Educational toys the next big thing in India

The knack Indian parents have for teaching their children is acting as a game-changer for educational toys, raising their demand by 15 percent year-on-year."In the coming days demand for educational toys will be more as the parents want more cerebral games for their children," Shyam Makhija, director, business development, Pegasus ToyKraft, told IANS."Educational toys have the potential to grow at around 15 percent year-on-year in the next five years."As education is foremost on the Indian parents'...

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Biocon sets up education arm

BANGALORE: Biopharmaceutical major Biocon has set up an educational arm Biocon Academy with the objective of training and developing industryready talent for India's $11-billion biotech industry.Projected to cross revenues of $100 billion over the next decade, the Indian biotech industry receives 40,000 graduates annually from over 725 biotech institutes in the country, of which only 2,000, or 5%, is employable."There is a very large gap that exists between the quality of human capital available and the need of the industry. If this sector aims...

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Now, scheme to curb default on educational loans

NEW DELHI: Faced with growing education loan default, Credit Guarantee Fund Scheme for Educational Loans has been finalized and is likely to come before the Cabinet in the next few weeks.The scheme, devised by the ministry of finance, HRD ministry and Indian Banks' Association, proposes to set up a Credit Guarantee Fund with a corpus of Rs 2,500 crore. The fund will provide guarantee to educational loans up to Rs 7.5 lakh. It is proposed that loans — ranging from Rs 4 to Rs 7.5 lakh — will be guaranteed up to 75% of the amount outstanding with...

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India poised to become the largest provider of global talent

MUMBAI: India is poised to become the largest provider of global talent with one in four graduates in the world a product of the Indian system, says a Ficci-EY Report on Higher Education in India: Vision 2030.The report further outlines that by 2030, the emergence of a robust higher education system would enable India to augment its gross enrollment ratio (GER) to 50%, with a student enrollment of more than 70 million across the higher education system; reduce disparity in GER to 5 percentage points across states, gender and various social groups...

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Technology can help solve CAD problem, says Ambani

Painting an optimistic picture of India, Chairman of Reliance Industries Mukesh Ambani said India can solve its current account deficit problem by increased use of technology across all spheres of industries and especially in the energy sector.Addressing a gathering of Asia Society in Mumbai on the launch of a collection of essay called “Reimagining India” on Tuesday evening, Ambani said delivery of education, means of livelihood and health care services can be expedited if the country embraces technology. “India is not behind in innovation. By...

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