Higher education in India gets a Rs 8,000 crore boost

Government’s estimated schematic budgetary expenditure on health, education and social protection for 2018-19 is Rs 1.38 trillion. Photo: HT

Government’s estimated schematic budgetary expenditure on health, education and social protection for 2018-19 is Rs 1.38 trillion. Photo: HT

New Delhi: To increase investment in higher educational institutions, the Union Cabinet today approved a proposal for expanding the scope of Higher Education Financing Agency (HEFA) by expanding its capital base to Rs 10,000 crore and tasking it to mobilise Rs 1 trillion by 2022.

Briefing reporters after the Cabinet meeting chaired by Prime Minister Narendra Modi, Union minister Ravi Shankar Prasad said the government wants to increase investments in higher education, for which an announcement was made in the last budget and HEFA was established.

“At that time its authorised capital was Rs 2,000 crore and now it has been increased to Rs 10,000 crore,” Prasad said, adding that earlier central government universities and other new varsities didn’t get advantage of HEFA but in today’s cabinet meeting, it was decided that they can utilise this fund.

In his Union Budget 2018, the then finance minister Arun Jaitley had announced a new initiative of the government—‘‘Revitalising Infrastructure and Systems in Education (RISE)”—to step up investments in research and related infrastructure in premier educational institutions, including health institutions. HEFA, a joint venture company of Canara Bank and Ministry of Human Resource Development which provides financial assistance for creation of educational infrastructure and R&D in India’s premier higher educational Institutions, was tasked to fund this initiative.

Government’s estimated schematic budgetary expenditure on health, education and social protection for 2018-19 is Rs 1.38 trillion against estimated expenditure of Rs 1.22 trillion in 2017-18.

[“Source-livemint”]

Higher education in India gets a Rs 8,000 crore boost

Government’s estimated schematic budgetary expenditure on health, education and social protection for 2018-19 is Rs 1.38 trillion. Photo: HT

Government’s estimated schematic budgetary expenditure on health, education and social protection for 2018-19 is Rs 1.38 trillion. Photo: HT

New Delhi: To increase investment in higher educational institutions, the Union Cabinet today approved a proposal for expanding the scope of Higher Education Financing Agency (HEFA) by expanding its capital base to Rs 10,000 crore and tasking it to mobilise Rs 1 trillion by 2022.

Briefing reporters after the Cabinet meeting chaired by Prime Minister Narendra Modi, Union minister Ravi Shankar Prasad said the government wants to increase investments in higher education, for which an announcement was made in the last budget and HEFA was established.

“At that time its authorised capital was Rs 2,000 crore and now it has been increased to Rs 10,000 crore,” Prasad said, adding that earlier central government universities and other new varsities didn’t get advantage of HEFA but in today’s cabinet meeting, it was decided that they can utilise this fund.

In his Union Budget 2018, the then finance minister Arun Jaitley had announced a new initiative of the government—‘‘Revitalising Infrastructure and Systems in Education (RISE)”—to step up investments in research and related infrastructure in premier educational institutions, including health institutions. HEFA, a joint venture company of Canara Bank and Ministry of Human Resource Development which provides financial assistance for creation of educational infrastructure and R&D in India’s premier higher educational Institutions, was tasked to fund this initiative.

Government’s estimated schematic budgetary expenditure on health, education and social protection for 2018-19 is Rs 1.38 trillion against estimated expenditure of Rs 1.22 trillion in 2017-18.

[“Source-livemint”]

 

Higher education in India gets a Rs 8,000 crore boost

Government’s estimated schematic budgetary expenditure on health, education and social protection for 2018-19 is Rs 1.38 trillion. Photo: HT

Government’s estimated schematic budgetary expenditure on health, education and social protection for 2018-19 is Rs 1.38 trillion. Photo: HT

New Delhi: To increase investment in higher educational institutions, the Union Cabinet today approved a proposal for expanding the scope of Higher Education Financing Agency (HEFA) by expanding its capital base to Rs 10,000 crore and tasking it to mobilise Rs 1 trillion by 2022.

