Tag: hike

Two Missionary Schools Facing Music For Fee Hike

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SRINAGAR: Parents in Kashmir have raised concerns about abrupt increases in annual fees for the current academic session at Tyndale Biscoe and Mallinson higher secondary school. They claim that the school has increased fees by over Rs 2000 without the approval of the school fee fixation committee, and without consulting with parents.
“In this era when business in the Kashmir valley has shuddered, Tyndale Biscoe and Mallinson higher secondary school enhanced the annual fee,” parents claimed.
A group of parents has called the increase arbitrary and fears that the school will continue to raise fees annually if they don’t protest. The school has also charged additional Rs 3000 for summer camp, which was previously included in the annual fee.
Attempts to contact school authorities for comment have been unsuccessful.
Reports suggest that other private schools, even those with lower student enrolment and fewer facilities, have also increased their fees.
Director of Education in Kashmir, Mr. Tasaduq Hussain, has stated that schools must charge fees based on the facilities they offer, and parents should be able to pay in instalments. He has also warned that action will be taken against schools that charge extra fees. [KNT]

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#Missionary #Schools #Facing #Music #Fee #Hike

( With inputs from : kashmirlife.net )

May 9, 2023
Telangana: Salary hike for sanitation workers announced

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Hyderabad: On the occasion of International Labour Day, the Telangana government has increased the wages or remuneration of sanitation cum multipurpose workers and sanitation workers in rural and urban bodies by Rs 1,000/-, as part of the Palle Pragathi programme.
The hike came into effect on May 1, as per the government press release.
For rural sanitation cum multipurpose workers and sanitation workers, the additional expenditure shall be met from the budget of the respective rural local bodies. The Panchayat Raj and Rural Development will take necessary actions accordingly.

For urban sanitation cum multipurpose workers and sanitation workers, the additional expenditure shall be met from the budget of the respective urban local bodies, municipal corporations, GHMC and Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB). The Municipal Administration and Urban Development (MA) Department (MA&UD) will take necessary actions accordingly.
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#Telangana #Salary #hike #sanitation #workers #announced
( With inputs from www.siasat.com )

May 1, 2023
Karnataka: Yediyurappa slams Siddaramaiah over promise to hike reservation limit

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Bengaluru: Reacting sharply to Congress leader Siddaramaiah claiming that his party would increase the reservation limit in Karnataka from 50 per cent to 75 per cent if voted to power in the upcoming Assembly elections, former chief minister BS Yediyurappa on Wednesday said the “poll promise” would never be met as the prinicipal opposition party in the state was headed for defeat.
Speaking to ANI on Wednesday, the veteran Ligayat leader said, “Since he [Siddaramaiah] is going to lose miserably, the question of increasing the reservation limit in the state does not arise.”
“We [BJP] are going to do everything in our power to form the government,” he added.

Siddaramaiah, also a former chief minister who is eyeing a fresh term in post after the May 10 Assembly polls, had tweeted, “The Congress party is committed to increasing the reservation limit from 50 per cent to 75 per cent and extend reservation to all castes based on their population.”
Earlier on Wednesday, Yediyurappa came down hard on BJP turncoats Jagdish Shettar and Laxman Savadi, who recently switched over to the Congress, saying that they will pay for betraying the ruling party in the upcoming Assembly polls.
Shettar, a former chief minister, and Savadi, who formerly served as the deputy CM, belong to the Lingayat community which is believed to hold sway over electoral outcomes in the state.
Hitting out at both the BJP deserters, Yediyurappa said, “I call on the people not to cast a single vote for Laxman Savadi and Jagdish Shettar, as they betrayed the BJP despite being entrusted with key portfolios in the government.”
“I am 100 per cent certain that both these leaders would lose this election. There is no doubt about it,” Yediyurappa told ANI.

The 224-seat Assembly polls are slated to take place in a single phase on May 10 and results will be declared on May 13.
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#Karnataka #Yediyurappa #slams #Siddaramaiah #promise #hike #reservation #limit
( With inputs from www.siasat.com )

April 27, 2023
Nearly 200 House Democrats have signed onto a letter echoing President Joe Biden’s call for a clean debt ceiling hike.

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The letter comes as the House votes as soon as Wednesday on Speaker Kevin McCarthy’s opening debt limit offer, with spending concessions attached.

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#Nearly200 #House #Democrats #signed #letter #echoing #President #Joe #Bidens #call #clean #debt #ceiling #hike
( With inputs from : www.politico.com )

April 26, 2023
Hyderabad: Education minister to talk to OU vice chancellor over fee hike

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Hyderabad: Osmania University (OU) students on Monday continued their campaign against the hike in PhD free by presenting a request letter to Telangana education minister Sabitha Indra Reddy.
Nelli Satya, a political science research scholar, told Siasat.com that the Minister had promised that she will speak to the OU vice-chancellor, Professor D Ravinder on Tuesday and resolve the issue.
OU students are up in arms against the varsity’s administration ever since it increased the fee for PhD courses by ten times on March 16.

