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”]

Kaalakaandi Box Office Collection Day 1: Saif Ali Khan’s Film Gets A ‘Slow Start,’ Collects…

Kaalakaandi Box Office Collection Day 1: Saif Ali Khan's Film Gets A 'Slow Start,' Collects...

Box Office: Kaalakaandi: Saif Ali Khan in the film. (Image courtesy: Kaalakaandi Film)

NEW DELHI: 

HIGHLIGHTS

  1. Kaalakaandi features Saif Ali Khan in the lead role
  2. The film grosses Rs. One crore
  3. The film also stars Deepak Dobriyal

Saif Ali Khan’s latest release Kaalakaandi, which opened to positive reviews on Friday, has ‘grossed one crore net’ at the box office on Day 1, Box Office India reported. The film stars Saif Ali Khan as the protagonist, who has been diagnosed with stomach cancer. Saif’s character does not have much time in hand and he realises that he should make the most of the remaining days. Box Office India also reports that because the film is set in the backdrop of Mumbai, it has performed a little better in Mumbai and Pune as compared to other cities. Earlier, of Kaalakaandi, film distributor Akshaye Rathi told Indian Express that the film will perhaps manage a score of Rs.1.5 crores on opening day and that the first weekend collections will be limited to single figures.

Kaalakaandi released at the box office with Anurag Kashyap’s Mukkabaaz and Zareen Khan’s 1921.

1921 was the best out of the three films with collections set to be in the 1.50 crore net range, reported Box Office India while Mukkabaaz had the lowest number with around 75  lakhs net.

In his review for NDTV, film critic Saibal Chatterjee gave Saif’s film 3 stars out of 5. “For cinema trivia geeks, Kaalakaandi is strewn with interesting takeaways. The principal protagonist (Saif Ali Khan), who like the conscientious but dull bureaucrat Watanabe in the Akira Kurosawa classic Ikiru, is diagnosed with stomach cancer and given only a few months to live. The multiple tales unfold in parallel arcs. It is only in the penultimate scenes and a zany final shot that the plot connects a few of the characters but only in a tenuous manner. Kaalakaandi takes a while to warm up but when it does it sets a lively pace, especially in the second half,” he wrote.

Apart from Saif Ali Khan, Kaalakaandi also stars actors like Deepak Dobriyal, Vijay Raaz and Kunaal Roy Kapur.

[“Source-ndtv”]