Regd. No. MH/MR/South-160/2012-14 RNI Regn. No. 43675/1985 MUMBAI FRIDAY, JUNE 21, 2013 32 PAGES `3 Website: www.afternoondc.in
30 PER CENT FEE HIKE?
Aft er oo DESPATCH & COURIER
Gold: `27,295 Silver: `43,115 US Dollar: `59.57 Temperature: 290C/250C Humidity: 74%
Varsity declares that hike in the degree college fees will directly depend upon facilities given to students
By Yatin Ingle
workload of 30 lectures per week. Another reason for the hike, are the expenses for library, computer and other facilities depending upon the facilities provided by the colleges”. The ADC spoke to Dr Nareshchandan, Pro Vice Chancellor, MU, who said “This decision has been taken considering the expenses incurred by some colleges for offering facilities and infrastructure to students. All the students should not uniformly suffer from the hike and thus the decision has been taken by the varsity that only those colleges offering facilities can hike their fees.”
cussing the revision in several meetings. The committee has proposed a hike in tuition tudents wanting lavish facilities in their fees for unaided colleges in the regular BA, colleges will now have to put up with a BCom and BSc courses to be increased from 30 percent fee hike, as compared to the current Rs.3,000 to Rs.9,000 to cover the other colleges. The Mumbai University yes- rise in teachers’ salaries and also for the unterday passed a new resolution stating that aided divisions in aided colleges. Talking to Madhu Nair, member of the fees the fee hike can be demanded and claimed by a college, depending upon the facilities and review committee and Dean of Commerce, MU, said “The hike has been brought up infrastructure provided by the institution. The process of fee hike has been going on considering the increase in the salaries of the since the year 2007-08. In September 2012, teachers to be made. Most of the teachers the fee review committee of MU had submit- have to work with maximum salaries as low ted its proposal to the university after dis- as 10,000 per month and have to complete a
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BIJLEE COULD BE PUT TO SLEEP By Shwetha Kannan
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Sushil Kadam | ADC
hile top notch doctors from across the country are flying down to Mumbai to
help Bijlee get back on her feet, Rajzu Iyer, who has known this 58-year-old ailing elephant for the past thirteen years, realises that his darling jumbo doesn’t have long to live
An ailing Bijlee, propped up by a harness, being attended to by veterinary doctors, yesterday.
and even if she does, it will be a life full of suffering and misery. And it is this love and affection of thirteen years that has made Rajzu think of writing a petition to the state government for Bijlee to be euthanized, if she doesn’t recover well within a month’s time as Rajzu can’t bear to see Bijlee suffering. Death wish out of love: “I cannot see her suffering like this. Yes, doctors are doing their best for Bijlee. All of us praying for her recovery but I don’t think she can get back to normalcy. She is unable to stand without harness. It pains me to see her bound this way but there is no other option. Without the harness she will collapse. Given her medical condition and her age, it looks difficult that she can survive. Dr. Kushal Sharma, who is an expert in treating elephants and is also a member of the panel that approves euthanasia for animals, said that Bijlee can pull along for sometime with medicines and antibiotics. But for how long can she survive on antibiotics and steroids? Why subject her to such cruelty and misery? She might as well be put to sleep,” said Rajzu. Rajzu’s association with Bijlee: “I have known her for the past thirteen years. One day I was walking on the road and Continued on pg 6 «
48 Hours Pg13-20
Forewarned And Forearmed Through The Business Section Of ADC I
n our issue dated June 3, 2013, the Business & Investment Section of the ADC had chosen to focus on a special subject that was hardly discussed in India. But we paid close attention to the developments happening overseas, and mainly in the US. We wrote that “the fear that the super-loose US monetary policy of the past four years that fuelled cheap Fed funds leading to across the board rallies amongst most asset classes and markets, could soon come to an end and could create major corrections across global asset classes.” It seems that our fears were not unfounded. The only question was: how badly will it impact India? Based on our own analysis and the views of experts, we concluded that the possible winding down of the US Quantitative Easing (QE) programme that had boosted economies across the globe and its easing will not be easy for economies, including that of India.
That truth came to the forefront The full report of yesterday, as June 3, 2013 on ‘Will The the U.S. Federal US QE Impact India?’ can Reserve be read at http:// announced afternoondc.in/ businessthat it is investment/will-the-us-qeconsidering impact-india/ withdrawing article_83958 efforts to support the U.S. economy and may trim its monthly bond purchases from the current level of $85 billion a month by the end of this year: Simply put, it meant that the US government would no longer pump easy money into the US economy. Markets across the world bled as the news broke out. And India was no exception. It came as a blow for both the struggling Indian Rupee, which touched an all-time low against the US dollar at 59.93 and the equity markets which tumbled in tandem. The BSE Sensex lost 2.74% in a single session, while the Nifty lost 2.86%. So, what happens next? As of now the situation is still fluid. However, what is clear is that there is more pain around the corner. Through it, dear reader, we can assure you that our Business section will continue to monitor, analyse and assess the situation to give you the advantage, because we believe: Forewarned is forearmed’ Carol Andrade Editor