‘Edn institutions must improve standards and play a key role in nation's growth'
Vijayawada: Amid widespread concerns over declining standards in educational institutions, Rajya Sabha member and BJP leader Paka Venkata Satyanarayana has on Saturday underscored that educational institutions need to improve their standards to play a significant role in shaping the growing Indian economy. He said that India's annual budget volume had increased from Rs.14 lakh crore to Rs.50 lakh crore over the past one decade and exports from India were also increasing as 'Make in India' initiative had been yielding good results.
Speaking as the chief guest at the Andhra Pradesh Technical Education Fair organized byThe Hans India, hmtvand RED FM 93.5 at the Siddhartha Academy of Higher education, Kanuru, here, the MP said that the government alone could not develop the country. Educational institutions should also be part and parcel of the economic development of the country and fulfill the future needs of the country by delivering quality education and upgrading the standards. He urged educational institutions to evolve as the concept of education had changed in recent years and economic relations were getting more important.
Pro Vice chancellor of the Siddhartha Academy of Higher Education (Deemed to be University) Vijayawada AV Ratna Prasad and Pro Vice chancellor of the SRM University, Amaravati, Dr Ch Satish Kumar, Managing Director of The Hans India and HMTV K Hanumanta Rao and others were present. The organizers presented awards to the best colleges and best universities in Andhra Pradesh in nine categories.
Faculty members and representatives from various engineering colleges and universities attended the awards presentation programme. Participating universities and colleges put up stalls for the two-day Technical Education Fair highlighting the courses offered by them, facilities available in their institutions and other details. The education fair concludes on Sunday.
Satyanarayana congratulated The Hans India for taking the initiative to recognize the best educational institutions in the state and honouring them with awards. Pro Vice chancellors of the Siddhaartha Academy of Higher Education (Deemed to be University) Vijayawada AV Ratna Prasad also congratulated The Hans India for hosting the education fair 2025 and presenting the awards to educational institutions. SRM University Pro Vice Chancellor Dr Ch Satish Kumar thanked organizers for presenting awards to the university. Faculty members received the awards with great joy from the chief guest.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
30 minutes ago
- Hans India
Retail sector gaining momentum, growth expected to reach 9-10 pc soon: RAI
New Delhi: The Indian retail sector, currently valued at $900 billion, is showing signs of strong recovery and is expected to grow at a faster pace in the coming months, according to the Retailers' Association of India (RAI). The sector, which is currently growing at a rate of 5 per cent, is likely to soon pick up speed and reach a growth rate of 9 to 10 per cent. RAI's CEO Kumar Rajagopalan said that right after the pandemic, the retail sector had bounced back strongly with a 20 per cent growth rate. "However, in the last one year, the growth slowed down to around 5 per cent. Now, with the markets stabilising, consumers spending more, and the right consumer base in place, the sector is once again showing signs of faster growth," he added. Meanwhile, as per RAI's 62nd Retail Business Survey, retail sales across India grew by 7 per cent in May 2025 compared to the same month the previous year. This marks a significant improvement after months of moderate growth ranging between 4 to 5 per cent. Region-wise, southern India led the way with a 9 per cent growth in retail sales in May. Western India followed with 7 per cent, while northern and eastern regions recorded growth of 6 per cent and 4 per cent, respectively, as per the report. Among the different segments, quick service restaurants (QSR) showed the highest growth at 10 per cent. Consumer durables and electronics, along with furniture, also performed well with an 8 per cent rise each. Rajagopalan said this increase shows that people are now more willing to spend, especially on non-essential or discretionary items. Looking ahead, the RAI CEO expressed optimism about the upcoming festive season. He said that the improving consumer sentiment could further boost retail sales and bring the sector closer to double-digit growth in the near future.
