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November 26, 2022

NAAC (National Assessment and Accreditation Council), India, announces Revised Logistic Fee for NAAC Peer Experts Team Visit to a Higher Education Institution for its Inspection & Assessment.


NAAC, Accreditation


• NAAC (National Assessment and Accreditation Council), India, has announced its Revised Logistic Fee for Peer Experts Team Visit applicable to all Higher Education Institutions in India.

• After an institution has cleared the Pre-Qualifier Stage, it has to deposit the revised Logistic Fee towards logistic expenses for the arrangement of the NAAC Peer Experts Team’s Visit for Inspection & Assessment of the institution.


NAAC, Accreditation

Source: NAAC


IMPORTANT

Dharmendra Pradhan, Union Minister of Education, Skill Development and Entrepreneurship, Government of India.


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November 24, 2022

Oxford Word of the Year for 2022 will be the People's Choice.


Oxford University Press


Oxford University Press


Oxford, November 22, 2022 — “The Oxford Word of the Year has reflected the year’s mood, ethos, and social landscape for almost two decades. In 2022, the world gradually reopened. For most countries, this has meant reuniting with friends and family, gathering for events, and returning to offices and workplaces,” Oxford University Press (OUP) stated.

“2022 characterizes reunion, reconnection, activism, and social and political change. Therefore, in recognition of that, we are opening up this year’s Oxford Word of the Year for everyone, everywhere, to have their say on what word best reflects their experience of 2022,” OUP added.

Oxford unveiled this news in an exclusive virtual press event chaired by English lexicographer and broadcaster Susie Dent. The panelists included:

The panel discussed why, in a year underpinned by change, OUP had adopted a different approach to choosing its Word of the Year for 2022.

Oxford University Press also revealed the three candidates chosen by their language experts after carrying out their annual duties of researching and reviewing this year’s lexicon. The finalist words put to a public vote include:

• Metaverse n.

A (hypothetical) virtual reality environment in which users interact with one another’s avatars and their surroundings in an immersive way, sometimes posited as a potential extension of or replacement for the internet, World Wide Web, social media, etc.

• IStandWith

It is a hashtag used on social media to express solidarity with a specified cause, group, person, etc.

• Goblin Mode n.

Slang. A type of behavior that is unapologetically self-indulgent, lazy, careless, or greedy, typically in a way that rejects social norms or expectations, frequently in goblin mode or goes goblin mode.

All three words experienced substantial spikes in usage and captured significant concerns, concepts, and states faced this year.

During the Oxford Word of the Year event, Susie Dent praised the fresh approach to this year’s process:

“I’m so excited by this because this is true democracy. English is a democracy; no guiding authority tells us what we can say, what we can’t say, what is correct and what is incorrect. It feels like Word of the Year will reflect that authentic approach. I love it.”

Jonathan Dent also outlined the “evidence-based” process of researching possible candidates for the Oxford Word of the Year.

“Wherever possible, we use corpuses,” Jonathan highlighted.

“These are large bodies of tagged electronic text - the words are all grammatically tagged, and we can analyze the sentences. So it allows us to explore on quite a large scale - linguistic patterns and trends, which words co-occur quite frequently, development of existing words or words moving into different realms.

“For the monitoring and lexicography of current English, we have access to a 19-billion-word corpus, which is updated monthly with new content from around the world. It is our main resource when thinking about Word of the Year; it allows us to see fluctuations and increases in usage in the past twelve months.”

Additionally, Jonathan indicated the reasoning behind metaverse’s inclusion as an Oxford Word of the Year candidate.

“Up until this year, it’s been a relatively low-frequency word in our corpus, but we’ve seen it quadruple in the past year.

“I think as well as reflecting the extent to which social media and the internet increasingly mediate our experience of the world and communication, it also perhaps represents ongoing questions about ownership and regulation on new technologies - especially those by which we communicate.”

For the second candidate, #IStandWith, Fiona McPherson mentioned its usage online to express support.

“By using #IStandWith, people can at least show solidarity for something that may be happening hundreds or thousands of miles away.

“I think this says something quite characteristic about 2022 in that it shows how we’ve come together in solidarity after a difficult number of years. There are still difficulties and horrors in the world, so it’s a way of us coming together and showing solidarity and perhaps expressing how we feel about something.”

Ben Zimmer also gave his thoughts on Goblin Mode as the third Oxford Word of the Year candidate:

“I think Goblin Mode speaks to the times and the zeitgeist, and it is undoubtedly a 2022 expression!

“People are looking at social norms in new ways. It allows people to ditch social norms and embrace new ones.”

“Over the next two weeks, we’ll share insights into the grammatical and linguistic behavior of the words across our social media channels, asking the public to cast their vote and answer the question: Are you #Teammetaverse, #TeamGoblinMode, or #TeamIStandWith?” Oxford University said.

Voting is now open across Oxford University Press’s social media accounts (Twitter, Instagram, and LinkedIn) and website.

Evidenced by the experts at Oxford and chosen by English speakers everywhere, Oxford University Press will monitor the conversation closely and reveal the winner of the Oxford Word of the Year 2022 on December 5, 2022.

Oxford University Press (OUP) is one of the world’s largest university presses with a broad global presence. It prints in many countries, in more than 40 languages, and in various formats - print and digital. As a result, OUP products cover a vast academic and educational spectrum. For example, the Oxford English Dictionary, published by Oxford University Press, is the principal historical dictionary of the English language.

Oxford University Press (OUP) is a department of the prestigious “University of Oxford.”


Source: Oxford University Press

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Edited & Posted by the Editor | 12:13 PM | View the original post





November 22, 2022

Chitkara University Signs MoA with Data Security Council of India to Collaborate for Joint Programs on Cyber Security and Privacy


Chitkara University


Chandigarh, India, November 22, 2022 — Chitkara University has signed a Memorandum of Association (MoA) with the Data Security Council of India (DSCI)’s National Centre of Excellence for Cyber Security Technology Development (NCoE) for collaboration on conducting joint programs on cyber security and privacy.

