World Bank sees India growing at 6.1% this fiscal

Source: Hindu Business Line via Indian Economic Business News

The World Bank sees India regaining economic momentum and recording 6.1 per cent GDP growth in the current fiscal. Growth is expected to increase further to 6.7 per cent in 2014-15, the World Bank said in its latest India Development Update, a bi-annual report on the Indian economy. The 6.1 per cent growth forecast for 2013-14 is much higher than the five per cent growth estimated for 2012-13. The World Bank’s optimism stems from positive data points in the recent months in the areas of manufacturing, inflation and better export numbers, said Denis Medvedev, Senior Country Economist, World Bank, India. Despite the current downturn, long-term prospects remain bright for India, said Martin Rama, World Bank’s Chief Economist for the South Asia Region.

Harper Government tables social security agreement with India

Source: Canada Newswire via Indian Economic Business News

On April 23rd, the Honourable Diane Finley, Minister of Human Resources and Skills Development, tabled in the House of Commons the Social Security Agreement between Canada and India, which will coordinate pension benefits between both countries. “Our government is committed to ensuring retirement security for Canadians, whether here or abroad,” said Minister Finley. “This agreement will reduce the pension contribution costs for Canadian companies sending employees to India and ensure that those same Canadian employees receive the pension benefits they are entitled to for time spent working abroad.” Once in force, this agreement will also make it easier for people who have lived and worked in both India and Canada to qualify for public pension benefits from either, or both, countries. Periods of coverage under the Employees’ Pension Scheme of India may help towards eligibility for Canadian benefits and vice versa. Canada has signed 57 social security agreements; 53 are currently in force. The Social Security Agreement between Canada and India is expected to enter into force in 2014, once both countries have completed their legislative procedures.

CIEC Introduces Major Changes to CARE: Shortened & Inclusive Process, Decreased Fees, Free Application Pre-Screening

The Canada India Education Council has opened Agent Membership (CARE) to education agents, advisors, and counselors. After receiving feedback from education agents, CIEC has introduced significant changes to CARE:

  • Decreased Membership and Application Fees
  • Application Fee
    • Before: $525, Now: $225 (Sign up now and enjoy a FREE Pre-Screening)
  • Membership Fee
    • Before: $1500 – $4500, Now: $999 for a 2-year period
  • Application Fee waived for agents applying between June 1st 2013 – July 1st 2013
  • Membership Decision will be made upon receipt of the Application Form
  • Inclusive Process – Agents will not be tested on their compliance with CARE Standards (Voluntary Code of Ethics)
  • Process shortened from 4 – 6 months to 1 – 2 months
  • CIEC no longer conducting Site Visits or Staff Assessments
  • DFAIT training no longer mandatory
  • CIEC will organize an annual CARE Training Seminar in one or more major Indian cities

It is our hope that a more inclusive process will create a more immediate and widespread change in the student recruitment market. To get started please complete and send the Application Form (click here to download) to iCARE@CanadaIndiaEducation.com.

Benefits of Agent Membership (CARE) include:

  • Use of CARE logo and goodwill of the ‘CIEC’ brand
  • Display of CARE – Recognized Membership Certificate and Membership Statement
  • A listing in the bi-weekly CIEC online newsletter, ‘Disha,’ besides opportunities for marketing on the CIEC website, newsletter, events and e-mail campaigns distributed to 19 000 education stakeholders in both countries
  • Listed as a recognized CARE agent on CIEC’s website (with a dynamic profile linking to your services) and social networking platforms
  • Use of the CIEC Representative Office in Toronto to establish your presence in Canada. CIEC can also arrange face-to-face interviews at our member institutions
  • Exposure at our annual Synergyblockbuster networking event. Includes a reduced registration fee and for agents arriving from India, free airport pick-up & a one-night free stay at the hotel
  • Greater visibility and recognition by CIEC member colleges and universities as well as governments in both Canada and India
  • Exclusive airport pick-up for your students (for a nominal fee)
  • Access to CIEC webinars, networking and training events
  • Access to Annual Training Seminar in one or more major Indian cities
  • Establish your reputation and promote your business through an advisory position on our ‘Student Discussion’ Facebook group / website forum
  • Personalized assistance & insights in growing your network of reputable Canadian institutions & on-the-ground support

For more information about membership benefits, please visit: http://canadaindiaeducation.com/care/benefits

The much-lauded CARE Initiative is designed to bring transparency to the agent sector in India by promoting the CARE Standards. CARE is supported by CIEC’s member institutions which includes Canadian Colleges & Universities and is poised to soon become the benchmark & establish standards for counselors and agents promoting Canadian education in India. Agent Membership (CARE) will be granted by the CIEC Executive Team in consultation with the impartial Membership Committee, comprised of academic experts representing 3 major Canadian Colleges.

CARE serves as a cost-effective way for education agents to gain exposure, establishing their credentials, and distinguishing themselves in the exciting Canada-India education corridor. Agents wishing to strategically position themselves in an increasingly fierce and competitive international environment are invited to become an CARE Recognized Member of the Canada India Education Council.

To get started please complete and send the Application Form (click here to download) to Gaurav Verma at iCARE@CanadaIndiaEducation.com.

We look forward to working with you and becoming a trusted partner as you guide students to quality post secondary institutions in Canada.

Regards,

imgHusain                                                imgRoseann

Husain F. Neemuchwala                                      Prof Roseann O’Reilly Runte, President & Vice Chancellor,
CEO – CIEC                                                            Carleton University
                                                                                      Academic Advisor – CIEC

 

India develops cheap vaccine against major cause of diarrhea deaths in children

Source: Toronto Star via Indian Economic Business News

The Indian government announced recently the development of a new low-cost vaccine proven effective against a diarrhea-causing virus that is one of the leading causes of childhood deaths across the developing world. The Indian manufacturer of the new rotavirus vaccine pledged to sell it for $1 a dose, a significant discount from the cost of the current vaccines on the market. That reduced price would make it far easier for poor countries to vaccinate their children against the deadly virus, health experts said.

India ranks 8 among 27 most powerful nations in world

India ranks 8 among 27 most powerful nations in world

Source: The Times of India via Indian Economic Business News

India is among the top 10 most powerful countries in the world. In a first-of-its-kind study of “national power” a group of eminent strategic experts and scholars have placed India at the eighth position among a group of 27 most powerful countries in the world. The study, conducted by the New Delhi-based Foundation for National Security Research (FSNR), judged “national power” by various indices, including energy security, population, technological capability etc. An interesting index of national power was judged by “foreign affairs capability”, which includes self-reliance in defence, membership of multilateral groupings, role in global rule-making and soft power. Interestingly, though China comes out as the second most powerful nation in the world after the US, Chinese foreign affairs’ capability is comparable to India’s, even though in terms of total power New Delhi comes way below Beijing. Professor Satish Kumar, introducing the study, said, “The Group of Experts evolved a criterion consisting of the following elements for the selection of countries which could be regarded as actually or potentially the most powerful: (i) Population above 50 million; (ii) GDP above US$ 500 billion; and (iii) defence expenditure above US$ 5 billion.” The effort, he said, was to have an Indian assessment of indices of power. The US is by far the world’s most powerful nation, several notches ahead of its nearest competitor, China.