Bill to end no-detention policy introduced in Lok Sabha

A bill to scrap the no-detention policy in schools till class 8 under the Right to Education (RTE) Act was introduced in the Lok Sabha on Friday. Minister of State, Human Resources Development (HRD), Upendra Kushwaha presented the Right of Children to Free and Compulsory Education (Amendment) Bill, 2017.

The bill was cleared by the Cabinet on August 3. It proposes an enabling provision which will allow states to detain students in class 5 and class 8 if they fail in the year-end exam. The students will be given a second chance before they are detained, according to proposals in the Bill.

Under the existing provisions of the RTE Act, students are automatically promoted to the next class till std 8. This is one of key components of the RTE Act which came into force on April 1, 2010.

Right to Education, rte act, no detention policy bill, education bill, education newsIn recent years, states and union territories have been raising the issue of adverse effect on learning levels of children because of the no-detention policy.

The statement of object of the bill says that in order to improve learning outcomes in the elementary classes, and after wide deliberations with all the stake holders, it is proposed to substitute section 16. This section deals with prohibition of holding back and expulsion of students.

The proposal has been done to empower appropriate governments to take a decision as to whether to hold back a child in the fifth class or in eight class or in both classes, or not hold back a child in any class, till the completion of elementary education, the statement of object of the bill states.

Parliament passes bill to allow 11 lakh RTE teachers time till 2019 to acquire required qualification

Eleven lakh teachers appointed till March 2015 under the Right to Education (RTE) Act will now get time till 2019 to acquire the prescribed minimum qualifications for firming up their appointments as Parliament today passed a bill in this regard. The Right of Children to Free and Compulsory Education (Amendment) Bill, 2017 was passed by the Rajya Sabha by voice vote. The Lok Sabha had passed it on July 22.

According to the existing Act which came into effect from April 1, 2010, these teachers were to acquire minimum qualifications within five years by March 31, 2015.

According to the amendment bill, every teacher appointed or in position as on March 2015 is now required to acquire the minimum qualifications by 2019. The amendment will help teachers save their jobs.

When the RTE Act was implemented in 2010, new schools were set up but qualified teachers were not available and unqualified teachers, including those with graduation degrees, were recruited, according to the government.

Human Resources Development Minister Prakash Javadekar said when the government sought information regarding private schools, it was found that 7 lakh teachers lacked basic qualification.

“Then there are 1.5 lakh (teachers) who have completed one year of training. Besides, there are around 2.5 lakh
teachers still in government stream. So, there are around 11 lakh teachers in total who are without proper qualification,” Javadekar said.

teacher, tet, tet 2017, ctet, teacher training, hrd ministryThe government has brought this bill in order to let these teachers complete Bachelor of Education (B.Ed.) and other professsional degrees, he added.

The government would provide free education to these teachers through ‘Swayam platform’ beginning October 2, Javadekar said, adding registration of the teachers will take place from August 15 to September 15.

“With everyone’s support, we will train 11 lakh teachers within two years. …A foolproof system has been created to train teachers. We have taken support of all states,” he said while replying to a debate on the bill.

Under a scheme ‘Swayam Prabha’, teachers will not only be trained offline but also online and even through direct-to-home (DTH) television channels, he said.

Bad loan resolution to start shortly, RBI to take up more cases: FM Arun Jaitley

The process of resolution of bad loans will start shortly, Finance Minister Arun Jaitleysaid today in the Lok Sabha as it passed a bill which gives RBI the power to direct banking companies to resolve the problem of stressed assets. Replying to a debate on the Banking Regulation (Amendment) Bill, 2017, Jaitley said the Reserve Bank has already identified top 12 loan defaulters and more cases will be taken up by them for resolution.

“No one can claim the right of equality in not paying banks back. RBI has taken up some difficult cases… I am sure they will take up more,” Jaitley said.

The Banking Regulation (Amendment) Bill, 2017, seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017, which was promulgated in May this year. The bill was later passed by the Lok Sabha by a voice vote.

Winding up the debate on the bill, Jaitley said some laws were outdated and were acting as “impediment” instead of “expediting resolution”.

“We will shortly see the process of resolution coming… Any form of resolution is possible… We need to save the companies, the jobs and we need liquid companies to pay the banks,” the finance minister said.

Moving on fast-track, the RBI had in June identified 12 large loan defaulters who account for 25 per cent of the total bad loans in the banking sector.

Action under the Insolvency and Bankruptcy Code has already begun in certain cases, including Essar Steel, Bhushan Steel and Bhushan Power & Steel.

Jaitley said the loans were given during the boom period before the 2008 global financial crises and the present government is trying to find a solution of the non-performing loans.

Arun Jaitley, SBI, SBI interest rate cute, State Bank of India, Parliament,Replying to opposition charge that bad loans are higher in public sector banks, Jaitley said PSU banks are leaders when it comes to lending for economic development and to industry. Private sector banks have safer portfolio and are more into retail banking, he said.

“There is a risk in industrial financing and PSU banks do it,” he said.

With stressed assets reaching “unacceptably high level”, the government had brought the Bill replacing the Ordinance.

The measure allows the RBI to initiate insolvency resolution process on specific stressed assets.

The RBI would also be empowered to issue other directions for resolution, appoint or approve for appointment, authorities or committees to advise the banking companies for stressed asset resolution.

111.45 Crores Worth of Digital Payment Transactions Made in May 2017: Chaudhary

Over 111 crore digital payment transactions were conducted in May this year as against more than 118 crore transactions in April, Parliament was informed on Wednesday.

The number of digital payment transactions stood at 71.27 crores in October last year, which increased to 83.48 crores in November, 123.46 crores in December and 114.96 crores in January this year, Minister of State for Electronics and IT P P Chaudhary said in a written reply to the Lok Sabha.

In February, the number dipped to 101.18 crores but surged to 119.07 crores in the following month. In April digital payment transactions stood at 118.01 crores while in May the number was at 111.45 crores, the minister said citing data from the RBI and the NPCI.

“From the above data, it is apparent that the volume of digital transactions increased during November-December 2016 and have plateaued thereafter,” he added.

111.45 Crores Worth of Digital Payment Transactions Made in May 2017: ChaudharyTo a separate query, Chaudhary said 38.28 crores transactions worth Rs. 73,649 crores were conducted in May this year using credit and debit cards at PoS (point of sale).

Compared to 22.94 crore credit and debit card transactions in October, 2016 (worth Rs. 51,883 crores), the volume of the said payment method touched a peak of 53.15 crores (about Rs. 89,180 crores) in December 2016.

The minister said BHIM-Aadhaar – which was launched on April 14 this year – is a fairly new payment service and so, daily transactions are in the range of 300-400.

“However, it is gradually showing upswing,” he said adding that there was a 30 percent increase in such transactions in May (vs April) and 11 percent rise in June (vs May)