Dr. Madhu Chitkara, Pro-Chancellor, of Chitkara University, and Mr. Vinayak Godse, CEO of DSCI, signed the MoA on the campus premises. Present on occasion were senior officials and industry stalwarts from the organizations like SBI Cards, ONGC, POSOCO, NHPC, DSCI, SAIL, and LTI Mindtree, to name a few.

Chitkara University and DSCI will work jointly as an official industry partner & focus on various areas for cyber security and privacy with core objectives like

Chitkara University practices research, innovation, and entrepreneurship and operates an Incubation Centre for Research & Development, which focuses on training, developing, and strengthening the practical application of cyber security. Dr. Madhu Chitkara observed, “This association will help students and aspiring scholars keen on pursuing research in Cyber Security, Digital Forensics, and Blockchain Technology.”

The Data Security Council of India (DSCI) is a not-for-profit industry body on data protection in India, set up by NASSCOM, and committed to making cyberspace safe and secure.

The National Centre of Excellence for Cyber Security Technology Development is a joint initiative conceptualized by the Ministry of Electronics & IT (MEITY) and DSCI for setting up connected, concerted & coordinated efforts to catalyze and accelerate cyber security technology development and entrepreneurship in the country.

Chitkara University, with more than 25,000 students and 1,700 staff from over 100 different countries, has the mission of making every student “industry ready.”

Chitkara University has been awarded the rating of A+ by the prestigious National Assessment and Accreditation Council (NAAC), which places it among the 5% of higher education institutions (HEIs) in India to be granted such a coveted grade.

Source: Chitkara University

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National Testing Agency, Department of Higher Education, Ministry of Education, Government of India, has announced the Score Card for the Entrance Test of Delhi University PG (Post Graduate) and Ph.D. Courses (DUET 2022).


New Delhi, November 22, 2022 — National Testing Agency, Department of Higher Education, Ministry of Education, Government of India, has announced the Score Card for the Entrance Test of Delhi University PG (Post Graduate) and Ph.D. Courses (DUET 2022). NTA conducted the test in 28 cities across India.

NTA

Delhi University


NTA, Delhi University


Source: National Testing Agency (NTA)

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November 17, 2022

University Reputation Matters! Times Higher Education announces World University Reputation Rankings 2022


World University Rankings, THE


LONDON: Times Higher Education has announced its World Reputation Rankings 2022. These rankings differ from the Academic Rankings and come from the world’s largest invitation-only opinion survey of senior published academics. The survey asks recognized scholars worldwide to name no more than 15 universities that they believe are the best for research and teaching in their field.

Harvard University tops the ranking for the 12th consecutive year, and the US remains the most represented country, with 56 institutions (one fewer than last year).

The top 10 is dominated by the US and UK, with the only exceptions being China’s Tsinghua University, rising one place to ninth, and Japan’s University of Tokyo, rising three spots to 10th.

China and Japan continue their success elsewhere in the rankings - China built on the progress it made in previous years, and Japan bounced back from a poorer performance last year.

Nine Chinese universities have improved their reputation, while four declined in the rankings and four retained their position. Tsinghua University rose one place to ninth; Peking University climbed two to 13th, and Shanghai Jiao Tong University leaped up 22 spots to 28th. Fudan University, Sichuan University, University of Chinese Academy of Sciences (UCAS), Harbin Institute of Technology, Sun Yat-sen University, and Southeast University also improved.

Like last year, the UK still has the second highest number of representatives in the ranking, but at 24, one fewer than last year. Its highest entry is the University of Oxford, in fourth place.

The ranking includes universities in 32 countries, Times Higher Education said.

India has three institutions in the rankings, Indian Institute of Science, Bangalore (101-125), followed by IIT Bombay (151-175) and IIT Delhi (176-200).


• WORLD UNIVERSITY REPUTATION RANKINGS 2022

RANK — UNIVERSITY — COUNTRY


Source: Times Higher Education

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World University Rankings


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November 16, 2022

Is your University (in India) accredited by NAAC (National Assessment and Accreditation Council)?

NAAC, India


NAAC India


NAAC accreditation provides instant credibility to a Higher Education Institution and authenticates the quality of its —


A seven-member National Assessment and Accreditation Council (NAAC) team has just concluded its visit to the Himachal Pradesh University (HPU), Shimla. It also met with the Himachal Pradesh Governor.

The NAAC group evaluated the university’s performance in curriculum, teaching, learning and evaluation, research, innovation and extension, infrastructure, student support and progression, governance, leadership and management, and best practices.

The team has now announced that Himachal Pradesh University (HPU) has retained the “A” grade. However, its points have declined from 3.21 to 3.07.

The NAAC group praised HPU for adding “Professional Ethics” and “Human, Social, and Environment Values” to the University’s Syllabus. However, the NAAC evaluators have recommended that the university should:




- UPDATE -

NOVEMBER 11, 2022

— NAAC has just issued a Notification to all Higher Education Institutions announcing the Closure of the Extension of the Validity Period of Accreditation.


NaacExtensionNotice.gif



Is yours a “NAAC Accredited University”?

If not, consider getting it accredited. It could be crucial. Remember, one can instantly check the NAAC Accreditation Status of any institution, including yours.


Source: NAAC

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Edited & Posted by the Editor | 10:13 AM | View the original post





November 9, 2022

QS announces Asia University Rankings 2023


QS Asia University Rankings


QS Asia University Rankings, Chandigarh University


Photo: Chandigarh University, India (185th rank) becomes the youngest to feature in the top 200 QS Asia Universities Rankings 2023. Chandigarh University is NAAC Accredited with an “A+” Grade.



