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At least three years, the rate required for implementation: IIMB

Bangalore, July 26 (PTI) the possibility of the implementation of 27 per cent in the unemployment rate for OBCs Indian Institute of Management, Bangalore, within one year, the IIMB director Prakash G Apte said today Today a minimum of three years or four years, was probably necessary.

“A year .. We simply can not do so. You can not be done,” said Reporters Apte at a meeting of the Board of Governors, the question of whether the IIMB, the rate of one year, when the Department of Human Resources Development directs him to do.

“It must have a period of at least three years or four years, probably,” said Apte. However, he stressed that the meeting does not exceed the rate of problem today.

Apte said “some IIMS three years and a few other four to five years (for the implementation of quotas).

IIMB to pay only 50 pc of Rs 3.19 cr as income tax.

The Indian Institute of Management, Bangalore, which appealed against slapping of a whopping Rs 3.19 crore income tax by the department, will now pay only 50 per cent of the amount, a top IIMB source said.

“Tax authorities raised a demand for Rs 3.19 crore for the assessment year 2003-04. We have appealed against this and have now been asked to pay 50 per cent of the amount,” Ketoki Basu, Financial Controller, IIMB told PTI today.

Taking into account the returns filed by the B-school for the assessment year 2003-04, the IT department denied exemption under section 10 (23C) (iiiab) of the IT act, 1961, on the grounds that “we (IIMB) are not wholly or substantially financed by the government,” she said.

The IIMB, she said, has filed an appeal against this and “we are also contesting the denial of the benefit under sections 11 to 13 of the Income Tax Act, 1961.” The B-school has also written to the Human Resource Development Minstry (MHRD), for a notification stating it (IIMB) is “wholly or substantially financed by the government,” Basu said.

However, till date the IIMB, has not received any response on the application, she said.

Indian Institute of Management to open campus in Singapore.

Giving in to pressure from academia and corporate guide, the Indian government has granted permission on the Indian Institute of Management, Bangalore to open a new campus in Singapore. The research activities and management Education Center’s only IIMB campus of Southeast Asia.

If IIMB sought permission to open the facility in Singapore in November last year, officials of Human Resources Development Ministry said IIM law does not allow open offices overseas. Officer employee beyond the need to meet the needs at home. The conflict ended on Feb. 1, according to HRD and Minister Arjun Singh IIM directors met to consider changes, the solution of the impasse.

This is the third Business School - and the only Business School in India - by the Wall Street Journal’s Top 100 Business schools have a campus in Singapore. The other two schools are INSEAD in France and the University of Chicago’s Graduate School of Business.

The Singapore campus offers an MBA part-time for the mentoring program at the level of forces, Executive MBA programs for executives at the level of short-term Executive Education programs for executives and tailor programmes for Executive Education companies.

The Indian Institute of Management are the best business schools in India. Graduates of schools have a successful career in Asia, Europe and the USA.

IIM has six centers, which is based in Ahmedabad, Calcutta, Bangalore, Lucknow, Indore and Kozhikode. Schools lead the postgraduate diploma in management programmes (which corresponds to an MBA), scholarship programs in the fields of management and organization based on programmes IIM also research and extension of the Institute for different industrial sectors.

Indo-US Farm Pact for the provision of help to biotechnology.

Prime Minister Manmohan Singh of the declaration of a second generation Indo-US cooperation in agriculture, after the Green Revolution 70 years, it is already covered by the “magic seeds” distributed by International Agricultural Research Centres of the Rockefeller and Ford foundations, expects that the Bio-technology and water-resistant to stress and life longest entries in the agricultural sector.

While increased productivity significantly, the new venture would also cut the losses after harvest. These are estimated at 10 percent or more for foodgrains and fruits and vegetables, of which India is one of the best manufacturers in the world, as high as 45 per cent. In financial terms, it could mean a multi-million rupee to save it.

What is essential to focus on SPS (sanitary and phytosanitary) measures which are increasingly blocking imports into the world with other non-tariff measures such as technical barriers to trade (TBT). Developed countries have the pressure on India for its tariff levels, while SPS rules to keep indulgent.

The Prime Minister quite reasonable, an increase of agricultural productivity with better quality standards to overcome the automatic circuit breakers put up trade by developed economies, imports from India. India paid little attention to the development of an API strict regime of import at home so far and has thus contributed less than one percent of the total TBT in the world messages so far. Despite this recognition, Commerce, the Ministry of trade policy this year is not the problem pointed on both fronts, import and export.

Certainly, new initiatives could be seen as central to the entrance to the courtyard Indian produce globally.

A Rabo India study for the food processing ministry had stressed “domestic support and export subsidies in developed countries and about 400 billion dollars and non-tariff trade barriers also have the arrivals of Indian exports. Non - acceptance of the mango because of the use of the fruit fly a few countries, shows a technical barrier to trade … ”

But it is the largest canvas Indo-US economic relations in which the initiatives outlined today in the agricultural sector should be helpful to clarify the USA where their own economic interests wins. September During a conference held in Mumbai on “Raising the Bar: India-US Economic Relations” It was something.

