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Policy review: Banks with funds to emerge winners
India is clearly showing strong growth, as outlined by the RBI which stated that the output gap is narrowing with economy operating close to potential and raised its baseline projection for GDP growth in FY10 to 7.5 per cent from 6 per cent forecast in October 2009 in the monetary policy announced today.

Govt considering to cancel NTPC's Rs 2,000-cr order
In the face of alleged multi- crore rupee kickback, which is being probed by CBI, the government is considering cancelling power PSU NTPC’s Rs 2,000-crore contract with a Russian equipment firm.

News of the day

3G: Fitch studying revenue impact on Bharti
Even as the government is gearing up to auction radio waves for the next generation mobile services, credit rating agency Fitch today said it is closely monitoring the impact of the cost for pan-India 3G licence on the revenues of Bharti Airtel.
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Large-scale faculty positions in IITs, IIMs

Centrally-funded technical Institutions, including IITs and IIMs, are suffering due to about 25 per cent shortage of faculty, the Lok Sabha was told today. - Placements begin at IITs - CAT day 4 sees less turmoil - IIMs, Prometric blame virus for CAT glitches - IIM-A submits report on CAT, test still disrupted on 4th day - Govt seeks report on CAT fiasco - Mouse has eaten the CAT, laments Sushma">Mouse has eaten the CAT, laments Sushma The vacancy has arisen due to retirement and resignations in these top institutes, HRD Minister Kapil Sibal said in a written reply. Giving details of the vacancies, he said the faculty position in the IITs stands at 2,983 against the sanctioned strength of 4,267. Similarly, there are 388 faculty members against the sanctioned strength of 468 in the IIMs. The situation is no different in National Institutes of Technology (NITs) where the faculty position stands at 2603 against the sanctioned strength of 3747. The scenario is critical in Indian Institute of Science, Bangalore where there are only 210 faculty members while the sanctioned strength is 478. The vacancy is over 50 per cent in Schools of Planning and Architecture. Against the sanctioned positions for 127 teachers, there are only 62 faculty members in these institutes. There are 54 vacant posts in Indian School of Mines which has sanctioned strength for 192 faculty members. The recent pay revision of teachers of these institutes will help in attracting and retaining teachers in these institutes, he said.


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