LONDON, Nov. 8, 2022 — Quacquarelli Symonds, higher education experts, released the 15th annual QS World University Rankings: Asia — the largest-ever — featuring 760 universities: 61% declining, 14% improving, 15% unchanged, and 10% brand-new.

Peking University claims Asia’s top spot, breaking the National University of Singapore’s four-year run in first. NUS falls to second, while Tsinghua University comes third. China-Mainland has the most universities ranked (128), followed by India (118) and Japan (106).

• Highlights:


Ben Sowter, QS Senior Vice-President, said: “China’s sustained and substantial investment in higher education underpins today’s success, with Peking University named Asia’s best and Tsinghua University third-best. In addition, Singapore continues to punch above its weight, with two top-5 universities.”


QS ASIA 2023 — TOP 20

  1. Peking University, China-Mainland
  2. National University of Singapore, Singapore
  3. Tsinghua University, China-Mainland
  4. The University of Hong Kong, Hong Kong SAR
  5. Nanyang Technological University, Singapore
  6. Fudan University, China-Mainland
  7. Zhejiang University, China-Mainland
  8. KAIST, South Korea
  9. Universiti Malaya, Malaysia
  10. Shanghai Jiao Tong University, China-Mainland
  11. The University of Tokyo, Japan
  12. The Chines University of Hong Kong (CUHK), Hong Kong SAR
  13. Yonsei University, South Korea
  14. The Hong Kong University of Science & Technology (HKUST), Hong Kong SAR
  15. Korea University, South Korea
  16. Kyoto University, Japan
  17. Seoul National University, South Korea
  18. Sungkyunkwan University, South Korea
  19. National Taiwan University, Taiwan
  20. Tokyo Institute of Technology, Japan


QS ASIA 2023 — INDIA — TOP 50

India Rank — QS Asia Rank — University

  1. 40 Indian Institute of Technology Bombay (IITB), Mumbai, India
  2. 46 Indian Institute of Technology Delhi (IITD) New Delhi, India
  3. 52 Indian Institute of Science, Bangalore, India
  4. 53 Indian Institute of Technology Madras (IITM), Chennai, India
  5. 61 Indian Institute of Technology Kharagpur (IIT-KGP), Kharagpur, India
  6. 66 Indian Institute of Technology Kanpur (IITK), Kanpur, India
  7. =85 University of Delhi, New Delhi, India
  8. 114 Indian Institute of Technology Roorkee (IITR), Roorkee, India
  9. 119 Jawaharlal Nehru University, New Delhi, India
  10. =124 Indian Institute of Technology Guwahati (IITG), Guwahati, India
  11. 173 Vellore Institute of Technology (VIT), Vellore, India
  12. 181 University of Calcutta, Kolkata, India
  13. =182 Jadavpur University, Kolkata, India
  14. =185 Anna University, Chennai, India
  15. =185 Chandigarh University, Mohali, India
  16. =185 Indian Institute of Technology Indore, Indore, India
  17. =188 Birla Institute of Technology and Science, Pilani, Pilani, India
  18. =188 Jamia Millia Islamia, New Delhi, India
  19. =200 Amity University, Noida, India
  20. 204 University of Hyderabad, Hyderabad, India
  21. =205 Bharathiar University, Coimbatore, India
  22. =207 Banaras Hindu University, Varanasi, India
  23. =207 Savitribai Phule Pune University, Pune, India
  24. =215 Manipal Academy of Higher Education, Manipal, Karnataka, India
  25. 227 Institute of Chemical Technology, Mumbai, Jalna, India
  26. 228 Thapar Institute of Engineering & Technology, Patiala, India
  27. =243 University of Petroleum and Energy Studies (UPES), Dehradun, India
  28. =248 Indian Institute of Technology Hyderabad, Sangareddy, India
  29. 251-260 Alagappa University,
  30. 251-260 O.P. Jindal Global University, Sonepat, India
  31. 251-260 Shoolini University of Biotechnology and Management Sciences, Solan, India
  32. 251-260 University of Madras, Chennai, India
  33. 261-270 IIT BHU Varanasi, Varanasi, India
  34. 271-280 Aligarh Muslim University, Aligarh, India
  35. 271-280 Indian Institute of Technology Gandhinagar (IITGN), Gandhinagar, India
  36. 281-290 IISER Bhopal, Bhopal, India
  37. 281-290 INDIAN INSTITUTE OF TECHNOLOGY, Dhanbad, India
  38. 281-290 National Institute of Technology Rourkela, Rourkela, India
  39. 281-290 National Institute of Technology, Tiruchirappalli, Tiruchirappalli, India
  40. 291-300 Ashoka University, Sonipat, India
  41. 301-350 Amrita Vishwa Vidyapeetham, Amritapuri, India
  42. 301-350 University of Mumbai, Mumbai, India
  43. 301-350 Guru Nanak Dev University, Amristar, India
  44. 301-350 Indian Institute of Technology Bhubaneswar, Bhubaneswar, India
  45. 301-350 JSS Academy of Higher Education & Research, Mysore, India
  46. 301-350 SRM Institute of Science and Technology, Chennai, India
  47. 301-350 Sathyabama Institute of Science and Technology, Chennai, India
  48. 301-350 Shiv Nadar University, NCR, Dadri, India
  49. 301-350 Tamil Nadu Agricultural University, Pudukkottai, India
  50. 301-350 Panjab University, Chandigarh, India


Source: QS Quacquarelli Symonds

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Edited & Posted by the Editor | 4:23 AM | View the original post





November 5, 2022

The Government of India constitutes a Committee for strengthening the Assessment & Accreditation of Higher Educational Institutions.


Ministry of Education India


NAAC, India

Photo: The National Assessment and Accreditation Council is a government organization in India that assesses and accredits Higher Education Institutions.


New Delhi. November 04, 2022 — For strengthening the Assessment & Accreditation of Higher Educational Institutions, the Government of India has constituted a High-Level Committee under the Chairmanship of Dr. K. Radhakrishnan, Chairperson, Board of Governors, IIT Kanpur & Chairperson, Standing Committee of IIT Council.

