Hyderabad: The quality of education in Telangana state is increasing and Hyderabad has turned into an information technology hub. Students from across the country and abroad are moving to Hyderabad owing to the availability of educational facilities and job opportunities. Among them are students from neighbouring Andhra Pradesh.
A total of 3.12 lakh applications have been received for TS EAMCET, out of which more than 70,000 applications have been received from Andhra Pradesh. Last year, 53,931 students from Andhra Pradesh applied. Till April 11 this year, 70,172 applications have been received. Out of which, 20,091 applications have been received for agriculture and 50,081 for engineering.
There are many renowned engineering and pharmacy colleges established around Hyderabad and non-local candidates are trying to occupy the seats. Due to the IT boom, the number of seats in several engineering courses other than computer science in the famous engineering sector and universities has increased tremendously. Due to which students from Andhra Pradesh are moving to Hyderabad for education where better placement opportunities are available in more than 50 engineering colleges.
If we look at the previous years, in 2022, the JNTUH had received a total of 2, 66, 714 applications out of which 1, 72, 238 were for the Engineering stream while 94, 476 were for Agriculture and Medical. In 2021, the total of number of applications received by JNTUH was 2, 51, 604 out of which 1, 64, 963 were for Engineering and 86, 641 applications for Agriculture and Medical.
In 2020, the JNTUH received a total of 2, 22, 246 applications out of which 1, 43, 265 were for Engineering and 78, 981 applications were for Agriculture and Medical. In 2019, the total applications received by JNTUH were 2, 17, 199 applications out of which 1, 42, 210 were for the Engineering stream while 74, 989 applications were for the Agriculture and Medical streams.
But she said she did not think the world economy was headed toward a replay of the 2008 global financial crisis, despite problems in the banking sector that have surfaced in the United States and Switzerland.
“This is not 2008,” even though the high-profile collapse of Silicon Valley Bank last month has conjured up that concern, Georgieva said.
The 2008 crisis happened because too many financial institutions carried assets on their books that turned out to be highly overvalued. “We don’t have that now. The financial system, both banking and non-banking, is much cleaner,” Georgieva said.
During her wide-ranging remarks, Georgieva also warned about the potential negative economic impacts of the world dividing into different geopolitical camps because of frictions caused by Russia’s war in Ukraine and other forces that are fueling suspicions between the United States and China.
While it’s important for the West to stand up for its values, the frostier relations become, the more of a toll it would take on global economic growth, she said, referring to IMF research which estimates the potential loss from trade ranging from $200 billion to $7 trillion, or equal to about 0.2 percent to 7 percent of global gross domestic product.
“It makes sense to aim to be on the lower end of this cost spectrum,” Georgieva said.
The IMF chief recently returned from a trip to Beijing, where she had a chance to meet with the new economic team, including Premier Li Qiang, who took office on March 23, as part of Xi Jinping’s team for his third term as Chinese president. She described Li as “very practical, down to earth, very approachable, very clear in a commitment for China to continue to open up to be friendly to foreign investors.”
Despite the growing tensions between the U.S. and China, Georgieva said the message she received from Chinese officials was positive.
“The message that I got is that China is committed to multilateralism. They’re committed to trade that is based on rules. They’re committed to opening up the economy, as they have done so far. And they’re committed to play a constructive role vis-a-vis the developing world, including debt restructuring,” she said.
She also defended the United States’ Inflation Reduction Act against the criticism that — despite its name — it is actually fueling inflation by injecting massive amounts of government spending into the system.
“The Inflation Reduction Act is not that big on the scale of things … It is something that is going to be spent over a number of years. So it’s not going to make a big push on inflation,” she said.
Still, the current environment of higher inflation means governments should be cautious when it comes to new spending programs, she added.
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( With inputs from : www.politico.com )
In Mapoteng, in north-western Lesotho, near the border with South Africa, on sloping landscapes that in winter are the colour of the donkeys that traverse them, cannabis grows – in hard-to-access ravines and in people’s front yards, alongside pea and spinach patches.
The plants are mostly hidden, because even though legislation in 2008 made it possible to grow cannabis for medical or scientific purposes in Lesotho, doing so without a licence from the health ministry, and for recreational use, remains illegal.
Mapoteng in Berea District, Lesotho, where people farm cannabis in their gardens and in ravines, hidden from view. Photograph: Cebelihle Mbuyisa/The Guardian
By the time the first licences were issued in 2017, Teboho Mohale* had just finished high school. Except for a police station and the Maluti Adventist hospital, which employ a handful of people, there are few job opportunities in Mapoteng. So, Mohale started planting matekoane (cannabis) to sell to local people. Five years on, he still does not have a licence and at a cost of 500,000 maloti (about £23,000), he doubts he will ever get one.
He and other Basotho people, many of whom have grown cannabis for decades, say only the elite and multinationals have benefited from the legislation that was heralded as something that would spread the economic gains among many.
