IIM-Calcutta to boost research and upgrade lab

The Indian Institute of Management-Calcutta (IIM-C) plans to utilize the Rs.20 crore special budgetary grant to help students do research in global finance markets and to upgrade its financial research and trading lab.

Finance Minister Pranab Mukherjee announced the special grant to the IIM-C in the union budget he presented to the Lok Sabha on Monday.

"The money will help us upgrade our financial research and trading laboratory into a world class facility. The fund will also help students for further research in global finance markets," Ashok Banerjee, professor of finance and head of the lab, said on Monday.

The lab was set up on November 18, 2008, to support advanced applied research in financial markets and equip finance managers with the mathematical and conceptual theories.

"Lot of money is required for further research in the global finance markets. So, this money will help the students to a large extent," Banerjee told the sources.

"The grant will help us obtain important softwares and global market data. Right now this is going on a small scale. The special allocation will give a boost to our upgradation and research projects," he said. IANS

Source:http://indiaedunews.net/IIM/IIM-Calcutta_to_boost_research_and_upgrade_lab_13611/

HRD Ministry Constitutes Task Force to examine criteria for satisfying Deemed University status’

New Delhi: The Union Ministry for Human Resource Development, has constituted a Task Force to examine applications from 'institutions that need to take corrective measures to several criteria for satisfying the Deemed University status' regarding rectification of the deficiencies mentioned in the Report of the Committee constituted to review functioning of institutions deemed to be universities.

The Central Government had constituted a Committee of Experts to review the functioning of the existing institutions 'deemed-to-be-universities' vide its notification No. F.9-26/2009-U3A dated 6/7/2009 so as to satisfy itself of the justification of their continuance as institutions 'deemed to be universities'. The Review Committee (i.e., the Committee of Experts) had submitted its Report to the Government on 20/10/2009 which was accepted, in principle, by the Government.

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