Briefing reporters after the Cabinet meeting chaired by Prime Minister Narendra Modi, Union minister Ravi Shankar Prasad said the government wants to increase investments in higher education, for which an announcement was made in the last budget and HEFA was established.

“At that time its authorised capital was Rs 2,000 crore and now it has been increased to Rs 10,000 crore,” Prasad said, adding that earlier central government universities and other new varsities didn’t get advantage of HEFA but in today’s cabinet meeting, it was decided that they can utilise this fund.

In his Union Budget 2018, the then finance minister Arun Jaitley had announced a new initiative of the government—‘‘Revitalising Infrastructure and Systems in Education (RISE)”—to step up investments in research and related infrastructure in premier educational institutions, including health institutions. HEFA, a joint venture company of Canara Bank and Ministry of Human Resource Development which provides financial assistance for creation of educational infrastructure and R&D in India’s premier higher educational Institutions, was tasked to fund this initiative.

Government’s estimated schematic budgetary expenditure on health, education and social protection for 2018-19 is Rs 1.38 trillion against estimated expenditure of Rs 1.22 trillion in 2017-18.

[“Source-livemint”]

Xiaomi Mi 7 and 8th Anniversary Edition Phone Tipped to Launch in May; May Be Called Mi 8 Instead

Xiaomi Mi 7 and 8th Anniversary Edition Phone Tipped to Launch in May; May Be Called Mi 8 Instead

HIGHLIGHTS

  • Mi 7 and 8th-anniversary edition smartphones expected
  • Xiaomi may unveil Mi 8 to align with its anniversary
  • New smartphone may have 3D facial sensing

Chinese mobile maker Xiaomi is expected to launch the successor to its premium Mi 6 smartphone this year. Xiaomi fans were expecting a Mi 7 handset to be launched at MWC 2018, but that did not happen, and the company went on to unveil the Mi Mix 2S in March. However, the latest leaks suggest that Xiaomi will launch the smartphone later this month. Interestingly, reports also suggest that the company either launch two smartphones this year or will reportedly skip its Mi 7 branding to go for just Mi 8.

As per a MyDrivers report, Xiaomi will launch two handsets in May 2018. While one of them is said to be the Xiaomi Mi 7, the other is said to be the firm’s 8th-anniversary edition. The leak claims that the special edition will be the highlight of the launch event. The new smartphone dubbed as the 8th Anniversary Edition phone is rumoured to be unveiled by the end of this month, and it may come with 3D facial recognition feature like the one present in Apple iPhone X. According to the report, it will be the first Android smarphone to feature 3D facial recognition. Similar to the Mi 7, Xiaomi’s 8th Anniversary Edition phone is said to be powered by the Snapdragon 845 coupled with 8 GB of RAM.

Coming to the nomenclature, Mocha RQ, a blogger in China wrote on microblogging site Weibo that Xiaomi will skip the Mi 7 name in favour of Mi 8. Chinese firms are usually obsessed with numbers. It is reminiscent of the time when another Chinese manufacturer OnePlus had skipped a OnePlus 4 smartphone because the number ‘4’ is considered unlucky in China. The blogger explained that Xiaomi wants the name to align with its 8th anniversary. Also, the blogger added that the handset will be announced in May this year.

To recall, another report in April claimed that Xiaomi may, in fact, be one of the first brands to unveil a handset with 3D facial sensing with the launch of the latest Mi flagship. The report had also claimed that Xiaomi’s plans to launch the smartphone with a Snapdragon 845 SoC in the first quarter this year have been delayed. Instead, the smartphone might see an unveiling after the third quarter.

In terms of specifications, the company CEO has already hinted that the Mi 7 will come with an under-display fingerprint sensor. Additionally, reports have suggested that the phone will come with 6GB RAM and Android 8.0.0 Oreo.

[“Source-gadgets.ndtv”]