Following is from a report in webnewswire.
Xavier Institute of Management-Bhubaneswar(XIMB) announces Financial Planning and Wealth Management Program in New Delhi, for graduates, working professionals and enterpreneurs providing services to financial sector and for those who hold keen interest in the same sphere. This program will expose the participants to various theories and practices of Financial and Wealth Management enabling them to equip with the techniques with which they can handle their current business tasks in better and effective manner.
Since, the prime objective of the program is quality education that would help in better career prospects in corporate sector, the core faculty of XIMB would hold the sessions at Lodhi Road imparting both practical and theoratical insights of the financial world. The lectures would be a judicious blend of physical classroom sessions, instructor lead training, quizzes, case studies and project works. Participants would be benefited both academically and professionally as this program would have a high market value and branding among the corporates.
During the total tenure of 6 months integrated approach to learn various aspects of Finance, Financial Services Insurance(Life, Non-Life), Risk Management, Pension Planning, Estate and Tax Planning would give participants holistic perspective of Financial Planning so that they can shoulder greater responsibilities in their future career. Details of the program is available on www.indialearn.com or www.alethia.in.
Eligibility of the program is minimum 50% in graduation. Participants can attend the lectures without compromising their working schedule. The admission process would include application form+written test followed by personal interview. Participants will be awarded with a certificate from XIMB after the completion of the program.
Total fee is of Rs.50,000+ service tax. The documents required for the admission are certified copy of official academic records, copy of work experience (with attached visiting card) and four passport size colour photographs.
Admission forms are available from Ms Darshana Vyas at darshana@creativecrest.com and these can be obtained free of cost.For further information call 011-46076571 or 9268730013.
I was told XIMB is also exploring offering short courses in Dubai. These initiatives should help further increase the brand value of XIMB. In addition extra money from these initiatives could be deployed in the proposed Xavier University and new XIMB campuses in Khurda and Balangir. Odisha government should fast track the Xavier University Bill and any issue (such as land allotment) associated with the new XIMB campuses.
June 25th, 2010
The report is available at http://dheorissa.in/DHE/pdf/FinalTaskforceReport.pdf. Although the report took into account many of my suggestions I am not completely happy with it. I plan to submit a separate individual addendum to it.
Please feel free to comment on the report. I may be able to take them into account in my planned addendum.
The executive summary of the report is as follows:
Task Force on Higher Education was constituted by the Government of Odisha on 7th October 2009 under the chairmanship of Prof. Trilochan Pradhan as requested by the Minister of Higher Education, Tourism and Culture, Sri Debi Prasad Mishra. The mandate of the Task Force was to prepare two annual plans for years 2010-11 and 2011-12, two five year perspective plans corresponding to the 12th and 13th plan periods respectively as well as a draft higher education policy. During a period of four months the Task Force completed eighteen interactive sessions, two State Level Workshops and five Regional workshops, one each in North, South, East, West and Central Regions of the State. In addition to this, sectoral consultations were organized with stakeholders of School and Mass Education, Technical, Medical, Agriculture and Management sectors. The suggestions of the members of the Task Force and citizens from all sectors of the civil society have been received through email, surface mail, written submission and discussions across the table. The Task Force has taken into consideration all these in the preparation of the report. The report embodies the collective endeavour of the members of the Task Force and the stakeholders of regional consultations.
The key recommendations of the Task Force are in three major areas, namely Restoration, Expansion and Consolidation covering the periods of 2010-12, 2012-17 and 2017-22 respectively. Expansion, inclusion and excellence have been the guiding principles of the deliberations of the consultations.
Key Recommendations
1. State Council of Higher Education (OSCHE): A State Council of Higher Education, in the lines of the NCHER, needs to be created. Financial provision must be made in the budget for creation of the council in the coming financial year. Many of the recommendations of the Task Force would be implemented by the OSCHE.
2. Delinking Higher Secondary (+2) from the ambit of Higher Education: The +2 classes need to be separated from the degree colleges. Budgetary support to augment infrastructure and funding from Rastriya Madhyamit Sikhsya Abhiyan (RMSA) may be used to make this a smooth transition.
3. Degree Colleges: All degree colleges should adopt semester system and choice based credit programmes. All vacant posts must be filled with permanent staff. Selected autonomous colleges may be made into branch campuses of universities. Teachers should be regularly evaluated to ensure accountability.
4. Universities: Model University Act. Statutes should be drafted so that universities may use their autonomy for better governance. All regular vacant positions of the universities should be filled up on a priority basis. Faculty need to be regularly evaluated to ensure accountability. Programmes of the universities need to be revamped and choice based credit system may be followed. Each university campus should have about 50 affiliated colleges and a few identified research centres. Each university must have up-to-date web site with all information about the university.