In the 2019 African Cannabis Report, Lesotho’s industry was projected to be worth at least $92m (£76m) by 2023. Yet Mohale and others, whose plants take eight months to mature in open fields, say they have been left out of the booming industry.
All Mohale can do is sell the crop from his roadside stall where grilled chicken gizzards and feet, among other things, are also on offer. “When I sell to locals for 5 maloti or 10 maloti, sometimes I get 600 maloti in total,” he says.
His customers are poor and pay in trickles, “like droplets from a tap”. So he prefers selling his entire harvest, 12.5kg of cannabis, in Hlotse, a market town near the South African border, where he gets 500 maloti in one go – not enough for the monthly upkeep of his family.
Part of Tebogo Mohale’s 2022 cannabis harvest. He says he farms and sells illegally because he has no choice. Photograph: Cebelihle Mbuyisa/The Guardian
Since the first marijuana cultivation licence was issued, Lesotho’s politicians have talked about opening up the industry to benefit ordinary people.
Emmanuel Letete, then an economist at the ministry for development planning, said in 2019 that cannabis was going to “set the country free”. Letete, now governor of the Central Bank of Lesotho, says the industry hasn’t lived up to expectations. He said the government has not done much to improve the possibilities of those already farming cannabis outside the legal framework because “there are no resources”.
The then prime minister, Moeketsi Majoro, said he wanted to see commercial cannabis companies forming partnerships with communities. But neither his government nor his party, the All Basotho Convention, has achieved any. Likewise, in 2018, the then health minister, now opposition leader Nkaku Kabi, said that he was working to allow more Basotho to benefit from the cannabis industry. Nearly five years on, there has been no word from government or opposition on any such strategy.
One of the first companies to get a licence in 2017 was Medigrow Health, which in 2021 announced it had brokered a multimillion-pound deal to sell medicinal cannabis into Europe. Andre Bothma, its CEO, did not respond to a Guardian request for an interview, but did tell a Quartz Africa journalist in 2019 that he planned to employ the entire village of Marakabei, where the company is located and which has a population of about 2,000.
Women pick cannabis leaves at a Medigrow greenhouse near Marakabei, Lesotho, August 2019. Photograph: Guillem Sartorio/AFP/Getty Images
In 2022, he said in another interview that he employed 200 people from the local communities. In a country where almost a quarter of the population is unemployed, and 31% live below the poverty line, any jobs are significant.
However, Mohale says employment is not the goal for him. He would like to grow cannabis legally on his own land. He says he would have started already had it not been for the prohibitive cost of the government licence.
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New commercial companies, with international investors, continue to move into Lesotho, building production plants in rural communities. In 2020, Morama Holdings started operations at Ohala Matebele in Letsatsing, in the north-east. When the company launched, Majoro praised the investors for giving a 20% shareholding of the company to Basotho nationals. However, Samuel Molemo, chief of the Letsatsing area was unhappy that the Basotho shareholders in Morama are not local people, but from the capital Maseru.
Molemo says the way Lesotho politicians make deals has to change. “We need to change our mindsets, especially when it comes to things that we own, like cannabis, natural resources and water. We need to have total control of our natural resources as Africans.”
“But as a chief, I have no say on people’s personal land and payment issues because in Lesotho we don’t sell (communal) soil,” says Molemo.
Dr Motšelisi Mokhethi of the University of Lesotho says some of these companies give landowners a lump sum to establish plants in rural areas. “Initially, the money seems significant. But they only realise after a few years that they got a raw deal,” says Mokhethi.
Dr Julian Bloomer, of Mary Immaculate College in Ireland, has written extensively about Lesotho’s long historical connections with cannabis cultivation. “Whilst I heard of the desire to help those from the illicit cannabis sector into the medical cannabis sector, I haven’t seen any plans for how this might happen.
“Clearly the high cost of licences mean that only those with access to capital have been able to enter the medical cannabis market,” he says.
From left, Nyefolo Mathinya and Liteboho Thahamane who are both seeking work at Morama Holdings cannabis plant in Letsatsing. Photograph: Cebelihle Mbuyisa/The Guardian
But there are undeniably jobs from this new industry. Thato Polane, 21, has been hired by Morama Holdings and takes home 3,000 maloti ($179) a month in return for tending plants. Far better than the 500 maloti ($30) a month she used to earn as a cleaner.
She is luckier than her two friends, Nyefolo Mathinya, 31, and Liteboho Thamahane, 23, who go every day to the gates of the cannabis plant to ask for work. Mathinya says she wakes up with the chickens every morning so she can walk there. She is tired but won’t give up. Like many young people in Lesotho, they have never been formally employed and the cannabis farms are the first industry to arrive in their area in their lifetimes.
A spokesperson for Morama Holdings said: “We take our community responsibility very seriously, hence we have an incredibly stable workforce with most of the team being with us since we started operations.”
* Name changed on request
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( With inputs from : www.theguardian.com )