VC Prof. D Ravinder, speaking to Siasat.com said in case the minister asks for an explanation regarding the fee hike, he will convey to her that it was a decision taken after thorough consideration by the Standing Committee that consisting of 12 Deans from OU.
In a notification issued by the Dean Faculties of various departments, the fee particulars for students who were allotted seats under Category – 2 PhD courses for the academic year 2022, in Social Sciences, Arts, Education, Commerce, Management, and Oriental Languages was set at Rs 20,000 and for Engineering, Science, Technology, and Pharmacy departments it presents at Rs 25,000.
A press release by OU student union members on March 21, said that the fee for PhD courses in Social Sciences and other departments was Rs 2000 until last year and for Engineering and other courses it was Rs 2500.
“There are many factors that led to this fee hike beside the fact that this is the first time the PhD course fee structure was revised since 2003. Even the fee for Post Graduate courses is at Rs 15,000,” said the OU vice-chancellor.
Prof D Ravinder further explained that the students can avail of the reimbursement of the fee. He claimed that the PhD coursework will be done according to the norms prescribed by the University Grants Commission which is expensive by itself.

“The decision regarding fee structure on PhD programme has a huge impact on students from marginalised sections, it deters them from pursuing higher education,” said a press release from the research students of OU.
In the request letter submitted to the minister, the students alleged that the university’s decision is not rational as when compared with the fee structure of various central and state universities, the OU fee hike is steep and comes without prior notice.
The letter also requests the minister to ensure that the students are allotted supervisors and a university fellowship.
Speaking about the allotment of supervisors, Nelli Satya said, “Research Scholars who joined under category 2, in 2022, have not been allotted to their respective supervisors yet. We were supposed to receive an order during our admission allotting us but when we asked the university administration, they informed us that this will be done after 6 months but did not tell us the reason for the delay”.
Sandeep Kumar, an OU research scholar, said that this delay in allotting supervisors is mostly due to the shortage of teaching faculty at the university. “Another blow to the students is the delay in the singing of the Telangana Universities Common Recruitment Board Bill, 2022 by the Governor. Since the bill has been reserved by the Governor for “consideration and assent of the President”, the recruitment of teaching faculty will be delayed even further”.
Prof D Ravinder said, “The allotment of supervisors was kept on hold to ensure that the PhD students get some time to be accustomed to the professors and finish their coursework. However, the Standing Committee has reconsidered this decision. We will be completing the allotment in a week”.
He further informed that the providence of a university fellowship is decided by the University Grants Commission (UGC) guidelines. “After the completion of the UGC XII Plan (2012-2017), the commission does not hold the university obligation to provide non-NET fellowships to the students. I have personally requested the UGC chairman to reconsider this however, there is not much in the hands of the university”.
OU students have expressed that the campaign against the fee hike will continue and if there is no fee structure revision even after the minister intervenes, protests will ensue.
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#Hyderabad #Education #minister #talk #vice #chancellor #fee #hike
( With inputs from www.siasat.com )

April 17, 2023
Inflation slows but stays high enough for Fed to hike again

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Much of the drop resulted from price declines for goods such as gas, used cars and furniture which had soared a year ago after Russia’s invasion of Ukraine. | Nam Y. Huh/AP Photo
By Associated Press
04/12/2023 08:54 AM EDT
U.S. consumer inflation eased in March, with less expensive gas and lower food prices providing some relief to households that have struggled under the weight of surging prices for nearly two years.
The government said Wednesday that consumer prices rose just 0.1% from February to March, down from 0.4% from January to February and the smallest increase since December.
Measured from a year earlier, prices were up just 5% in March, down sharply from February’s 6% year-over-year increase and the smallest rise in almost two years. Much of the drop resulted from price declines for goods such as gas, used cars and furniture which had soared a year ago after Russia’s invasion of Ukraine.
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#Inflation #slows #stays #high #Fed #hike
( With inputs from : www.politico.com )

April 12, 2023
Sensex opens with losses; investors wait for RBI’s rate hike decision

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Mumbai: Domestic key indices of equity markets made marginal losses during the early trading hours on Thursday.
Investors were in wait-and-watch mode as the outcome of the Reserve Bank of India’s three-day deliberations will be announced by the central bank’s governor in the morning. Global cues seemed weak as central banks across the world remained cautious about the bank crisis.
BSE’s 50-share Sensex lost 86 points to 59,603.20 while NSE’s Nifty dipped 25 points to 17,532.15 during the morning trade on Thursday.

