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Fact Box: QS World Universities Ranking 2018

The Quacquarelli Symonds (QS) World University Rankings 2018 has been released. In the list, three Indian universities have featured among the top 200 universities.

Salient Highlights

The Indian Institute of Technology (IIT)-Bombay, IIT-Delhi and Indian Institute of Science (IISc), Bengaluru, have featured in the top 200 global universities. For the first, three Indian institutions have found a place in the list of top 200 universities in the QS Rankings.

IISc Bangalore has been placed at 190 from the152nd place secured last year. Similarly, IIT Delhi have climbed from 185 to 172 and IIT Bombay has jumped from 219 to 179 this year.

IISc has been placed at 6th position among 959 universities for ‘Citations per Faculty’ in the 2018 rankings. It is measured by calculating how many times research papers from a university is cited in the research work of others and is then calibrated against its faculty strength.

For the first time, the Delhi University (DU) has entered the top 500 group.

Other Indian Universities that find a place in the list are: Jadavpur University (ranked in the 601-650 band), University of Hyderabad (601-650), Anna University (651-700), Manipal University (701-750), Aligarh Muslim University (800-1000), Birla Institute of Technology and Science (800-1000)

The Massachusetts Institute of Technology (MIT) has been ranked as the world’s best university for the sixth consecutive year. The second and third place in the overall rankings has been occupied by Stanford University and Harvard University respectively.

This year’s ranking surveyed 26,000 universities across the globe. In total, 20 Indian institutions have been included in the ranking table this year. The list has a total of 959 top universities.

Background

In the recently released NIRF Rankings for Indian educational institutes, IISc was ranked as the country’s best university. IIT Madras was ranked as the best institute in the category of engineering institutes.

The Quacquarelli Symonds is a British agency that annually ranks higher educational institutes across the world based on six performance parameters such as Research, Teaching, Employability and Internationalisation, in addition to a 40 point weightage to the institute`s stature.

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Union Cabinet approves establishment of Higher Education Financing Agency

The Union Cabinet has approved establishment of Higher Education Financing Agency (HEFA) to give a major push for creation of high quality infrastructure in premier educational institutions.

The HEFA will be jointly promoted by the Union Ministry of Human Resource Development (MHRD) and identified Promoter.

Key Facts

  • HEFA will have an authorised capital of 2,000 crore rupees and the government equity would be 1,000 crore rupees.
  • It will be formed as a Special Purpose Vehicle (SPV) within a PSU Bank or the Government-owned-NBFC (Promoter).
  • It would leverage the equity to raise up to Rs. 20,000 crore for funding infrastructure and development projects of world class Labs in IIMs/IITs/NITs and such other institutions.
  • The HEFA will also mobilise CSR funds from Corporates/PSUs which will in turn be released for promoting research and innovation in these institutions on grant basis.
  • The HEFA will finance the civil and lab infrastructure projects in educational institutions through a 10-year loan.
  • The principal portion of the loan will be repaid through the ‘internal accruals’ of the institutions earned through the fee receipts, research earnings etc.
  • The Central Government would service the interest portion of the loan through the regular Plan assistance.
  • All the Centrally Funded Higher Educational Institutions will be eligible to join as members of the HEFA.
  • For joining as members, the educational institution must agree to escrow a specific amount from their internal accruals for a period of 10 years to the HEFA.
  • This escrow will secure the future flows that would be securitised by the HEFA for mobilising the funds from the market.
  • Each member institution would be eligible for a credit limit based on the amount agreed to be escrowed from the internal accruals as decided by HEFA.

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Lok Sabha passes Bill for new NIT in Andhra Pradesh

The Lok Sabha has passed the National Institute of Technology, Science, Education and Research (Amendment) (NITSER) Bill, 2016.

The bill seeks to establish a National Institute of Technology (NIT) in Andhra Pradesh as an institute of national importance under the NITSER Act, 2007 with an effect from August 2015.

Key Facts

  • The NIT in Andhra Pradesh has been established in lines with the provisions of Andhra Pradesh Reorganisation Act, 2014.
  • The Reorganisation Act, 2014 provides for a NIT for the state after its bifurcation as the existing NIT went to Telangana.
  • Union Government has allocated 40 crore rupees in the current financial year for the establishment of the new NIT.
  • Besides an outlay of 226 crore rupees has been made for the institute over the next three years.

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