Time of India
33 minutes ago
- Time of India
Credit Card holders take note: Major banks to tweak benefits from July; SBI, HDFC, Kotak revise rules - Here's what you need to know
This is an AI-generated image, used for representational purposes only. Starting July 2025, several leading banks, including SBI , HDFC Bank and Kotak Mahindra Bank, will roll out significant changes to their credit card terms, including revised insurance benefits, new transaction charges, and product migrations. Cardholders are advised to review these updates carefully to avoid unexpected costs and benefit disruptions. SBI Card: Insurance benefit withdrawn, payment rules updated SBI Card will discontinue its complimentary air accident insurance across several premium and co-branded cards from July 15, 2025. This includes the Rs 1 crore cover on SBI Card Elite, SBI Card Miles Elite and SBI Card Miles Prime, and the Rs 50 lakh cover on SBI Card Prime and SBI Card Pulse. Additionally, from August 11, 2025, this benefit will also be removed from co-branded cards like UCO Bank SBI Card ELITE, Central Bank of India SBI Card ELITE, and others, according to ET. SBI has also updated its Minimum Amount Due (MAD) calculation formula. From July 15, the MAD will include 100% of GST, EMI, charges, and finance costs, plus 2% of the remaining dues. The order of payment settlement will now be: GST > EMI > charges > finance charges > balance transfer > retail spends > cash advances. HDFC Bank: New charges on gaming, wallet loads and utilities HDFC Bank will revise several credit card charges from July 1, 2025. According to ET, a 1% transaction fee (capped at Rs 4,999/month) will now apply to: Online skill-based gaming spends over Rs 10,000/month Wallet loads exceeding Rs 10,000/month Utility bill payments above Rs 50,000/month (Rs 75,000 for business cards) No reward points will be given on gaming spends. Insurance spends remain exempt from charges, but rewards will be capped monthly: Infinia cards: 10,000 points Diners Black: 5,000 points Other cards: 2,000 points Cards like Marriott Bonvoy will continue to enjoy uncapped reward points. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ductless Air Conditioners Are Selling Like Crazy [See Why] Keep Cool Click Here Undo Also, education, rent and fuel spends will see charges if routed through third-party apps or if they exceed defined limits, ET reported. Kotak Mahindra Bank: Myntra Card to be replaced Kotak Mahindra Bank will discontinue the Myntra Kotak Credit Card from July 10, 2025, and transition customers to the Kotak League Credit Card. Users are urged to review the new card's features and rewards structure, as the migration will automatically replace the existing benefits. With banks tightening card benefits and introducing new charges, consumers are advised to monitor their monthly spending categories, especially in areas like online gaming, wallet usage, and high-value utility payments. Reviewing terms can help avoid fees and ensure continued access to key features. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
35 minutes ago
- Mint
Running a family business with loans or gifts? Know the tax rules
I have two questions regarding laws around investments, business and loans applicable to an HUF: a) can money be lent to an HUF and the same money can be invested? Will income from such investment be taxed in the HUF's hands while the principal remains debt? b) Can an HUF start a business using gifts or loans? Will clubbing apply? Yes, a Hindu Undivided Family (HUF) can accept loans, and this is one of the most effective ways to introduce funds into the HUF without triggering adverse tax implications—provided the loan is genuine and properly documented. It should clearly state the repayment terms and, if applicable, the interest payable. If an HUF borrows money and invests those funds (for example, in shares, mutual funds, or fixed deposits), any income earned from such investments—such as interest, dividends, or capital gains—is taxable in the hands of the HUF. The original loan continues to be shown as a liability on the HUF's books. Moreover, if the borrowed funds are used in a business or to earn taxable income, the interest paid on the loan can be claimed as a deduction, as long as it meets the standard tax rules for expense eligibility. However, caution is advised when the loan is from members of the HUF. If the loans are frequent, large, interest-free, or never repaid, the Income Tax Department may recharacterize such funds as indirect gifts. This could result in clubbing of income—i.e., taxing the income from such funds in the hands of the lender member instead of the HUF. To second the second question: Yes, an HUF can own and operate a business. It is recognised as a separate legal entity under Indian law. However, it cannot engage in professions or services that depend on personal skills or qualifications—since it is not a natural person. For example, an HUF cannot be a lawyer or a doctor. When it comes to starting a business, the source of funds becomes crucial from a tax perspective: Gifts: If the business is funded through gifts from members or third parties, the ₹ 50,000 threshold under Section 56(2)(x) of the Income Tax Act applies. Since the HUF has no 'relatives' under the gift tax definition, even gifts from members may be taxable if the value exceeds ₹ 50,000 in a year. Loans: Loans from members or outsiders are permissible and preferable, as long as they are properly documented. Loans don't attract tax liability for the HUF as long as the transaction is genuine and repayable. Member's Personal Funds or Assets: If a member—including the Karta or any coparcener—contributes personal funds or assets to start or run the HUF business, clubbing provisions under Section 64(2) of the Income Tax Act come into play. This means that any income generated from such funds may be taxed in the hands of the member, not the HUF. This clubbing continues even if the funds are converted into another form or reinvested. Given these legal and tax implications, funding a business through properly structured loans is generally more tax-efficient and compliant than using gifts or personal contributions from members. Documentation and intention must be clear to avoid income being clubbed back to the contributor. CA Vijaykumar Puri, partner at VPRP & Co LLP, Chartered Accountants
