Revisit education system to impart Indian values, culture and tradition: M Venkaiah Naidu

first_imgRevisit education system to impart Indian values, culture and tradition: M Venkaiah NaiduThe Vice President said that said that serving in organizations like the Scouts and Guides or NCC should be made mandatory for students to inculcate discipline and a sense of empathy to serve the needy.advertisement India Today Web Desk New DelhiJanuary 28, 2019UPDATED: January 28, 2019 16:22 IST The Vice President said that educational institutions must become temples of learning and wisdom.Vice President M Venkaiah Naidu has called for revisiting education system with emphasis on history, heritage, culture, traditions, values, and ethos of India.He said that the stories of sacrifice, valour, and contributions made by the freedom fighters and other leaders should become an important component of our education system, while addressing the diamond jubilee celebrations of PGDAV College on Sunday.Educational Institution must become temple of learning: Venkaiah NaiduThe Vice President said that educational institutions must become temples of learning and wisdom. “They should become sanctuaries of peace and harmony, growth and development,” he said.Emphasis on educationNaidu emphasized that the atmosphere in university campuses should not be vitiated by conducting events which are not connected with education.He said that character-building should become the essential dharma of education.The Vice President said that serving in organizations like the Scouts and Guides or NCC should be made mandatory for students to inculcate discipline and a sense of empathy to serve the needy.Education must focus on developing a holistic personality: NaiduNaidu said that education must focus on developing a holistic personality of the individual. Apart from learning and acquiring knowledge, students must also learn to practice yoga and participate in sporting activities as it was essential to develop a sense of equilibrium in the stress- filled world of today.He called upon educational institutions to impart spiritual values as well, he added.Arm yourself with knowledge and wisdom: Vice PresidentThe Vice President urged students to arm themselves with knowledge, wisdom and ethical principles before they head out into the world. He also asked them to explore the possibilities of providing creative solutions to problems like climate change faced by the nation and the world.advertisementYoungsters should adopt healthy dietary habits Terming as worrisome trend, the growing incidence of lifestyle diseases due to consumption of unhealthy food, sedentary habits and stress, the Vice President called upon the people, particularly youngsters to develop healthy dietary habits and take up regular physical activity.The Vice President cautioned the youth against addiction to internet and said that constant connectivity was proving to be detrimental to children. He asked parents and teachers to protect children from the pitfalls of technology and the internet.Read: Pariksha Pe Charcha 2.0 tomorrow: Schools to broadcast PM Modi’s live session with 2,000 students, parents, teachersRead: Right of children to free education to extend up to class 12: HRD MinistryGet real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byDivya Chopra Tags :Follow M Venkaiah NaiduFollow vice president venkaiah naidulast_img read more

