UPI provided credit access to poor, fuelled equitable growth: Study
The authors said that the success of UPI can be replicated in other countries as well and India can play a leading role in helping them adopt the fintech system.
All 20 Indian Institutes of Management (IIMs) have requested the Human Resource Development (HRD) Ministry to exempt them from reserving positions in the teaching staff for Scheduled Caste (SC), Scheduled Tribe (ST), Other Backward Classes (OBC) and Economically Weaker Sections (EWS). The premier business schools, which currently do not offer reservation in teaching positions, have been asked by the Ministry to provide quota in faculty positions for SC, ST, OBC and EWS candidates.
According to officials, the B-schools have made the request saying they adopt a fair recruitment process and give equal opportunities to all, including disadvantaged sections of society. However, data maintained by the HRD Ministry shows that over 90% of the current faculty strength across 20 IIMs is from the General category.
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The IIMs have so far been following the 1975-order of the Department of Personnel & Training that exempted scientific and technical posts from the reservation policy. IIM- Ahmedabad is caught in a battle on the issue in the high court. In November 2019, the Human Resource Development Ministry wrote to all institutes to ensure the implementation of the Central Educational Institutions (Reservation in Teachers” Cadre) Act.
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A separate communication was sent to all IIMs on Wednesday to ensure ”reservation of posts indirect recruitment”, considering the institute as a unit-as specified in the Act that came into effect on March 7, 2019.
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