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EDUCATION

Medical Seats – Management quota can’t be charged more says Madras High Court

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A Division Bench of Justices R.Subbiah and C.Saravanan said, “The only discrimination that is permissible is regarding fees than can be charged from students admitted against the seats allocated under the NRI quota, which has been fixed at 15% of the total seats available in every medical institution.” The judges said that the fees collected should be used only for subsidizing the education of students from economically weaker sections.

To avoid the misusage of NRI quota to make money, the Bench suggested that either the Assembly could pass a law to regulate such admissions or the government could issue executive instructions on the subject.

“Higher fee amount can be collected only from students admitted from the NRI quota and such excess money collected from those students can be used for subsidizing the fees of students coming from the economically weaker sections of the society. Once the fee is fixed, approved by the committee concerned and notified, it cannot be tampered with,” they concluded.

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EDUCATION

Stock Market Watch ,Tuesday 20

Market Updates

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Global stock markets recovered some further ground Monday after last week’s turbulence. The ongoing trade war between the United States and China and an array of worries about waning growth across the world weighed heavily on sentiment.

Last week, many stock indexes around the world struck their lowest levels this year. Nifty Future is trading in negative and have a chance to fall on Tuesday

Investors are hoping that the U.S. Federal Reserve will continue to cut interest rates to shore up economic growth. The central bank lowered interest rates by a quarter-point at its last meeting. It was the first time it lowered rates in a decade.

World Market

In Asia, Japan’s benchmark Nikkei 225 rose 0.7% to finish at 20,563.16. Australia’s S&P/ASX 200 gained 1.0% to 6,467.40, while South Korea’s Kospi was 0.7% higher at 1,939.90. Hong Kong’s Hang Seng rose 2.1% to 26,278.22. The Shanghai Composite added 2.1% to 2,883.10.

Crude Oil Update:

Benchmark crude oil rose 14 cents to $55.01 a barrel. It rose 40 cents to settle at $54.87 a barrel Friday. Brent crude oil, the international standard, rose 27 cents to $58.91 a barrel.

Rupee update:

On Tuesday the Indian rupee opened lower at 71.51 per dollar against previous close 71.43 on Monday

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EDUCATION

Founder of PSBB Schools, Mrs Y.G.P passes away at 93

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Mrs Rajalakshmi Parthasarathy popularly known as Mrs YGP was the founder dean of PSBB group of schools in Chennai. She is 93 years old and was admitted in Apollo Hospitals due to complaints of discomfort. Around 1.20 pm today she breathed her last leaving behind her educational empire and two sons Y.G. Mahendran and Y.G. Rajendran and their families.

Her body would be kept for public homage at Padmaseshadri School at Thirumalai Pillai Road, T. Nagar. 

The last rites will be held at the Besant Nagar crematorium on Wednesday at 4 p.m. 

May her Athma attain Mukthi.

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EDUCATION

Jubiksha Thakur – A young sensational fighter pilot from village

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Hailing from Billan Bowlian in Udhampur district, Jubiksha Thakur aged 24 years, joined the IAF as a fighter pilot this year, is the new source of inspiration. One of the first few women in the country to have done so. In a series of motivational lectures, Jubiksha Thakur told students on Thursday that the decision to come to Bhadarwah to take part in the “Sangam Youth Festival” organised by the Army changed her life forever as she decided to join the armed forces.

Jubiksha Thakur’s motivational lectures, organised by the Rashtriya Rifles unit based at Bhadarwah, are inspiring youngsters, especially girls, in the state to make a mark in life.

Jubiksha Thakur said being an NCC cadet helped her keep her nerves in the most difficult situations. “I decided that I had to go for it, whatever it took. I would want every young boy and girl wanting to become a fighter pilot to dream big.”

“I decided that I had to go for it, whatever it took. I would want every young boy and girl wanting to become a fighter pilot to dream big,” Jubiksha Thakur told PTI.

Stating that a “combination of average qualities” in her made her unique, Jubiksha Thakur said, “I climbed the ladder step by step, committing some mistakes as well, but kept going as I learned it the hard way. Instead of mourning over your failures and get into self pity, you should work harder to achieve your goals”.

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