SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Sep, 2014  

pranab-mukherjee-2013THMB.jpg Fundamentals of our economy strong: President

   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 09 Sep, 2013
The fundamentals of our economy remain strong though growth has slowed down in recent times, President Pranab Mukherjee said here Saturday before winding up his two-day Odisha trip.

"Steps are being taken to contain fiscal deficit and boost industrial investment. I am confident of our economic growth being restored to the high levels seen in the past," he said at the convocation ceremony of the Bharatiya Vidya Bhavan in Bhubaneswar.

Earlier in the day, addressing the second convocation ceremony of the Indian Institute of Technology-Bhubaneswar, he called for innovative changes in India's education system to reclaim its lost glory.

He said, "Improvement in our academic system calls for innovative changes. Our examination system must incorporate modern methods of evaluation. Top quality teachers must be recruited."

Mukherjee said, "A spirit of competition amongst universities must be infused. Academic regulation must be streamlined to create a more flexible, transparent and student-friendly education system."

The president also said the country's efforts at expanding the higher education infrastructure had yielded positive results but very few academic institutions in the country can claim global rankings due to lack of quality.

He pointed out: "As per international ranking, there is not a single Indian university, including the IITs, amongst the top 200 universities in the world."

Mukherjee said, "Leading universities of the West and universities even in countries like China, Hong Kong, Taiwan, Brazil, Mexico, South Africa, Malaysia and Saudi Arabia are ranked higher than any Indian institution."

The president added, "In the past, for about 1,800 years beginning in the sixth century BC, we had an unbeatable higher education system represented by universities like Takshila, Nalanda, Vikramshila, Valabhi, Somapura and Odantapuri.

"They were a magnet for knowledge seekers from distant places. But today, we languish behind many nations," he rued.

Mukherjee arrived in Bhubaneswar Friday evening and proceeded to the temple town of Puri, about 55 km from here, where he spent the night at the Raj Bhavan.

In the evening he visited the beach and saw a sand sculpture created by internationally acclaimed sand artist Sudarsan Pattnaik.

The president offered prayers at the Jagannath temple, Puri early Saturday before returning to Bhubaneswar.
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter