Friday, December 31, 2010

Happy New Year 2011


Happy New Year 2011

Thursday, December 30, 2010

Seats in technical education to be increased

Resource Development Minister Kapil Sibal Thursday announced revised norms for All India Council for Technical Education to increase the seats in technical education.

The ministry also made it mandatory for technical institutions to reserve 5 percent seats for the weaker sections of society.

'The aim is to increase the seats in technical institutions so that it can be more inclusive,' Sibal said after announcing the new norms.

The minister announced easing of norms for establishing new engineering colleges, expansion of institutions and number of seats, with a series of steps that would result in increase of seats in engineering institutions.

'Introduction of Section 25 of Company's Act to allow good corporates to set up Technical Institutions. However, no joint ventures can apply for this,' an official statement from the HRD ministry said.

Models like public-private partnership and build-operate-transfer will be used to involve the private sector in setting up technical institutes in 241 districts where there are no engineering colleges.

Easing the land norms for starting institutes, the HRD minister announced that lesser space will now be needed for establishing technical institutes. While an engineering college in rural India will need 10 acres of land, in urban areas it will require just 2.5 acres of land.

Special evening classes will also be conducted in the areas of Engineering, Technology, Architecture, Town Planning, Hospitality and Pharmacy by AICTE-approved institutes.

'This will facilitate the community around the Institutions to benefit by acquiring the skills provided by these Institutes. These Institutions are expected to form clusters with other institutions in the neighbourhood and collaborate with the Industries in the area in running these skill-based programmes,' the HRD minister said.
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Sources: Seats in technical education to be increased

Sunday, December 5, 2010

Facebook offers Rs 38 lakh package for IIT Madras students !!

Social networking site Facebook has offered a package of Rs 38 lakh (USD 85,000) for IIT Madras students during the ongoing placement season, a top official of the institute said. Companies selecting prospective candidates from the country''s premier educational institute IIT Madras began on December 1.

However, Facebook leads the chart with a package of Rs 38 lakh, IIT Madras Advisor (Training and Placement) N Ramesh Babu said. "Every year, the selection process commences in December and this time too it began on December 1," he said.

Every year students eagerly await to participate in the campus selection and this year too more than 260 companies have registered so far, he said, adding, "But we expect it to cross 300 companies." Asked on the selection processes, he said the final round of interview would be done later.

"For example, Facebook after conducting all the rounds, will conduct another interview via Skype from the US and when a student gets selected he/she will be offered USD 85,000 package," Babu explained. He said around 1000 students from various streams including B Tech, MTech, MS, Doctoral programmes, MBA, have registered for placements this year and so far around 30 students have received offers from various multi-national companies including Goldman Sachs, IBM and Boston Consulting Group.

Last year the highest package was offered by Tower Research Capital at Rs 28 lakh per annum and about 225 companies had visited the institute for selecting 700 candidates.