4 October 2016 Current Affairs

CBSE has sent official memorandum to all schools to disclose their fees

The CBSE has sent an office message to all its affiliated schools to upload all the information regarding fee structure online by October 31.Following the petition filed by parent to make the academic system transparent for all, Central Board of Secondary Education (CBSE) has recently given direction to all the schools to put all the information on their official websites.


Parents will soon be able to know the facilities that schools are offerings per reports, this notice has been issued mainly to address the issue of fee as the board had received complaints from parents that a number of schools were charging enormous fees Also, the notice points out that the affiliation bye-laws of the board specifies that “fees charged should be equal with the facilities provided by the institution “Now, all the schools need to upload the data on their websites by October 31’The information will be helpful to parents and students to know about the facilities available in the schools,’ as stated in a recent HT report Meanwhile, in June this year, the board had issued an advisory asking its affiliated schools not to charge huge fees from students.

Michelle Obama will celebrate ‘International Day of the Girl Child’ on October 11 by Skype with girls 

Glamour magazine’s ‘The Girl Project’ promote the event that offers help in education to more than 50 million girls worldwide.US First Lady Michelle Obama will celebrate ‘International Day of the Girl Child’ on October 11 by Skyping with girls around the globe about education challenges in their lives. She will be joined from the Newseum in Washington D C by actress Yara Shahidi and Glamour Editor-in-Chief Cindy Leive .Girls from Washington, Jordan, Peru, Tanzania and United Kingdom will take part at the event. The event with help from cosmetics giant Maybelline New York, kicks off a month long campaign by The Girl Project to raise money for education programs. Glamour will host 100 watch parties in 100 countries.

In Fourth bimonthly policy RBI cuts Repo rate by 25 bps

The Reserve Bank of India (RBI) on Tuesday cut repo rate by 25 bps to 6.25 per cent. Reverse repo rate under the LAF stands adjusted to 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.75 per cent. All six members of the monetary policy committee voted in favour of cutting repo rate. In its policy statement, the central bank said that the decision of the monetary policy committee was consistent with the receive view point of the monetary policy. Retail expansion is expected to be 5 per cent by March 2017 with upside risk. The policy was announced in the afternoon against the existing practice of 11 am. Earlier, former RBI Governor Raghuram Rajan had the final say on interest rate cut decisions. Patel now has to go by the advice of a newly set up six-member monetary policy committee (MPC). This is for the first time that decision-making on interest rates has shifted to the six-member panel which has equal representation from RBI and the government.

Updated: October 4, 2016 — 6:18 pm

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