Tag Archives: Ministry

Bail-in clause in FRDI Bill will only be used sparingly: Finance ministry

Subhash Chandra Garg, secretary in the department of economic affairs in the finance ministry. New Delhi: Seeking to assuage concerns of depositors, the finance ministry on Tuesday defended the bail-in clause in the FRDI Bill and said the provision will only be used sparingly. The ministry also said the bail-in clause in the Financial Resolution and Deposit Insurance Bill, 2017, is ... Read More »

Bitcoin is not legal tender in India: finance ministry

Last week the Ministry of Finance said that virtual currencies (VCs), including bitcoins, are not currencies. “VCs are not currencies. These are also being described as ‘coins’. There is however no physical attribute to these coins. Therefore, VCs are neither currencies nor coins,” the ministry said in a press statement. It further clarified that virtual currencies are not backed by ... Read More »

Finance Ministry warns about cryptocurrencies

The government has joined the Reserve Bank of India in cautioning potential customers from investing in cryptocurrencies such as Bitcoin, likening them to Ponzi schemes. “There has been a phenomenal increase in recent times in the price of virtual ‘currencies’ (VCs) including Bitcoin, in India and globally,” the Finance Ministry said in a statement on Friday. “VCs don’t have any ... Read More »

Board Exams: HRD Ministry instructs Boards, States to refrain from spiking of marks

From next year, spiking of marks in class 10, 12 class board exams will no more be allowed according to the human resource development (HRD) ministry’s new advisory. State Boards along with the Central Board of Secondary Education (CBSE) have been asked to abide by the same. Exception As per HT report, however, school boards will continue with a moderation policy to ... Read More »

Board Exams: HRD Ministry instructs Boards, States to refrain from spiking of marks

From next year, spiking of marks in class 10, 12 class board exams will no more be allowed according to the human resource development (HRD) ministry’s new advisory. State Boards along with the Central Board of Secondary Education (CBSE) have been asked to abide by the same. Exception As per HT report, however, school boards will continue with a moderation policy to ... Read More »

‘Curb corporal punishment in schools’, Menaka Gandhi writes to HRD ministry

After the increasing cases of corporal punishments came into limelight, Maneka Gandhi has written to HRD Minister Prakash Javadekar in order to curb such punishments in schools. Need to curb corporal punishment in schools RELATED STORIES Delhi Nursery Admissions: HC allows admission process to go on Shiamak Davar has a message for CBSE Board aspirants! Dead rat found in midday ... Read More »

Free quality coaching to SCs/STs/OBCs for competitive exams: Ministry of Social Justice and Empowerment

It has been recommended that students belonging to SC and OBC categories having a total family income from all sources of Rs 6 lakh or less per annum are eligible to avail benefits under the scheme. Thawar Chand Gehlot RELATED STORIES DU to hire 4,000 permanent teachers in 2017 AMU students protest against 18 per cent reservation given to Muslims ... Read More »

IITs urged HRD ministry to review fees exemption policy for economically weaker section

In one of its recommendations, the IIT fraternity suggested that the prevailing merit-cum-scholarship scheme should be improvised so that every eligible student can obtain the scholarship. IIT RELATED STORIES Bihar School Examination Board shows signs of successful clean-up in the system post scam Vice-chancellors across North India enter discussion for greater autonomy in universities Bajrang Dal, Congress workers behind recent ... Read More »

Bombay HC demands explanation from the State Ministry for Minority Affairs for scholarship denial

The submission of application form was made offline owing to network difficulties the applicants faced particularly in rural areas last year. Bombay HC give four-week to the respondents RELATED STORIES Financial literacy camp to promote digital hamlet and cashless transaction: Ahmedabad Microsoft hires IIT-Kanpur student with Rs 1.5 crore package Need education for an emancipated society: Chief Justice T S ... Read More »

HRD Ministry to appoint teachers at IIMs and IITs under quota system

The issues revolving over the appointment of teachers in the premier IIMs under the quota system for reserved candidates has once again come to attention. It is speculated that the HRD Ministry would table the issue of reservation over the appointments of teachers with the IIM representatives on September 20. Former HRD Minister Arjun Singh, during the tenure of Manmohon ... Read More »