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May 2022

Mohammad Anas Wahaj | 31 may 2022

Internships are an important component of education and learning ecosystem that provide students with practical learning opportunities while still pursuing formal education in academic settings. Internships provide students with skills and experiences that anhances their career prospects. Prof. Rajnish Jain, Secretary and Chief Vigilance Officer (CVO) of University Grants Commission (UGC), recently released the 'Draft Guidelines for Research Internship with Faculty and Researchers at Higher Education Institutions (HEIs)/Research Institutions'. He says, 'HEIs research outcome catering to social and industrial needs is essential to strengthening self-reliant economic growth. The major push for research promotion initiatives in National Education Policy (NEP) 2020 provisions UG Honours degree with a research internship...As a part of the NEP-2020 implementation, it has been decided to have a robust mechanism to develop plan and strategies, encourage & motivate students for Research Internship at HEls/Research Institutions.' Summer internships are becoming mainstream. Sarvesh Agrawal, founder and CEO of Internshala, says, 'As compared to other months, the summer internships (April to June) are more popular because students have their college vacations going on and have more time to pursue full-time internships. Some of the popular internship profiles for which summer interns are being hired include management profiles like digital marketing, business development, sales and marketing, branding, customer service, market research, finance, human resources, and operations.' Area wise distribution of internships is as follows - Management (46%), Media (25%), Design and Architecture (9%), Commerce (1%), and other areas (2%). Prof. Ranjan Banerjee, Dean at the Birla Institute of Technology School of Management (BITSoM) Pilani, says, 'Internships have always been mandatory for students pursuing full-time two-year MBA programmes right from when the first B-schools started in India. This has been true for engineering students as well since the All India Council for Technical Education (AICTE) mandated internships in 2017 to improve the employability of engineering graduates. Now we are seeing a trend of undergraduate students in other disciplines also seeking out internships to get a preview of working in the organisations and industries that they aspire to make a career in, and strengthen their CVs at the same time.' Read on...

The Times of India: Why summer internships are on the rise
Author: Rajlakshmi Ghosh

Mohammad Anas Wahaj | 17 may 2022

According to Reserve Bank of India's (RBI) 2021-2022 Report on Currency and Finance (RCF) named 'Revive and Construct', the losses due to COVID-19 pandemic will take 15 years to overcome. The report suggests that India should focus on seven wheels of economic progress - aggregate demand; aggregate supply; institutions; intermediaries and markets; macroeconomic stability and policy coordination; productivity and technological progress; structural changes and sustainability. Moreover, price stability is an essential condition for strong and sustainable growth path. Shaktikanta Das, Governor of RBI, emphasises the need to create a virtuous cycle of greater opportunity for entrepreneurs, businesses, and the fiscal authority. For India's economic growth structural reforms that are needed include - enhancing access to litigation free low-cost land; raising the quality of labour through public expenditure on education and health and the Skill India Mission; scaling up R&D activities with an emphasis on innovation and technology; creating an enabling environment for start-ups and unicorns; rationalisation of subsidies that promote inefficiencies; and encouraging urban agglomerations by improving the housing and physical infrastructure. Read on...

India Today: Indian economy will take 15 years to overcome Covid losses, says RBI report. Here are the key takeaways.
Author: Aishwarya Paliwal

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