The other Members of the Committee include Prof. Mridul Hazarika, Vice-Chancellor, Mahapurusha Srimanta Sankaradeva Viswavidyalaya, Assam; Prof. Bharat Bhasker, Professor, IIM, Lucknow and the Joint Secretary, Department of Higher Education, Ministry of Education, Government of India.

The mandate of the Committee includes strengthening the Assessment & Accreditation processes and preparing a road map for the National Accreditation Council envisioned in the National Education Policy, 2020.

India has one of the world’s largest and most diverse education systems. The Ministry of Education said there had been a widespread expansion in the higher education sector with the government’s concerted efforts.

• The Ministry of Education elaborated:


Source: Ministry of Education, Government of India

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The Editor is a UNESCO—IIEP (International Institute for Educational Planning, Paris) qualified “Independent Appraiser” of Government Education Plans.


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November 2, 2022

University Grants Commission (UGC) India warns Higher Education Institutions to follow its August 02, 2022, Fee Refund Instructions or face Punitive Action.


UGC India


New Delhi, November 02, 2022 — University Grants Commission (UGC) India has reminded all Higher Educational Institutions (HEIs) of its August 02, 2022 notification directing them to make a full refund of fees on account of all cancellations of admissions/migrations of students up to October 31, 2022, for the academic session 2022-2023.

UGC has now conveyed to HEIs that “The Commission has received references in the form of RTI applications/complaints/public grievances/court cases regarding non-refund fees by some universities/institutions violating the UGC Guidelines/Notifications.” “The commission has taken a serious view of such complaints,” UGC said.

UGC has told the institutions that its August 02, 2022, instructions are to be “mandatorily adhered to in letter and spirit.” It has clarified that any institution found to be violating the guidelines and refusing to refund the fee by giving its own (irrelevant/misleading) interpretation shall be liable for punitive action, including the following:



Source: UGC

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October 26, 2022

TIME hosts the Annual TIME100 NEXT Gala celebrating the 100 Individuals who are shaping the Future


TIME


TIME


Photo: Four TIME100 Next covers.



NEW YORK, October 25, 2022 — Tonight, TIME hosts the second TIME100 Next Gala to celebrate the members of its annual TIME100 Next list, an expansion of the TIME100 list of the most influential people in the world. The event will be hosted by Keke Palmer, with special remarks from members of this year’s list, including Simone Ashley, Lily Collins, Nalleli Cobo, Joel Kim Booster, George M. Johnson, Leah Thomas, Leah Thomas, and others, along with TIME co-chair Marc Benioff and TIME editor-in-chief and CEO Edward Felsenthal.

The 2022 TIME100 Next list, which highlights 100 rising stars who are defining the next generation of leadership in business, entertainment, sports, politics, health, science, activism, and more, was revealed on September 28. Here is the Full List:

ARTISTS

PHENOMS

INNOVATORS

LEADERS

ADVOCATES

Members of the TIME100 Next attending the celebration include Keke Palmer, Machine Gun Kelly, Jennette McCurdy, Lily Collins, Simone Ashley, Jonathan Majors, Joel Kim Booster, Law Roach, Lashana Lynch, Joe Alwyn, Donnel Baird, George M. Johnson, Ayo Edebiri, Dan Erickson, Devery Jacobs, Erriyon Knighton, Raul Lopez, Nida Manzoor, Casey McQuiston, Jessica Nouhavandi, Trinity Rodman, Leah Thomas, Taylor Tomlinson, Nalleli Cobo and many more.

Of the rising stars and changemakers on the 2022 list, TIME editor-in-chief and CEO Edward Felsenthal writes: “Real change requires urgency and the determination to respond quickly to global challenges. The leaders featured on this year’s TIME100 Next list have demonstrated that spirit. They are shaping our world—and demanding we join them.”

The 2022 TIME100 Next event is presented by signature partner Booking.com and supporting partners Glenfiddich and HSBC.

Source: TIME

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October 22, 2022

New York City declares Diwali a Public School Holiday from Next Year.


Diwali, New York City


Photo: Diyas of Diwali. Image credit: George Mathew.


Diwali, New York City


Photo: New York City Mayor Eric Adams, New York City Schools Chancellor David Banks, and New York State Assembly Member Jenifer Rajkumar Announce Support for Diwali as Public-School Holiday at a Press Conference.


New York, October 22, 2022 — Diwali will be a public holiday in New York City Schools starting in 2023. New York Assembly Member Jenifer Rajkumar announced this. She said, “Today, South Asian and Indo-Caribbean families like mine all over this city have made incredible contributions. And today, I’m proud to say our time has come. The time has come to recognize over 200,000 New Yorkers of the Hindu, Buddhist, Sikh, and Jain faiths who celebrate Diwali, the Festival of Lights. That is why today I stand with New York City Mayor Eric Adams and our school’s chancellor, David Banks, to light the way forward to make Diwali, once and for all, a school holiday in the City of New York.”

“Soon, the New York City Department of Education will be able to institute the Diwali holiday on the school calendar,” Jenifer Rajkumar added.

“Next week, we will celebrate Diwali, a celebration of good over evil, light over darkness, of the human ability to overcome, exemplified by Rama’s defeat of evil. In addition, we will celebrate the Hindu principles of interfaith, harmony, love, and tolerance for all New Yorkers. Today I am proud that New York City will soon join jurisdictions across the country and institute the Diwali school holiday. Thank you, and Happy Diwali to everyone in New York and worldwide,” Ms. Rajkumar elaborated.

New York City Schools Chancellor David Banks remarked, “There’s a reason this is the greatest city in the world because the whole world lives here, and they all go to school here. And we must honor and recognize our young people. So celebrating light, the triumph of light over darkness, is critically important.”

