Rs 10K crore will be given to top 10 universities to make them world-class: Modi

Agencies
October 14, 2017

Oct 14: Lamenting that no Indian university figures among the top 500 globally, Prime Minister Narendra Modi today said the government intends to unshackle these institutions and provide Rs 10,000 crore to 20 varsities to ensure that they are counted among the best in the world.

Addressing a function on the centenary celebrations of the Patna University here, he said measures like grant of central status were "a thing of the past" and his government has taken "a step forward" towards making 10 private universities and 10 government ones world class.

"My government took an important step towards unshackling the IIMs, freeing them from the clutches of restrictions and regulations set by the government.

"We intend to do the same for our universities and ensure that our centres of higher learning figure among the best 500 in the world," Modi said here.

In his speech that lasted a little over 30 minutes, the Prime Minister stressed on the need for universities to give more emphasis on "learning and innovation" and give up old teaching methods which focused on "cramming students' minds with information".

The Prime Minister also replied in his characteristic style to a fervent plea by Bihar Chief Minister Nitish Kumar, who in his welcome address had urged Modi "with folded hands that central status be granted to Patna University".

"I would like to say something about a demand that was raised here and met with loud cheers by the young crowd attending this ceremony. Issues like grant of central status have become a thing of the past. We are taking a step forward.

"We will provide an assistance of Rs 10,000 crore to 10 private universities and an equal number of government ones for a period of five years. All these universities have to do is to demonstrate their potential to become world class," he said.

The universities will not be selected by the prime minister or a chief minister or any other political figure, he said, adding their potential will be assessed by a professional, third party agency.

"I exhort Patna University to seize this opportunity," he said in the presence of a host of dignitaries, which included Kumar and his Deputy Sushil Kumar Modi.

Hailing the role of young IT professionals in changing the global outlook towards India, Modi quipped "earlier we were seen as a land of snake charmers, exorcism and superstitions.

"Long back, while on a visit to Taiwan, I told a friend that we, as a nation, have moved from snakes to the mouse," he said.

Modi said, "We are a nation of 800 million young people, 65 per cent of our population is below the age of 35 years. There is nothing that we cannot achieve with such a huge demographic advantage."

The PM began his speech on a humorous note, saying "the Chief Minister said in his speech that I was the first Prime Minister to visit this university. It seems my predecessors have left quite a few tasks for me".

He also paid rich tributes to the rich and glorious history of Bihar, saying "the stream of knowledge that flows through this state is as ancient as the river Ganges itself".

"The state has been devoting itself to the worship of Saraswati (Goddess of learning). But the time has come to propitiate Laxmi (Goddess of wealth and prosperity) as well and make the state a prosperous one by 2022, when we celebrate 75 years of our Independence," he said

He also remarked "there is no state in the country where one does not find a Patna University alumnus among the top five bureaucrats. I have had the opportunity to work with many such bright officers".

Union Ministers Ravi Shankar Prasad, Ram Vilas Paswan, Ashwini Chaubey and Upendra Kushwaha were among those present during the event.

After attending the PU function, the PM paid an unscheduled visit to the Bihar Museum, situated adjacent to the Patna High Court, which has been a pet project of Chief Minister Nitish Kumar.

The chief minister accompanied Modi during the museum visit.

This is the prime minister's first full-fledged official tour to the state since the BJP became a part of the ruling coalition in Bihar in July this year after Kumar-led JD(U) snapped its alliance with Lalu Prasad's RJD and the Congress.

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News Network
November 10,2024

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Mangaluru: A heart-wrenching tragedy unfolded in the quiet Bellayuru village on the outskirts of Mangaluru as a man’s life ended on a railway track following an apparent double murder. Authorities from the Mulki police station identified the man as Karthik Bhat, 32, whose lifeless body was discovered on the tracks with his head positioned on the rail, indicating a tragic suicide.

Nearby, police recovered keys to a scooter and a house, which eventually led them to uncover a series of chilling events. Following the trail, officers located Bhat’s scooter parked near Mahammayi Temple. Inside the vehicle, they found documents confirming his identity, including an RC, insurance papers, and his driving license.

Their search continued to Bhat's home in Pakshikere, Kemral village, where they discovered a locked room. With the keys retrieved from the tracks, police unlocked the door, only to be confronted by a horrifying sight. The bodies of Priyanka (28) and her young son Hriday (4) lay in a pool of blood, pointing to a brutal murder that occurred just hours before Bhat’s suicide.

Initial investigations suggest Bhat, beleaguered by ongoing family disputes, committed the murders of his wife and son on the evening of November 8 before tragically ending his own life. A death note found in his diary hinted at his mental state and tragic intentions.

Priyanka’s family, residing in Shivamogga, was informed of the incident. The couple, married for six years, now leaves behind grieving relatives and unanswered questions. Police have initiated formal proceedings, collecting statements from family members as they continue their investigation into the tragic sequence of events.

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News Network
November 17,2024

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An Israeli airstrike on the office of Syria’s Baath party in Lebanon’s capital Beirut has killed the Lebanese resistance movement Hezbollah's Media Relations Officer, Mohammad Afif, reports say.

Lebanon's National News Agency (NNA) reported that the Israeli raid struck the Ba'ath party’s building in central Beirut district of Ras Al-Naba'a on Sunday, adding that the strike was an attempt to assassinate the leader of the resistance media front.

According to Baath Secretary-General Ali Hijazi, Afif was having a meeting in the Baath Party headquarters when Israel carried out the attack.

"Afif did not fight with weapons and did not lead a military unit in Hezbollah. Rather, he led a media unit," he said.

Reuters, Sky News, Al Jazeera and a number of Henrew-language media reported that Afif was killed in the Israeli strike.

However, Hezbollah has not yet confirmed Afif’s death or whether he was present at the site or not.

Earlier, the Lebanese Health Ministry said at least one person was killed and three others injured after an Israeli strike targeted a central district in Beirut.

Lebanon's al-Mayadeen television network reported that five people were killed in the attack.

The latest development came after Afif said Hezbollah was behind the Caesarea operation and targeting Netanyahu’s home during a speech at the Ghobeiry area in the southern suburbs of Beirut on October 22.

This was the second assassination attempt on Afif in the last two months, after he survived an attack on the Hezbollah media relations office several weeks ago.

Israel launched a ground assault and massive air campaign against Lebanon in late September after a year of exchanging fire across the Lebanese border in parallel with the Gaza war.

At least 3,287 people have been killed in Israeli strikes in Lebanon over the past year, with the vast majority in the past seven weeks. Another 14,222 have been wounded, mostly women and children.

In response to the ongoing aggression, the Lebanese resistance movement Hezbollah has been staging hundreds of retaliatory strikes against the occupied Palestinian territories and the Israeli forces trying to advance on southern Lebanese areas.

The movement has vowed to sustain its strikes until the regime ends the escalation.

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News Network
November 21,2024

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Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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