Education Current Affairs - 2019

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Educomp ties up with HCL Infosystems for its ‘Life Cycle’ Services

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HCL Infosystems Ltd and Educomp Solutions Ltd. have signed an agreement. As per the agreement, HCL Infosystems will provide life cycle services for existing and new Educomp classrooms across India. Life Cycle services include providing break-fix support and field repair services along with managing new installations in the Educomp Classrooms.

About Educomp Solutions Ltd:

Educomp is one the leading providers of technology enabled education solutions and services for K-12 (from Kindergarten to to Class 12) institutions. The company was set up in 1994 by Mr. Shantanu Prakash and was initially engaged in setting up and maintaining of computer labs in private schools and in government schools on contract basis.

EducompSmartclass has reached to around 15,000 schools and 7 million students. HCL Learning will continue to focus on growing its business of providing IT solutions and content to the Indian Education segment.  Currently, HCL Learning has over 12000 classrooms, 60 career development centres and offers content as well as innovative products such as DigiSchool and Xcelerate.

Students going abroad worry as Rupee falls

The continuous fall in rupee value which reached an all time low last week has become a matter to worry about for the students planning to study in the U.S.A. and their parents who have to spend more than they expected initially.

Why it costs more?

As the Rupee falls against the Dollar those students who study in US will have to pay more than what they previously thought. It happens in case when they have to buy dollars in exchange of rupees. If, for example, initially, one was buying a unit of dollar by spending a few units of rupee, after depreciation of rupee one has to shell out more units to buy a unit of dollar which makes it expensive.

At present, compared to last year, parents have to spend Rs. 7 to Rs. 8 more per dollar. It means those paying a fee of Rs. 5 lakh initially in an average university have to shell out Rs. 60,000 more apart from other expenses.