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Government will bear interest of education loan in moratorium period


This is a good news for middle class student community of India. As per the article published in Rupeetimes.com, the Prime Minister's Office (PMO) and the Ministry of Human Resource Development (MHRD) is planning to bear the burden of interest component of education laons during the moratorium period.

What is moratorium period
Till students complete their course and get the job, they will not be paying the interest. However the interest is calculated and added to the principal amount. So there will be a gap for students to complete their course and get the job and start repaying the laon. This time period is called moratoriam period. The interest accrued in this period will be repaid to banks by government of India once this scheme is implemented.

As per the article, this facility is available to only those who have annual income less than 2.5lakhs and avail education loan for professional and technical course. However, one student can avail this facility only once. i.e you cannot avail this facility for both graduate and post graduate program. Any one course you can opt for this facility.

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US gives parity status to India's medical education


Another feather in India’s Crown

This is the headlines from some of the leading newspapers of India last week. The US recognition of Indian Medical Education. It’s happy to know that the first world is opening eyes towards India, the land which has given Ayurveda to the world.

In fact there is nothing new about it. As Indian doctors and hospitals are globally recognized and attracts patients from many parts of the world. Again the reason behind this is the high quality of service at low cost. Now the medical education will get the boost from this status and attracts students from other countries to India.

As of now India is popular among developing nations for it’s well recognized medical service and health care. It’s seems India is regaining it’s past glory of wisdom and confidence in almost all the fields. Truly it’s feather in India’s crown.


Navhind Times : feather in India’s Crown

The Hindu : USgives parity status to India's medical education

Will Exams improve your Skills?


My first post is based on the opinion provided by Prof. PS Gill to NASSCOM(which they are already implemented) about having a "Common Placement Test - CPT" and ranking system in order to ease the process of placement. There by helping companies, institutions and students. Please refer the newsletter from NASSCOM Communiue.

I think, the examination system in India is the killer of creativity and innovation. Because students are so used to examination system that, they don't even bother to read anything that is beyond the scope of examination or curriculum.

The ranking system is more a elimination process than a selection process, that will unnecessarily create tension and stress among students and educational institutes. Still I don't understand how can one test the capability and skill level of a person within few hours while the learning process takes days, months and years together. More than that the environment in the workplace is different than the environment of examination. There is a large gap between what is needed and what is provided.

There is a problem in understanding the gap. At least now the industry should wake up, and bring in some new innovative models to improve the skill level of engineering graduates. That in turn ensures that there is a smooth supply of manpower and also reduces the attrition rate.

I really don't understand how bringing in one more exam will ensure that, it will meet the needs of the industry. As Prof. PS Gill himself mentions in his article, there is a need for around 1.5 lakh engineers in India but companies are hardly getting around 1 lakh skilled man power. That means there is a gap of about 50,000 manpower per annum. In this scenario what we need is improving the quality of education and training, Industry interaction and Finishing Schools(This is also a brainchild of NASSCOM). The case study of Maveric Systems is quite impressing.

Mean while share your opinions and views about CPT here in comments section. Also don't forget to vote your opinion.