New York City Mayor Eric Adams concluded, “I learned so much about the Diwali holiday and the Festival of Lights. As we deal with so much darkness around us, we fail to realize the overwhelming amount of light around us. And when we take this period to acknowledge Diwali, we are acknowledging the light within us, the light that clearly can push away the darkness, which is why this is so significant.”

Source: City of New York Press Office

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October 17, 2022

International Monetary Fund Financial Committee Press Briefing


IMF


Photo: The Governor, Reserve Bank of India, Shaktikanta Das, confers with another Central Bank Governor during IMFC Restricted Early Warning Exercise Meeting in Washington, DC. IMF Managing Director Kristalina Georgieva, First Deputy Managing Director Gita Gopinath, Deputy Managing Director Bo Li, and Deputy Managing Director Kenji Okamura also participated in the International Monetary and Financial Committee Restricted Early Warning Exercise during the 2022 Annual Meetings at the International Monetary Fund. October 13, 2022. Washington, DC, United States. IMF Photo/Allison Shelley.


IMF


Photo: IMF Managing Director Kristalina Georgieva takes her seat before the Annual Meetings Plenary at the International Monetary Fund. October 14, 2022. Washington, DC, United States. IMF Photo/Allison Shelley.


IMF


Photo: IMF Managing Director Kristalina Georgieva participates in the Debate on Global Economy Seminar during the 2022 Annual Meetings at the International Monetary Fund. October 13, 2022. Washington, DC, United States. IMF Photo/Joshua Roberts.


IMF


Photo: IMF Managing Director Kristalina Georgieva, First Vice President of Spain and IMFC Chair Nadia Calvino, and Secretary General of the United Nations, António Guterres, participate in the IMFC Plenary Session during the 2022 Annual Meetings at the International Monetary Fund. October 14, 2022. Washington, DC, United States. IMF Photo/Cory Hancock.


Washington, DC, October 15, 2022 — International Monetary Fund Financial Committee (IMFC) Chair Nadia Calvino and IMF Managing Director Kristalina Georgieva summarized the outcome of the 46th IMFC at the 2022 IMF-World Bank Annual Meetings.


IMF Managing Director Kristalina Georgieva said that the message from the IMF is clear.


We recognize that we need to do more, especially in debt. So meeting participants are urging the IMF to forcefully step forward with possible solutions to bring more impactful needs to the standard framework. They are also asking to proactively work for the creditors and debtors to seek an early resolution to the problems for which we need clear guidelines. We need more predictability, and we need fair treatment of all creditors, public and private. Finally, I want to finish by saying what I said in the end. We were running out of time, and you turned to me and said, How would you sum up this meeting? And my summing up was to buckle up and keep going. And this is what we intend to do, said Georgieva.


IMF Managing Director Kristalina Georgieva called for an end to Russia’s war on Ukraine.


“On a very human, practical, and objective level. Stop the war. Stop the war. I’m looking at this audience. Wouldn’t you think this is the most straightforward way to get the world economy in better shape? Stop the war,” said Georgieva.


IMFC Chair Nadia Calvino highlighted the global economic situation as a factor in the growth of far-right extremism.


“The current environment is one of slowing down growth, high cost of living or increasing cost of living in many parts of the world. But, in addition, big changes involve digitalization, climate change, geopolitical shift, and rising inequality in many of our countries. And this is an environment which is quite open to the messages of people that have elementary and ineffective and wrong solutions to complex matters,” said Calvino.


Source: IMF (International Monetary Fund)

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— The editor is a Financial Market Analyst qualified from the International Monetary Fund Institute for Capacity Development, Washington, DC.


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Edited & Posted by the Editor | 4:54 AM | View the original post





October 15, 2022

India's Minister for Finance and Corporate Affairs, Nirmala Sitharaman, addresses scholars of the School of Advanced International Studies (SAIS), John Hopkins University.


John Hopkins University


Photo: India’s Minister for Finance and Corporate Affairs, Nirmala Sitharaman, shares her thoughts on India’s unique Digital Public Goods (DPG) story and multiplier effects created in India through the interlinkages of “Technology, Finance, and Governance” at the School of Advanced International Studies (SAIS), John Hopkins University. October 14, 2022. Washington, DC.

Source: Ministry of Finance, India

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October 12, 2022

Times Higher Education announces World University Rankings 2023



Times Higher Education



New York, October 12, 2022 — The Times Higher Education has published its World University Rankings 2023. It includes 1,799 universities across 104 countries and regions, making them the largest and most diverse university rankings.

The table uses 13 calibrated performance indicators that measure an institution’s performance across four areas: teaching, research, knowledge transfer, and international outlook.

According to THE, this year’s ranking analyzed over 121 million citations across more than 15.5 million research publications and included survey responses from 40,000 scholars globally. Overall, THE collected over 680,000 data points from more than 2,500 institutions that submitted data.

The University of Oxford tops the ranking for the seventh consecutive year. Harvard University remains in second place, but the University of Cambridge jumped from joint fifth last year to joint third.

Italy’s Humanitas University is the highest new entry, ranked in the 201-250 bracket.

The US is the most-represented country overall, with 177 institutions and the most represented in the top 200 (58).

Mainland China now has the fourth-highest number of institutions in the top 200 (11, compared with ten last year), overtaking Australia, which has dropped to fifth (joint with the Netherlands).

Five countries enter the ranking for the first time - all in Africa (Zambia, Namibia, Mozambique, Zimbabwe, and Mauritius).