In Asian markets, Hong Kong’s Hang Seng index was down 0.48 per cent, Japan’s Nikkei declined 1.07 per cent, China’s Shanghai dropped 0.28 per cent and S&P ASX dipped 0.26 per cent on Thursday’s morning.
In American markets, Nasdaq 100 dropped 1.01 per cent, S&P declined 0.25 per cent and Dow Jones gained 0.24 per cent.
In European markets, Deutsche Borse dipped 0.53 per cent, FTSE 100 gained 0.37 per cent, and Amsterdam Exchange was trading in the positive territory, as Asian markets opened on Thursday morning.
The Reserve Bank of India (RBI) started its monetary policy meeting on April 3, 2023. The outcome of the meeting will be announced today at 10 am by Governor Shaktikanta Das. All stakeholders and investors would be watching the outcome keenly which might influence how they buy or sell their stocks in these few days. The RBI’s monetary policy committee (MPC) is widely expected to hike the repo rate by 25 basis points (bps) in order to combat rising inflation.
On Wednesday, key equity benchmarks extended their rising streak for a fourth straight session. Sensex jumped 582.87 points or 0.99 per cent to 59,689.31. The Nifty of NSE rose 159 points or 0.91 per cent to 17,557.05. Both the indices have climbed 3.6 per cent in four sessions.

In the broader market, the S&P BSE Mid-Cap index added 0.11 per cent while the S&P BSE Small-Cap index gained 0.95 per cent.
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#Sensex #opens #losses #investors #wait #RBIs #rate #hike #decision
( With inputs from www.siasat.com )

April 6, 2023
Over 2300 seats vacant at Delhi Skill and Entrepreneurship University due to fee hike: BJP MLA

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New Delhi: BJP MLA Vijender Gupta on Monday claimed that more than 2,300 seats at Delhi Skill and Entrepreneurship University (DSEU) are vacant due to a steep fee hike.
He said LG VK Saxena has sought a detailed report on it within 15 days.
Gupta shared a copy of the purported order issued from LG office on March 16. No immediate reaction was available from the LG office or the DSEU on Gupta’s claim.

The BJP MLA from Rohini said the issue was brought to the knowledge of the LG by him during a recent meeting.
“There was a 400 per cent hike in polytechnic diploma courses, from Rs 6000 to Rs 24,000. The fee of BTech and MTech course was hiked from Rs 35,000 to Rs 1,81,000,” he claimed.
Despite a high demand of such courses more than 2300 seats are vacant, he claimed in a statement.
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#seats #vacant #Delhi #Skill #Entrepreneurship #University #due #fee #hike #BJP #MLA
( With inputs from www.siasat.com )

April 4, 2023
RBI’s repo rate hike decision may not be unanimous

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Chennai: With economic experts expecting the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) to increase the repo rate further by 25 basis points (bps), whether it will be unanimous or not will have to be seen.
The MPC’s first meeting of FY24 is being held between Monday to Thursday. The decision on the repo rate hike will be announced on Thursday.
At the recent MPC meetings, the rate hike decisions were not unanimous with two external members — Dr. Ashima Goyal, Emeritus Professor, Indira Gandhi Institute of Development Research, Mumbai; and Prof. Jayanth R. Varma, Professor, Indian Institute of Management, Ahmedabad, voting against the hikes.

For instance, at the February 6-8 MPC meeting, Goyal and Varma had voted against the move to hike the repo rate by 25 bps to 6.50 per cent.
On the other hand, Dr. Shashanka Bhide, Honorary Senior Advisor, National Council of Applied Economic Research, Delhi; Dr. Rajiv Ranjan, Executive Director, RBI; Dr. Michael Debabrata Patra, Deputy Governor in charge of monetary policy; and RBI Governor Shaktikanta Das voted for the rate hike.
The resolution was passed by a majority of 4:2.
Commenting on the February 6-8 MPC meeting, Emkay Global Financial Services in a report said the minutes depicted a cautious and data dependent tone with most members anchoring their arguments to the risk of sustained high inflation and their second-round effects.
“The divergence in views became even more acute this time. The internal members of the RBI MPC were significantly hawkish, while Dr. Bhide seemed cautiously neutral. Prof. Varma and Prof. Goyal sounded dovish, arguing that there is a likely case of excessive frontloading of hikes, overshooting what is needed to achieve price stability, and further tightening is not desirable as one has to account for policy transmission lags,” Emkay Global said.

