There is such unevenness that our higher education system has been largely ineffective in improving scientific output in particular.
A recently-released World Bank report paints a rather dismal picture of socioeconomic mobility and inequality of opportunity around the world.
Source: The Wire
Economic research shows that interventions aimed at improving cognitive skills rather than mere enrolment rates are required to boost economic growth.
Source: Times of India
IIT-Kanpur is first among the IITs to start an Economic Sciences department. The new department came into operation from Saturday and students clearing JEE Advanced 2017 and also willing to pursue Bachelor of Science (BS – Economic Sciences) program would get admission in it.
For more, view the Times of India online.
Source: The PIE News
Spending by international students and their visiting friends and family amounted to a net CAN$11.4bn in 2014, up from $8bn four years earlier, according to the federal government’s new economic impact study. Canada’s international education services now account for 11% of the country’s service exports.
For the complete article, visit The PIE News.
In a piece for the Vancouver Sun, columnist Don Cayo calls on Canada to do more to help immigrants develop their English and French language skills. Cayo says that while many immigrants to Canada are highly educated, they must often settle for lesser jobs and smaller paycheques because of difficulty communicating in one or both of the country’s official languages. Cayo cites research from scholars at the University of Waterloo and Princeton University that suggests that “linguistic proximity”—the degree of similarity between an immigrant’s mother tongue and one or both of Canada’s official languages—bears a relationship to an individual’s ability to get a better job in Canada. Language difficulties, Cayo says, prevent immigrants from reaching their professional and economic potential in Canada, and inhibit them from contributing to the broader economy. Cayo goes on to suggest that improving language skills is essential in the face of a looming shortage of skilled, articulate, and well-educated workers.
Source: Press Trust of India via Indian Economic Business News
Economic growth may improve to 6.1 per cent in the next financial year, from the decade low of 5 per cent in 2012-13, on the back of reform measures announced after mid-September 2012, India Ratings said today. The rating agency also expects aggregate State governments’ fiscal deficit to go up to 2.4 per cent against the budget estimate of 2.1 per cent. India Ratings expects slippage in aggregate fiscal deficit of states to be 0.3 per cent of the gross domestic product, from the budgeted fiscal deficit of 2.1 per cent in 2012-13. Unlike, the earlier episode of fiscal slippage in 2008-09, the slippage in the current year is expected to be low due to absence of adverse shock of salary revision. The agency noted that both global and domestic headwinds pulled down India’s economy growth to 6.2 per cent in 2011-12. Industrial growth performance in the next fiscal is expected to improve to 4.4 per cent from 3.1 per cent in the current fiscal. The Central government tax collection in the next financial year would rise due to higher projected growth in 2013-14 leading to increased growth in current transfer to states, it said.