The USA analysis, Under Secretary for agricultural affairs, Alan Larson, said that India could be “a great Wild Card as a market for agricultural growth, but only if the country at the reduced rate - and is not a substitute for further steps - tariff barriers to trade.

“India has pointed out that it is the fourth in the world of consumer food, behind the USA, Japan and China and its consumption has rapidly in recent years. Real food, retail spending during the year 2004 is estimated at 180 billion dollars. Until 2020, India is the ingestion of food is expected to double, so that the world’s second fastest growing market of foodstuffs, retailing, a place where the USA wants to permanently leave an indelible imprint.

IFCAI bags AMDISA accreditation

ICFAI Business School in Hyderabad is one of the three business schools have been awarded global accreditation by the Association of Management Development Institute in South Asia (AMDISA).

The other two are: Suleman Dawood School of Business in Lahore University of Management and Management Development Institute, Gurgoan.

The AMDISA accreditation committee under the chairmanship of M. Rammohan Rao of the Indian School of Business decided to award the admission on the basis of their recommendations.

DFGT promises greater role for states in exports.

The Office of the Director General of Foreign Trade (DGFT) has a player for the creation of State Export-wise data which will help in the process of distribution of credits under the system of assistance to states for infrastructure and Export Development (ELIMINATION) Based on an individual export performance.

This was announced by Mr. L. Mansingh, DGFT in a one-day interactive session on “Eximbank as engines of growth” organized jointly by the Kerala Industrial Infrastructure Development Corporation (Kinfra), Trivandrum of the Chamber of Commerce and the National Institute of Personnel Management (NIPM ).

Mr. Mansingh was seen as a response to a few points above that of Mr. Gopalkrishna Pillai, Principal Secretary to the Chief Minister, said that governments of countries is not yet able to take advantage of what are widely through initiatives such as promoting export processing zones (EPZ) And Special Economic Zones (SEZs) in spite of “sacrifice” their own interests on the altar of the central government amenities.

The development, Mr. Pillai said that States had land and other infrastructure of these mega-projects and has even announced various taxes and fees franchises.

States should, quite rightly, for their efforts was also central to benefit from currency and other trade products, these specific areas, he added.

In his response, Mr. Mansingh said that the system has been specially ELIMINATION say to ensure a greater role for states in export promotion as part of the country’s efforts for a cumulative amount of $ 82 billion in 2007.

India’s share of world trade implies that currently 0.67 percent to one percent in a respectable during this period.

To that end, exports are growing, paid to average annual growth rate (CAGR) of 11.9 per cent.

At current growth rates of the year 2007 is eminently expects to achieve after the DGFT.

Under the scheme ELIMINATION, 80 percent of funds are sought, provided the related export of their individual performances.

State-wise export data is on the path of established for this purpose. In addition to the regulatory ELIMINATION has also tried to authorize the States by the transfer of decision-making power to state-level committees on export promotion (SLEPC), headed by its Secretary General.

Step by step, a situation would be achieved if the central role in efforts to promote exports would be on third States and to authorize, for the rest for you.

At the same time, the disk drive to automate permissions and share new accounts are presented with added emphasis, which is expected to reduce transaction costs.

In this context, Mr. Mansingh said that the Ministry of Commerce recently had the mandate of KPMG to study the whole band of issues in relation with the State perceived sense of neglect Rub-off effect of mega-projects like EPZs / SEZs.

The “victims” by the government and the effects on the local economy are also searched are carefully studied.

Competition between states is the best case out of the opening of the economy. A good infrastructure and a pleasant atmosphere are two factors that discourage investors, especially at a State.

Major export promotion drive planned: Minister.

The Government is launching a major drive for promotion of exports from Kerala, the Industries Minister, P. K. Kunhalikutty, said here on Monday.

The Minister told mediapersons that the Government was expecting an assistance of Rs. 100 crores from the Centre for setting up various infrastructure and other facilities for exports. An amount of Rs. 16.5 crores had already been released for works to be undertaken this year.

Mr. Kunhalikutty recalled that the new exim policy had stressed the importance of participation of State Governments in export promotion efforts. Accordingly, the Government was taking a number of steps realising the importance of exports in a globalised economy. Through these measures, the Government expected to increase the value of annual exports from Kerala to Rs. 10,000 crores in two years.

In Kollam, the Government proposed to upgrade the laboratory for testing of cashew and other food products at a cost of Rs. 6 crores. Rs. 1 crore had been allocated under the Central-assisted scheme for this. Rs. 10 lakhs has been earmarked for setting up a modern weighbridge at Cochin port.

A modern laboratory for testing marine products would be set up in Kochi at a cost of Rs. 350 lakhs. This would be established under the supervision of the Sea Food Exporters Association of India with guidance from European Union and United States Food and Drugs Administration.

The Minister said that Rs. 6.10 crores had been earmarked for a major project of the Marine Export Promotion Development Agency (MPEDA) costing Rs. 14.20 crores. The project proposes establishment of about 30 pre-processing centres, upgradation of the MPEDA laboratory in Kochi and development of fishing harbours in Kochi and Munambam.