5. New State Universities and Branch Campuses: A number of new affiliating universities, unitary universities, branch campuses of existing universities, a new University of Management Education and a new State Open University have been recommended. Suggestions for locations of these institutions have been received in the consultation process after assessing the educational need. An expert committee may be formed to look in to these and come up with final locations based on the detailed project report based on feasibility.
6. Attract Private Edupreneurs: Private universities should be established through Acts passed by the state legislatures.
7. Set up Research Centres: Establishment of research centers of excellence in various areas of local relevance must be pursued and these should be affiliated with the existing universities and institutions of national importance such as IIT, NISER, IIIT etc. Central funding for the same must be vigorously pursued to strengthen the existing and planned research centers.
8. Enhance Quality of Education: All plans for expansion must have a major thrust on enhancing quality of education. Hence due care must be taken for developing skills of teachers for enhancing teaching-learning transaction, creating conducive academic environment, improving the learning infrastructure, putting technology enabled learning into practice wherever possible, reforming examination systems, need-based revision of curriculum, etc.
9. Engineering Colleges: The existing state funded engineering colleges need to be revamped and their vacant positions need to be filled at the earliest. In addition 5 new State Institutes of Technologies have been proposed in the model of NIT with a focus on post-graduate education to mainly cater to the faculty needs in the state.
10. Medical Education: By 2022 each of the 13 undivided districts of Odisha should have one operational medical college, be it private, state funded, or PPP based. The three major medical colleges of the state should be upgraded to affiliating Health University status so that institutions in medical and allied subjects such as nursing and pharmacy etc. can be brought under their fold. A Rural Health Practitioner (RMP) program should be introduced in conjunction with all district hospitals to address the critical shortage of medical practitioners in the rural areas of the state.
11. Skill and Vocational Education: Odisha should create a community college system imparting skills that are in demand and providing opportunities for distance education, nonconventional career progression, developmental education, and continuous learning.
12. Education Development Fund: Financial mechanisms need to be devised so that all deserving students can access the opportunity to pursue higher education and finance should not be a constraint. Similarly no educational institution should suffer from lack of long-term low interest capital to pursue their goals of development. For this purpose, Education Development Fund should be set up along the lines of the Educational Financing Corporation being contemplated by the central government to enable infrastructure development as well as provide study loans.
13. From Mineral Resources to Human Resources: All private and public sector companies that are using Odisha’s mineral resources must be encouraged to contribute in creating higher education institutions.
14. Public Private Partnership: Encourage public-private partnership mode to set up institutes of higher learning. The proposed OSCHE needs to have a mechanism to monitor and regulate such efforts for the larger interest of all the stakeholders.
15. Financial Implication: The Task Force proposes that the State funding for Higher Education must increase to meet the cost of proposed expansion. The Task Force has estimated resource requirement of about 55000 crores over a period of 12 years to implement its recommendations at current prices. Similarly it is estimated that similar amounts may be generated through private sector projects and centrally funded projects.
16. Taking advantage of the Central Government Schemes: Taking advantage of the central government’s ambitious plan to achieve 30% GER by 2020, the state should seek all available resources under different schemes such as those for establishment of National Innovation University, IIM, National Institute of Design, Model colleges in Educationally Backward Districts, Tribal University etc. Besides all effort must be made to emphasize the special need of the state to develop its infrastructure in the remote tribal areas and priority funding must be.
Phases of Implementation
The Task Force proposes the following plan for implementation of the above recommendations:
i. Restoration and Preparation for Expansion (2010-12)
a. Separation of +2 from higher education and integration in School Education
b. Filling up of vacancies in regular positions
c. Setting up of Model colleges in educationally backward districts
d. Initiate the establishment State Council of Higher Education and other legislative
actions needed to carry out the recommendations.
e. Set up communication laboratories and high speed broad band internet access
f. Set up Management Information System and e-admission
g. Prepare ground for rapid expansion
ii. Rapid Expansion (2012-17)
a. Set up new affiliating Universities and institutions
b. Set up Unitary Universities by up-gradation of existing institutions
c. Set up branch campuses
d. Take initial steps for setting up research centres
iii. Consolidation (2017-22)
a. Expand Technology Enabled Learning
b. Strengthen quality initiatives
c. Strengthen governance through State Council (OSCHE)
d. Mobilisation of additional resource
The Task Force has taken note of the hopes and aspirations generated through the whole process of its activities. The major recommendations based on the inputs received from the stake-holders centre around three important areas: i) Creation of new institutions, ii) financing of higher education and iii) bringing governance reforms. Hence the Task Force recommends to set up a committee to advise the Government to work out further details.
June 25th, 2010