• THE World University Rankings 2023 — Top 100 Institutions

  1. University of Oxford. The United Kingdom.
  2. Harvard University. The United States.
  3. University of Cambridge. The United Kingdom.
  4. Stanford University. The United States.
  5. Massachusetts Institute of Technology. The United States.
  6. California Institute of Technology. The United States.
  7. Princeton University. The United States.
  8. University of California, Berkeley. The United States.
  9. Yale University. The United States.
  10. Imperial College London. The United Kingdom.
  11. Columbia University. The United States.
  12. ETH Zurich. Switzerland.
  13. The University of Chicago. The United States.
  14. University of Pennsylvania. The United States.
  15. Johns Hopkins University. The United States.
  16. Tsinghua University. China.
  17. Peking University. China.
  18. University of Toronto. Canada.
  19. National University of Singapore. Singapore.
  20. Cornell University. The United States.
  21. University of California, Los Angeles. The United States.
  22. UCL. The United Kingdom.
  23. University of Michigan-Ann Arbor. The United States.
  24. New York University. The United States.
  25. Duke University. The United States.
  26. Northwestern University. The United States.
  27. University of Washington. The United States.
  28. Carnegie Mellon University. The United States.
  29. University of Edinburgh. The United Kingdom.
  30. Technical University of Munich. Germany.
  31. University of Hong Kong. Hong Kong.
  32. University of California, San Diego. The United States.
  33. LMU Munich. Germany.
  34. University of Melbourne. Australia.
  35. King’s College London. The United Kingdom.
  36. Nanyang Technological University, Singapore. Singapore.
  37. London School of Economics and Political Science. The United Kingdom.
  38. Georgia Institute of Technology. The United States.
  39. The University of Tokyo. Japan.
  40. University of British Columbia. Canada.
  41. École Polytechnique Fédérale de Lausanne. Switzerland.
  42. KU Leuven. Belgium.
  43. Heidelberg University. Germany.
  44. Monash University. Australia.
  45. Chinese University of Hong Kong. Hong Kong.
  46. McGill University. Canada.
  47. Paris Sciences et Lettres - PSL Research University Paris. France.
  48. University of Illinois at Urbana-Champaign. The United States.
  49. Karolinska Institute. Sweden.
  50. University of Texas at Austin. The United States.
  51. Fudan University. China.
  52. Shanghai Jiao Tong University. China.
  53. The University of Queensland. Australia.
  54. University of Manchester. The United Kingdom.
  55. University of Sydney. Australia.
  56. Seoul National University. South Korea.
  57. Washington University in St Louis. The United States.
  58. The Hong Kong University of Science and Technology. Hong Kong.
  59. Wageningen University & Research. The Netherlands.
  60. University of Amsterdam. The Netherlands.
  61. Brown University. The United States.
  62. Australian National University. Australia.
  63. University of California, Davis. The United States.
  64. University of California, Santa Barbara. The United States.
  65. University of Southern California. The United States.
  66. Utrecht University. The Netherlands.
  67. Zhejiang University. China.
  68. Kyoto University. Japan.
  69. University of North Carolina at Chapel Hill. The United States.
  70. Delft University of Technology. The Netherlands.
  71. Boston University. The United States.
  72. UNSW Sydney. Australia.
  73. Charité - Universitätsmedizin Berlin. Germany.
  74. University of Science and Technology of China. China.
  75. University of Groningen. The Netherlands.
  76. University of Bristol. The United Kingdom.
  77. Leiden University. The Netherlands.
  78. Yonsei University (Seoul campus). South Korea.
  79. Hong Kong Polytechnic University. Hong Kong.
  80. Erasmus University Rotterdam. The Netherlands.
  81. University of Wisconsin-Madison. The United States.
  82. Emory University. The United States.
  83. University of Glasgow. The United Kingdom.
  84. University of Zurich. Switzerland.
  85. McMaster University. Canada.
  86. Humboldt University of Berlin. Germany.
  87. University of Tübingen. Germany.
  88. University of Adelaide. Australia.
  89. University of Bonn. Germany.
  90. Sorbonne University. France.
  91. Free University of Berlin. Germany.
  92. Korea Advanced Institute of Science and Technology (KAIST). South Korea.
  93. Université Paris-Saclay. France.
  94. University of Bern. Switzerland.
  95. University of California, Irvine. The United States.
  96. Institut Polytechnique de Paris. France.
  97. Nanjing University. China.
  98. Vanderbilt University. The United States.
  99. City University of Hong Kong. Hong Kong.
  100. RWTH Aachen University. Germany.


• INDIA -Top 25

TIMES HIGHER EDUCATION RANK — UNIVERSITY


Source: Times Higher Education

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Edited & Posted by the Editor | 9:50 AM | View the original post





October 11, 2022

IMF releases World Economic Outlook Report October 2022


IMF


Photo: Behinds the scenes during the 2022 Annual Meetings at the International Monetary Fund. Washington, DC, United States. October 10, 2022. IMF Photo/STEPHEN VOSS.


IMF


Photo: IMF Managing Director Kristalina Georgieva participates in a meeting at the Global Center on Adaptation. Rotterdam, Netherlands. September 5, 2022. IMF Photo/Eric Kampherbeek.


Washington, October 11, 2022 — The IMF projects global growth is slowing under the burden of high inflation, the impact of Russia’s war in Ukraine, and the lingering effects of the pandemic, announced Pierre-Olivier Gourinchas, the IMF’s Chief Economist on Tuesday, October 11 in Washington, DC.

The Fund expects global growth to remain unchanged in 2022 at 3.2 percent and to slow down to 2.7 percent in 2023—0.2 percentage points lower than the July forecast—with a 25 percent probability that it could fall below 2 percent.

“The global economy is weakening further and facing a fragile environment. The outlook continues to be shaped by three forces. Persistent and broadening inflation, causing a cost-of-living crisis, the Russian invasion of Ukraine and the associated energy crisis, and the economic slowdown in China. This year’s projection for world GDP growth is unchanged at 3.2%, as in the July World Economic Outlook update. Global growth is forecast to slow to 2.7% in 2023, 0.2 percentage points lower than projected in July. The slowdown is broad-based. More than a third of the global economy will contract in 2023, while the three largest economies in the world, the United States, the Euro area, and China, will continue to stall. For the first time, we calculated risks around the baseline projections. We find there is a 25% chance that growth will fall below 2% in 2023. It happened exceedingly rarely in the past, and a 10 to 15% chance it will fall below 1%, corresponding to a decline in real output per capita,” said Gourinchas.


