The Andhra Pradesh government is bringing in a Bill during the ongoing winter session of the Legislature for amending the AP Education Act, 1982, to give a legal shield to the proposal for conversion of all schools in the state to the English medium of instruction.The state government has decided to make English the medium of instruction for classes 1 to 6 in all schools, replacing the native language Telugu, beginning from 2020-21 academic year, with Telugu or Urdu being a compulsory subject.While there is strong opposition to the move from different quarters, Chief Minister Y S Jagan Mohan Reddy is firm on going ahead with the decision "come what may" and accordingly, wants to give it legislative backing, highly- placed sources told PTI.Close He discussed the issue with a core team of top officials here on Saturday and asked the School Education Department to draft the Bill for enactment in the ongoing winter session of the Legislature, the sources revealed. A Cabinet note on the … [Read more...] about AP govt to enact law on education medium
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Six of the 10 most valued Indian companies together added Rs 65,060.30 crore in market valuation last week, with RIL and HDFC emerging as the biggest gainers. HDFC Bank, ICICI Bank, Kotak Mahindra Bank and SBI were the other winners in the top-10 list, while TCS, Hindustan Unilever Limited (HUL), Infosys and ITC suffered losses in their market capitalisation (m-cap) for the week ended Friday.The market cap of Reliance Industries Limited (RIL), the country's most valued firm, jumped Rs 17,439.74 crore to Rs 10,03,147.26 crore.HDFC's valuation zoomed Rs 15,435.51 crore to Rs 4,06,705.23 crore and that of SBI climbed Rs 11,512.75 crore to reach Rs 2,96,921.83 crore.Close The m-cap of HDFC Bank zoomed Rs 9,089.48 crore to Rs 6,91,457.21 crore and that of ICICI Bank advanced Rs 8,210.91 crore to Rs 3,47,551.97 crore. related news Nifty could see fresh leg of rally beyond its new life time high zones in the coming week Market Week Ahead: 10 key factors that will keep traders busy … [Read more...] about Six of top-10 firms add Rs 65,060 cr in m-cap; RIL, HDFC lead
Uber submitted an appeal on December 13 against a decision by London's transport regulator to strip the taxi app of its right to operate in one its most important markets, setting up a potentially lengthy legal process during which it can continue to take rides.Last month, Transport for London (TfL) refused to grant the Silicon Valley-based company a new licence due to what it called a "pattern of failures" on safety and security, the latest stage of a long-running battle with the authorities.Uber, which was also denied a licence by TfL in 2017 before a judge restored it on a probationary basis, said it had changed its business model over the last two years and would go further, as it lodged its appeal at Westminster Magistrates' Court.Close "We are committed to Londoners and are working closely with TfL to address their concerns and requests, as we have since 2017," said the firm's Northern and Eastern Europe boss Jamie Heywood. related news Coal Min allocates one mine each … [Read more...] about Uber submits appeal to regain London taxi licence
Rahul AgarwalIn its latest Monetary Policy Committee (MPC) meeting on December 5, the Reserve Bank of India kept key rates unchanged at 5.15 per cent (lowest in nine years, after five straight cuts with a cumulative 135 bps reduction this calendar year, to boost the country’s sagging economy.RBI retained its 'accommodative' policy stance, which suggests that this is a pause rather than an end to the loosening cycle, and it still has room for a rate cut. Core inflation, which excludes energy and food items, slid beyond a seven-year low of 3.47 per cent, which clearly indicates that there is hardly any demand for non-food items in the market.Close Usually, a rate cut helps revive economic growth as it allows retail customers to avail cheaper loans and works like a big booster for the large industrial sector, who will be able to avail bulk loans at lower interest rates. related news Reliance forms a base, recommend delta appreciating based … [Read more...] about Are the RBI’s repo rate cuts enough to reinforce GDP growth?
An architect is suing Google for allegedly stealing his idea for a building technology that makes the design and construction of tall buildings cheaper and more efficient. advertisement advertisement Israeli-born architect Eli Attia, along with technology company Max Sound Corp., has brought a lawsuit against the Silicon Valley titan over Flux, a Google X-developed startup launched earlier this year that makes software for designing environmentally friendly buildings cheaply and quickly. “Flux said its system will use data and algorithms to manage trade-offs between upfront construction costs, operating expenses over the life of the buildings, the experience of the occupants and the impact on the environment,” the Wall Street Journal wrote of the company in May, when it announced it had raised $8 million in funding. However, Attia, who worked with legendary architect Philip Johnson and has designed a number of skyscrapers, says that Google brought him in to share … [Read more...] about Architect Sues Google For Allegedly Stealing Eco-Friendly Building Technology