Besides, Rs. 1.95 crores had been sanctioned to the State Industrial Enterprises for development of export bay at the Air Cargo Complex in Thiruvananthapuram airport. Rs. 3.62 crores would be spent for water supply schemes of the Kinfra Techno industrial park at Kakkancheri in Malappuram district. The Government also had plans to set up an Indian Institute of Export Management at Kalamassery.

Mr. Kunhalikutty said the special export promotion zone coming up on the land given by the Kochi Port Trust would bring about major advances on the export front. A blue print was being prepared for increasing export of food products from Kerala. A masterplan for industrial development of the State would be presented at the Global Investors Meet in Kochi on January 18.

Use it, for national growth: Kalam.

Pune: President A.P.J. Abdul Kalam, the Indian technology community information on their capabilities of the nation for rural development through education, e-governance, tele-medicine and health care.

He made the complaint, given his prepared speech, while devoting the International Institute for Information Technology (IIIT) to the nation.

“I gave the IIIT this challenge. Get ready virtual classroom for groups of ten or more villages, “said Kalam, which is a concrete example of using technology for education.

“Give physical and electronic connectivity and connectivity, you have about this economic connectivity. Government, industry and science must work together for education in the e-governance and tele-medicine, “said Kalam.

IIIT offers advanced information technology and management programmes has been developed in the Info-Tech Park Hinjewadi in the hope of the Foundation and research centres, a public charitable trust, the chairman of Finolex PP Chhabria.

The President has agreed to Top-technocrat R.A. Mashelkar observation that Indian IT professionals must work at the upper end of information technology value chain to earn higher income. He pointed out that, compared with a turnover of $ 12 billion over five lakh Indians working in the computer industry, it was possible that only a software company with 50000 people in the world deserve as much as $ 20 Billion .

“In another 10-12 years, we have to win about $ 100 billion on information technology,” he said. Kalam invited programmers in developing software programs and search engines “, whatever the language,” so that the English language is not huge population of the country could take advantage of the Internet in their favour .

Elsewhere, on the occasion of the inauguration of Maharashtra Institute of Technology Engineering Women’s College, Kalam said scientists and engineers can play an important role in the implementation of a change of mentality in homes, laboratories and industrial enterprises.

The President expressed regret on the mentality of people, some privileged, imported trademarks of all systems, cosmetics, passing for defence purposes and communication equipment.

Trailblazers honoured at Pune function.

PUNE: The courage to take the road less travelled won 14 enterprising students accolades at a programme organised by the Indira Institute of Management to mark International Women’s Day on Monday.

The young women, chosen for pursuing unconventional streams of education, came from backgrounds as varied as agriculture, social work, music, environmental sciences and vocational courses.

In their acceptance speeches, many of them emphasised the important role parents play in determining the educational choices of their daughters.

Indu Begade, a visually-impaired student of the Karve institute of social work said, “I want to give back to society, which has supported me in achieving what I have today.”

Students felicitated were: Neha Hiremath and Vandana Patwekar from the Jagannath Rathi vocational guidance and training institute; Lavina Bhatiya from St. Mira’s entrepreneurship awareness and development; Anamika Sen Gupta from Bharati Vidyapeeth’s environmental education and research; and Mayura Thungari from Abhinav Kala Mahavidyalay.

The others honoured were: Jayeetri Ghosh from the College of Agriculture; Anila Rambala from the department of environment science, University of Pune; Shaswathi Naik and Amroti Mahadik from Lalit Kala Kendra, Indu Begade, Uma Latika and Rani Nagawade from the Karve institute of social work;Urmila Naik from ITI Aundh and Lisha Thole from the M.A. Rangoonwala dental college.

Zenotech to roll out oncology products by December.

Zenotech Laboratories is gearing up to roll out its oncology products by the end of the calendar year. The company is currently conducting toxicology studies at the Indian Institute of Toxicological Studies, Pune, for bringing out oncology biotech products which are currently the domain of the MNCs.

Some of the oncology products that the company is working on include, granulocyte-macrophage colony-stimulating factor (GMCSF) and interleukin-2 (IL2) which are in the domain of companies like Novartis and Chiron, respectively, pharma industry sources told ET.

The company is engaged in setting up a full-fledged manufacturing facility near Shapoorji Pallonji Biotech Park, Turkapally. Zenotech has initiated target identification and validation programmes using gene and protein based technologies for bringing out oncology and neurology products.

The company’s name has been doing the rounds in the biotech industry for it has been promoted by Dr Jay Chigurpati who had earlier headed the biotech division of Dr Reddy’s Laboratories and was instrumental in launching the company’s first biotech product - Grastim. About seven scientists from Dr Reddy’s have moved with Dr Chigurpati and joined Zenotech.

The company at present has a research and development facility for generating recombinant proteins for clinical development. It is specialising in gene cloning and expression, fermentation, process validation, and manufacture of recombinant DNA products from bacterial yeast.

Zenotech has recently strengthened its board by roping in some big names in the industry. The new directors include Dr Denis Broun and Mr Vithala R Rao. While Dr Broun is currently the global liaison co-ordinator and the managing director of MSH, Europe, Mr Rao teaches marketing strategy and brand management at Cornell University, USA.

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