House passes bill that could exempt trillions in foreign derivatives trades from

WASHINGTON – The U.S. House passed legislation Wednesday that would exempt the trading of derivatives from federal oversight if it occurs outside the United States.A bipartisan group of lawmakers supported the carve-out on a 301-124 vote.Supporters say the exemption is necessary to allow U.S. firms to remain competitive in foreign markets. But opponents say the regulations outside the U.S. tend to be weaker and the exemption would put the broader financial system at risk.Derivatives are investments whose value is based on some other investment, such as oil and currencies. The market was largely unregulated around the globe before the 2008 financial crisis and contributed to the meltdown.The legislation’s prospects in the Senate are uncertain. The White House has signalled it would veto the legislation.Opponents said its passage could pressure regulators to take a more lenient approach in writing rules for oversight of foreign derivatives trading.The White House said in a statement Tuesday that House passage of the bill “would be premature and disruptive” to the regulators’ ongoing efforts to write the rules.The legislation’s primary authors were House Republicans, who opposed the 2010 financial overhaul legislation, but many Democrats endorsed it. A key thrust of the 2010 overhaul was to put new regulatory reins over derivatives, traded in a $700 trillion global market that has largely escaped supervision until now.Derivatives are often used to protect an investor against future price fluctuations of an underlying commodity or security. But they also are used by financial firms to make speculative bets, and they have grown increasingly complex and risky.Five of the biggest U.S. banks — JPMorgan Chase & Co., Goldman Sachs Group Inc., Bank of America Corp., Citigroup Inc. and Morgan Stanley — account for more than 90 per cent of total derivatives contracts. A large proportion of derivatives are traded outside the U.S., estimated by regulators at around 40 per cent to 45 per cent of the total.The Commodity Futures Trading Commission has proposed putting under its supervision all derivatives trading, including trading overseas. But the Securities and Exchange Commission has taken a narrower approach, allowing overseas derivatives trades to escape U.S. regulation if the country in which they occur has a rules system that is roughly equivalent to that of the U.S.The bill would require the two agencies to issue a joint rule. And trading in the nine biggest foreign markets for derivatives would be exempt from U.S. regulation.That would “drag that activity back into the shadows,” said Rep. Maxine Waters of California, the senior Democrat on the House Financial Services Committee, in debate before the vote.“We’ll be put in the position of bailing out failed institutions all over again,” Waters said. “We shouldn’t have to rely on foreign regulators to protect us.”Opponents pointed to the $182 billion federal bailout of American International Group Inc. at the height of the financial crisis — the largest for any company. AIG nearly collapsed because of its massive derivatives bets on the housing market. It has since repaid the bailout.The new legislation would undermine the 2010 financial overhaul and “create a loophole big enough to drive an AIG truck through,” said Rep. Carolyn Maloney, a New York Democrat.But a supporter, Rep. Randy Neugebauer, R-Texas, said the bill would “bring some certainty to a very uncertain process.”Rep. Jeb Hensarling, R-Texas, the Financial Services panel’s chairman, said the nine countries where trading would be exempt from U.S. regulation have systems of rules for derivatives that are closely equivalent to the U.S.Having certainty in the rules would help companies that use derivatives to hedge against risks, Hensarling said, naming Coors, Southwest Airlines and John Deere as examples. That would help economic growth and jobs, he said. by Marcy Gordon, The Associated Press Posted Jun 12, 2013 5:40 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email House passes bill that could exempt trillions in foreign derivatives trades from US regulation read more

Sajid Javid recalls two Border Force vessels from overseas to patrol Channel

The incident comes as Mr Javid, in his first major invervention since breaking off his holiday to take control of the situation, says he will not “stand by” and allow “reckless” criminals to exploit vulnerable migrants and put them in “grave danger”. UK Border Force officials have allegedly detained eight suspected illegal migrants on the Kent coast Writing in The Telegraph after talks with his French counterpart, Mr Javid suggests there will be increased surveillance, patrols and action to disrupt criminal gangs to try to tackle the issue.His comments will be seen as a riposte to Tory MPs who have accused him of showing a lack of leadership and demanded that cutters be redeployed from the Mediterranean to the English Channel.However Tory MPs said there was no detail in Mr Javid’s plans and claimed there was a “woeful” lack of urgency.Mr Javid’s allies claimed he was the victim of a “stitch up” by Downing Street after details of the luxury lodge he was due to stay in on his safari holiday were leaked. Two Border Force cutters are being redeployed from overseas to patrol the English Channel in response to migrant emergencies, Sajid Javid has announced. The Home Secretary had resisted calls for more boats amid fears a more visible presence would encourage more illegal crossings. But having met with Border Force, National Crime Agency and Whitehall officials to discuss the Channel migrants on Monday, there has been a change of tack. More suspected illegal immigrants were intercepted by Border Force officials Monday morning after landing on the Kent coast.The latest group were spotted in Greatstone-on-Sea, near Lydd.They were intercepted just 24 hours after six Iranian men were found on a beach near Dover. According to reports on Sky News, at least eight people have been detained.  Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. Mr Javid declared the ongoing situation a “major incident” after more than 220 people attempted to cross the English Channel in small boats since November, according to official figures.Speaking today, a police spokesman said Border Force officials are “dealing” with the Greatstone incident, which unfolded at about 8am.A Kent Police spokesman said: “Kent Police was made aware at 8.16am of a report of a group of suspected migrants seen in Coast Drive, Greatstone. UK Border Force officials have allegedly detained eight suspected illegal migrants on the Kent coast “Officers attended to assist Border Force who are dealing with the incident.” read more