So, if the MPC decides on a rate hike, then it may not be unanimous.
Meanwhile, differing views are being expressed by experts on the interest rate with one saying the MPC may hike the repo rate by 25 bps and hit the pause button. The other view is that the MPC may hit the pause button on the rate hike for now.
However, the latter is slightly remote as the inflation continues to be sticky — the rate hikes are made to control the inflation.
Further the RBI had recently written to the central government on the steps it would take to control inflation/price rise.
“The RBI’s decision in April is likely to be influenced by the unexpectedly high consumer price index (CPI) inflation numbers recorded in the last two months,” said CARE Ratings in a report.
“The January and February spike in CPI inflation, combined with core inflation remaining above 6 per cent, may push the policy outcome in favour of one more rate hike. Moreover, the latest inflationary expectations data does not suggest a significant relief,” the report notes.
The credit rating agency expects the RBI to hike the repo rate by 25 bps to 6.75 per cent. With the real rate turning positive and tight liquidity conditions, CARE Ratings also expect a change of stance from ‘withdrawal of accommodation’ to neutral.
According to Lakshmi Iyer, CEO-Investment & Strategy Kotak Investment Advisors Limited, the CPI remains above the 6 per cent threshold, including core inflation which remains sticky. Though CPI is likely to trend lower in the coming months, the probability of a 25 bps rate hike in the upcoming MPC seems high.
“To hike or not to hike could be the most discussed agenda as the clamour for a pause seems to be only growing,” Iyer added.
Giving a different view, India’s largest commercial bank, the State Bank of India (SBI) expects the MPC to hit the pause button this time around.
“We expect the RBI to pause in April policya It has enough reasons to pause in April. There are concerns of a material slowdown in affordable housing loan market and financial stability concerns taking centre stage,” said SBI’s research report titled, “Prelude to MPC Meeting”.
Agreeing on the inflation concerns is justified the SBI report said the average core inflation is at 5.8 per cent over the last decade and it is almost unlikely that core inflation could decline materially to 5.5 per cent and below as post pandemic shifts in expenditure on health and education and the sticky component of transport inflation with fuel prices staying at elevated levels will act as the constraint.
By this logic, the RBI may then have to go for more rounds of rate hikes.
Churchil Bhatt, Executive Vice President & Debt Fund Manager, Kotak Mahindra Life Insurance Company, said that the MPC members are facing a catch-22 situation — a turbulent global economic landscape versus a healthy and reasonably insulated economy.
“We expect a pause in the April 23 MPC meeting with no change in stance. Forward guidance by the MPC, if any, may be open ended, leaving room for deft manoeuvrability depending on evolving circumstances in the global and domestic economy,” Bhatt said.
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#RBIs #repo #rate #hike #decision #unanimous
( With inputs from www.siasat.com )

April 3, 2023
Centre should apologise to the nation for fuel price hike: KTR

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Hyderabad: Bharat Rashtra Samithi (BRS) working President K.T. Rama Rao on Thursday sought an apology from the BJP-led Union government for skyrocketing fuel prices.
Slamming the Central government for ‘burdening the common man with increased fuel prices’, the BRS leader said in an open letter that the Centre is looting the public by citing international crude oil prices as the reason for the fuel price hike, but their deceit has been exposed.
“In 2013, when the cost of one crude oil barrel was $110, the cost of one litre petrol was Rs 76. Now, when the cost of one crude oil barrel is $66, the cost of one litre petrol is Rs 110,” KTR pointed out.
KTR added that the Centre is fleecing the poor and middle class people by increasing prices just to benefit a few corporates.
“Due to the 45 per cent hike in fuel prices since 2014, all the essential commodities have become costlier,” the state minister said.
KTR also said that due to the rise in diesel price, the state governments have been forced to increase public transport charges and the public transport system is on the brink of a crisis because of the Central government.
“The inflation is also at a 45-year high due to the failures of the Union government,” he added.
The minister wondered that though the Centre makes tall claims regarding importing crude oil at lower prices from Russia, the same benefit is not passed on to the common man and only two oil companies are reaping huge profits.

“The Union government is importing crude oil at lower prices from Russia, refining it, and selling the refined fuel to other countries. They are hiding this key information from the public,” KTR said.
He added that the Centre also reduced windfall tax on fuel to benefit some corporate entities.
KTR took a potshot at Central ministers for their remarks that bringing fuel under the purview of GST would reduce prices.
“The LPG cylinder price, which is under GST, has been hiked from Rs 400 to Rs 1200, making it the costliest LPG cylinder in the world,” KTR said.
He also accused the Central government of conspiring to stop discussions on price rise in the Parliament.
“Rejecting the BJP is the only way to stop the looting of the Central government and to reduce fuel prices,” KTR said.
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#Centre #apologise #nation #fuel #price #hike #KTR
( With inputs from www.siasat.com )

March 31, 2023