24 September, 2020

Admission method for first-year PG technical courses extended

Mumbai rains: In the wake of heavy downpour in Mumbai, the second one round of admissions for the primary yr put up-graduate technical guides has been prolonged. The last date for admission in Masters in Engineering (ME) path has been prolonged to August 6, and August 7 for the Masters in Technology (M.Tech) course.

“Due to heavy Rains, the reporting to Admission Reporting Centres and institutes for CAP Round II for First Year Post Graduate Technical Courses in M.E./ M. Tech has been extended as much as August 6 and August 7 respectively,” the Maharashtra CET workplace cited.

The admission to First Year Junior colleges has also been prolonged until August 6, 2019. “All college students whose names are performing in 3rd advantage listing for junior university admissions take the word. Last date for securing admissions and paying fees extended to 6th August 2019 5 pm in view of ongoing heavy rains. Students are requested now not to panic and avoid unnecessary travel,” tweeted minister for school schooling Ashish Shelar.

Normal lifestyles in Mumbai has been disrupted because of the continued incessant rainfall. The central and harbor strains of the railway community were hit badly, whilst waterlogging caused visitors snarls across the metropolis on Saturday.

Three university college students drowned after water surged at the Pandavkada falls, even as the town witnessed its maximum tide this monsoon at 4.9 meters.

Last week, the Finance Ministry had stated it would installed place an oversight mechanism for the one-time partial credit guarantee scheme for PSBs to buy excessive-rated pooled assets of financially sound NBFCs as announced within the Budget 2019-20.

The government has acquired a suggestion from the Reserve Bank of India (RBI) on the draft modalities of the credit score guarantee scheme, which would be operationalized with the aid of the RBI.

Presenting her maiden Union Budget in July, Finance Minister Nirmala Sitharaman had introduced that the government could provide a one-time partial credit assure of six months to PSBs for the first lack of up to 10 in step with cent to allow them to buy the pooled property of financially sound NBFCs amounting to ₹1 lakh crore.

This turned into aimed toward ensuring monetary aid to the careworn housing finance agencies (HFCs) and NBFCs which were facing a severe liquidity crunch following the series of charge defaults via IL&FS. This brought about the drying up of bank finances to the NBFCs and HFCs from creditors fearing similarly addition to their large non-appearing property (NPAs or horrific loans), growing, thereby, a spiral effect on the financial system.

“This might ease the liquidity strain in the NBFC quarter and boom the get admission to of these NBFCs to financial institution finance and, in flip, could permit them to maintain to play their function in meeting the financing requirements of the economy”, the assertion stated.

Sources right here stated the state-run banks could be allowed to pick up by and large ‘AAA’ rated belongings of the NBFCs who’ve now not defaulted, at the same time as handiest banks out of doors the RBI’s Prompt Corrective Action (PCA) framework for resolving horrific loans and people with strong balance sheets like State Bank of India (SBI), Canara Bank and Bank of Baroda could be allowed to take part within the scheme.

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