IMF Projection


Downside risks remain elevated, while policy trade-offs to address the cost-of-living crisis have become acutely challenging. Moreover, monetary, fiscal, or financial policy miscalibration risk has risen sharply when the world economy remains historically fragile and economic markets show signs of stress.

Gourinchas explained that, unfortunately, most risks to the outlook are to the downside:

  1. Monetary policy miscalibration is risky during high uncertainty and fragility. In particular, we are concerned that central banks will ease too early, causing inflation to remain excessively high and requiring a much more significant loss of output later.
  2. A persistently strong dollar could fuel inflation and amplify financial tightening, especially in emerging markets and developing economies.
  3. High post-pandemic debts and higher borrowing costs could cause widespread debt distress in low-income countries.
  4. China’s more profound real estate crisis could cause severe financial stress.
  5. The war could further destabilize energy markets.
  6. A resurgence of the pandemic would hit under-vaccinated regions hard, especially Africa.
  7. Further geopolitical fragmentation could hamper global policy coordination and trade.


Persistent and broadening inflation pressures have triggered a rapid and synchronized tightening of monetary conditions, alongside a robust appreciation of the US dollar against most other currencies. Tighter global economic and financial conditions will work their way through the economy, gradually weighing demand down and helping to subjugate inflation.

IMFGrowth Chart

“The biggest fight now is the fight against inflation. Central banks are laser-focused, and they need to keep a steady hand. Growth will slow in 2023 as conditions tighten and some financial fragilities may emerge. But the main priority should be to restore price stability. It is the bedrock of future economic prosperity. Next, fiscal policy needs to be guided by coherent economic principles. First, pandemic-era stimulus should be withdrawn and buffers rebuilt. Second, fiscal policy should not work at cross-purposes with monetary policy. Third, the energy crisis will be long-lasting. Solving it requires supply to increase and demand to decrease. Price signals will be important to achieve that. Fourth, governments should provide direct, temporary, and targeted help to low- and middle-income families. Finally, many countries are struggling with the strength of the dollar. Yet this reflects mostly the speed of the tightening cycle in the United States and the energy crisis. Unless financial markets become severely disrupted, monetary policy should focus on inflation while allowing the exchange rate to adjust to underlying economic forces,” warned Gourinchas.

Source: IMF (International Monetary Fund)

|GlobalGiants.Com|

— The editor has an Academic Certificate in “Financial Market Analysis” issued by “Institute for Capacity Development, International Monetary Fund, Washington, DC.”


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Edited & Posted by the Editor | 11:59 AM | View the original post





October 10, 2022

UGC India invites comments on Draft University Grants Commission (Conferment of Autonomous Status Upon Colleges and Measures for Maintenance of Standards in Autonomous Colleges) Regulations, 2022.


• UGC India issues a Public Notice inviting comments/suggestions on Draft University Grants Commission (Conferment of Autonomous Status Upon Colleges and Measures for Maintenance of Standards in Autonomous Colleges) Regulations, 2022.


UGC-AutoColleges-001.gif

These Regulations shall apply to all Colleges/Institutions affiliated to or constituent of Universities seeking the conferment of “Autonomous College” status.

Source: UGC India

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Edited & Posted by the Editor | 10:17 AM | View the original post





The Royal Swedish Academy of Sciences awards the 2022 Nobel Prize in Economic Sciences to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig “for research on banks and financial crises.”


Economics Nobel Prize Winners


Photo: 2022 Nobel Prize in Economic Sciences Winners: Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig.


10 October 2022

The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022 to

“for research on banks and financial crises.”

Their discoveries improved how society deals with financial crises. This year’s laureates in the Economic Sciences, Ben Bernanke, Douglas Diamond, and Philip Dybvig, have significantly improved our understanding of the role of banks in the economy, particularly during financial crises. An important finding in their research is why avoiding bank collapses is vital.

Modern banking research clarifies why we have banks, how to make them less vulnerable to crises and how bank collapses exacerbate financial problems. Ben Bernanke, Douglas Diamond, and Philip Dybvig laid the foundation of this research in the early 1980s. Their analyses have been of great practical importance in regulating financial markets and dealing with financial crises.

For the economy to function, savings must be channeled to investments. However, there is a conflict here: savers want instant access to their money in case of unexpected outlays. On the other hand, businesses and homeowners need to know they will not be forced to repay their loans prematurely. In their theory, Diamond and Dybvig show how banks offer an optimal solution to this problem. By acting as intermediaries accepting deposits from many savers, banks can allow depositors to access their money when they wish while offering long-term loans to borrowers.

However, their analysis also showed how these two activities make banks vulnerable to rumors about their imminent collapse. If many savers simultaneously run to the bank to withdraw their money, the story may become a self-fulfilling prophecy - a bank run occurs, and the bank collapses. The government providing deposit insurance and acting as a lender of last resort to banks can prevent these dangerous dynamics.

Diamond demonstrated how banks perform another societally important function. As intermediaries between many savers and borrowers, banks are better suited to assessing borrowers’ creditworthiness and ensuring that loans are used for suitable investments.

Ben Bernanke analyzed the Great Depression of the 1930s, the worst economic crisis in modern history. Among other things, he showed how bank runs were a decisive factor in the situation becoming so deep and prolonged. When the banks collapsed, valuable information about borrowers was lost and could not be recreated quickly. Society’s ability to channel savings to productive investments was thus severely diminished.

“The laureates’ insights have improved our ability to avoid serious crises and expensive bailouts,” remarked Tore Ellingsen, Chair of the Committee for the Prize in Economic Sciences.

