal free higher education, whether this could be afforded by the country’s government is doubtful. There is widespread acknowledgement that tuition should be free for the poorest families but, as the country remains gripped by an economic crisis, sector leaders believe that the introduction of government-backed income-contingent loans is a more viable solution for the majority. “The demand is ‘free higher education now’; well what about health, what about basic education, what about housing, what about social grants? These are the conversations…

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Sector leaders back income-contingent loans for South Africa

Sector leaders back income-contingent loans for South Africa

While South Africa’s student protesters are calling for universal free higher education, whether this could be afforded by the country’s government is doubtful. There is widespread acknowledgement that tuition should be free for the poorest families but, as the country remains gripped by an economic crisis, sector leaders believe that the introduction of government-backed income-contingent loans is a more viable solution for the majority. “The demand is ‘free higher education now’; well what about health, what about basic education, what about housing, what about social grants? These are the conversations…

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