Reputable foreign institutions may not come to India if a provision in a proposed law preventing them from taking back surplus from education activities is retained, a parliamentary panel has said. The Foreign Educational Institutions (Entry and Operations) Bill prescribes a time-bound format for granting foreign universities approvals but bars them from repatriating profits. The bill was introduced in the Lok Sabha on May 3, 2010, and referred to the standing committee...

-AFP   Asia could be as wealthy as Europe by mid-century, but only if it tackles key challenges from inequality and corruption to climate change, an Asian Development Bank study said Tuesday. On current trends, Asia will make up half the world's economic output by 2050, and another three billion people will have joined the ranks of the affluent, their incomes matching those of Europe today, said the report. But the ADB study...

-The Economic Times   Govt. to set up National Environment Appraisal and Monitoring Authority for environmental clearance of projects Prime MinisterManmohan Singh hit the nail on the head when he declared that the environment cannot be protected by perpetuating poverty. But the regulatory framework forenvironmental clearance of development projects needs urgent streamlining and reform . Dr Singh added that the Centre would soon set up an independent regulatory body, the National Environment...

The Supreme Court is set to deliver a decision on a constitutional challenge by private schools Private schools around the country are waiting for the Supreme Court to issue a judgement in a constitutional challenge to a 15-month-old law that enforces free and compulsory education as a fundamental right, after hearing was concluded last week. The government, through the Right of Children to Free and Compulsory Education Act, 2009, or RTE, had...

RV Gumaste, a member of Kirloskar’s project team that set up Bellary’s first iron-making unit in 1994, has never seen such times since he first moved base from Pune 17 years ago. “We will take the burden for our regular employees for some time. But how long?” says the industry veteran, who was appointed Managing Director of Kirloskar Ferrous Industries Ltd in July 2003. The Rs 1,100-crore company has 800...