Sources: The Nobel Prize / The Royal Swedish Academy of Sciences

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Edited & Posted by the Editor | 8:22 AM | View the original post





October 6, 2022

World Teachers' Day: UNESCO alarms about the global teacher shortage crisis.


World Teachers Day2022


Paris, October 5, 2022 — On World Teachers’ Day, Audrey Azoulay, Director-general of UNESCO, called governments worldwide to step up their support for teachers, warning that the profession is struggling to retain its workforce and attract new talent. Worldwide, 69 million teachers are needed to reach universal primary education by 2030.

UNESCO’s estimates indicate the need for an additional 24.4 million teachers in primary education and some 44.4 million teachers for secondary education to achieve universal primary education by 2030.

New UNESCO figures unveiled for 2022 World Teachers’ Day show that, in sub-Saharan Africa, 5.4 million teachers are needed at the primary level and 11.1 million at the secondary level for achieving the targets set by the 2030 Agenda. Southern Asia is the region with the second largest deficit. Here UNESCO projects that 1.7 million additional teachers will be needed at the primary level and 5.3 million at the secondary level.

In low-income countries, the first obstacle is the heavy workload. According to new UNESCO data, each primary teacher in these countries has an average of 52 pupils per class at the primary level, while the global average is 26. The ratio is exceptionally high in sub-Saharan Africa - 56 pupils per teacher - and Southern Asia - 38. In Europe and North America, there are only 15 pupils per teacher on average.

A lack of training amplifies supervision difficulties. In addition, teachers do not always have all the tools at hand to succeed in the classroom. For example, UNESCO data shows that about 26% of primary and 39% of secondary school teachers do not have the minimum qualification requirements in low-income countries, compared to 14% and 16% globally.

Non-competitive salaries also accentuate the vocational crisis. UNESCO data shows that 6 out of 10 countries pay primary school teachers less than professionals with similar qualifications. This criterion is particularly evident in high-income countries. In 5 out of 6 countries in this group, primary school teachers earn less than other comparable professionals. Three high-income countries have a commendable teacher salary policy: Singapore, with an average salary of 139% of similar professions, Spain (125%), and the Republic of Korea (124%).

World Teachers’ Day is held annually on October 5 to celebrate all teachers around the globe. It commemorates the anniversary of adopting the 1966 ILO/UNESCO Recommendation concerning the Status of Teachers, which sets benchmarks regarding the rights and responsibilities of teachers, and standards for their initial preparation and further education, recruitment, employment, and teaching and learning conditions. In addition, the Recommendation concerning the Status of Higher-Education Teaching Personnel was adopted in 1997 to complement the 1966 Recommendation by covering teaching personnel in higher education.

Source: UNESCO

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Edited & Posted by the Editor | 1:55 AM | View the original post





October 4, 2022

Got a Grudge against a Higher Education institution (especially a Public University) in India? No Problem! University Grants Commission launches Online Grievance Redressal System: e-Samadhaan


UGC India


New Delhi, October 04, 2022 — The Chairman of the University Grants Commission (UGC), Professor Mamidala Jagadesh Kumar, has just completed his live interaction with the stakeholders of the newly launched “e-Samadhaan” Portal. The “Editor” too participated in the discussion, with the UGC Chairman concluding by wishing everyone “A Happy Dussehra.”

The University Grants Commission (UGC) India has officially launched Online Grievance Redressal System “e-Samadhaan.” It is a specialized portal that would facilitate Students/Faculties/Institutes, and other Complainants to lodge grievances/grudges, send reminders, and view the status of action taken about their resentment(s).

The Portal’s primary aim is to ensure admission transparency, prevent unfair practices in higher educational institutions, and provide a mechanism to redress grievances. The system also facilitates the universities to search and browse grievances lodged against their university and post the action they have taken against the complaints on the Portal.

A Complainant can lodge various grievances, including the following:

The Portal would help identify the institutions which are not responding to the grievances, thus making the Commission take stringent measures against them.

Source: UGC India

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Edited & Posted by the Editor | 7:17 AM | View the original post





September 30, 2022

QS Global MBA & Business Master's Rankings 2023


• The world’s best business schools and programs for future business leaders.


QS


LONDON, Sept. 29, 2022 — QS Quacquarelli Symonds, Graduate Management Education analysts, released their annual rankings naming the world’s premier study destinations for aspiring future business leaders.

The evaluation includes the QS Global Full-Time MBA Rankings and a series of Business Master’s Rankings, providing insight to those wishing to undertake a course of study in a career-enhancing qualification in high demand among employers.

For the third consecutive year, Stanford GSB’s full-time MBA has been named the world’s #1, followed by Harvard Business School (2nd) and The Wharton School (3rd).

• QS Global Full-Time MBA Top-20

Business School, Country

  1. Stanford GSB, USA
  2. Harvard, USA
  3. Penn (Wharton), USA
  4. HEC Paris, France
  5. London Business School, UK
  6. MIT (Sloan), USA
  7. IE Business School, Spain
  8. Columbia Business School, USA
  9. INSEAD, France/Singapore/UAE
  10. IESE, Spain
  11. UC Berkeley (Haas), USA
  12. Cambridge (Judge), UK
  13. Chicago (Booth), USA
  14. Northwestern (Kellogg), USA
  15. UCLA (Anderson), USA
  16. Oxford (Said), UK
  17. ESADE, Spain
  18. Yale, USA
  19. NYU (Stern), USA
  20. Michigan (Ross), USA


• QS ranked 300 MBA programs worldwide.

Each Business Master’s Ranking is compiled according to program performance in five key metrics: Employability, Entrepreneurship and Alumni Outcomes, Return on Investment, Thought Leadership, and Class & Faculty Diversity. (Methodology).

QS President Nunzio Quacquarelli said: “Our rankings offer independent insights to carer-minded and discerning prospective students who are invited to discuss the findings with peers, business schools, and our analysts at our in-person and virtual master’s and MBA networking events.”

Source: QS Quacquarelli Symonds

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