The new life since jan 8, 2012

FIP Substitute terms and conditions

Also read Complete procedure for availing FDP Salary of the Substitute Teacher The salary of the substitute teacher, appointed by the University in place of a teacher selected for award of teacher fellowship, will be reimbursed by the UGC. The University/College will make a fresh 44 appointment of a substitute teacher in accordance with the prescribed procedure of the UGC, on the minimum Pay Scale prescribed for a Lecturer. If the substitute teacher is appointed on a pay scale higher than the minimum pay scale of a Lecturer, the grant towards reimbursement of the salary of the substitute teacher will be restricted by the UGC to the minimum scale and the balance amount will be met by the respective versity/Institute/College or by the respective State Government. If the post vacated by the Teacher fellow is filled by transfer or deputation, such a substitute’s salary will not be reimbursed. The substitute teacher must be appointed on a full time basis. The Commission will not pay the ...

The complete procedure for availing UGC FDP scheme under XII Plan

The University Grants Commission offers two years deputation with salary and increments to the teachers of colleges and universities under its Faculty Development Programme (FDP) for doing full time PhD/Mphil. Generally this fellowship is awarded to every teacher who applies for the same in the proper format. So it’s all about formalities rather than merit. Here I am explaining the complete process of availing FDP Scheme of UGC. Step 1: Principal should circulate a notice among teaching staff to apply for FDP scheme UGC – Get signature of all faculty members on this notice. Step 2: The interested teacher fellow should submit an application in writing to principal – 20% of the total faculty can avail FDP scheme at a time. All teachers with 3 years of service and 1 year valid registration are eligible for application for FDP subject to reservations Step 3: Principal sent a request to Registrar of University to nominate an expert to the selection committee to be formed for the se...

RBI policy review, global markets to dictate trend

Concerns about a global recession may continue to weigh on the domestic bourses which have tumbled in a global equities rout in the past few days. Lack of buying support has accentuated the decline on the bourses Foreign institutional investors (FIIs) continue to press sales. They have sold shares worth Rs 46,661.20 crore in the calendar year 2008 so far (till 16 October 2008). Investors now await the mid-term monetary policy review by the Reserve Bank of India (RBI) due on 24 October 2008. Some reports suggest that RBI is set to cut the repo (repurchase) rate by a steep 50 basis points, to signal a strong shift in policy focus to growth from inflation. Repo rate is the rate at which RBI provides funds to banks against the collateral of government bonds for a day to three days. On the inflation front, experts feel that the wholesale price index is expected to move downward, and will eventually come down to single-digit numbers by January 2009. Inflation based on the whole price index r...

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