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Showing posts with label IIT. Show all posts
Showing posts with label IIT. Show all posts

Now Indian Rupee also got a Symbol

Posted by binu P Thursday, July 15, 2010 1 comments

Indian Rupees now a got a unique Symbol.
India has finally got a symbol for the Rupee and joined a select club of countries whose currencies have an unique identity.

The five-member panel has chosen IIT post-graduate D Udaya Kumar's design from among five shortlisted symbols and recommended it for Cabinet approval.

Kumar's symbol is an amalgam of the Devanagari 'Ra' and the Roman capital 'R' without the stem, very much in line with what Finance Minister Pranab Mukherjee had envisioned.The chosen symbol has the Finance Minister's approval, said a Ministry official.
Kumar's concept, an official said, is based on the Tricolour and "arithmetic equivalence". While the white space between the two horizontal lines gives the impression of the national flag with the Ashok Chakra, the two bold parallel lines stand for 'equals to', representing balance in the economy, both within and with other economies of the world

The latest news on Sixth Pay Commission is for the IIT, IIM, NIT & School Staff Employees, i.e. the institutes which are funded by the government.

Now these staff members will be receiving the benefits of the Sixth pay Commission Panel Recommendations.

However, they are still no clarity about the exact numbers of the pay hike for these institutes like IIT, IIM, NIT, REC, and other government funded educational institutes.

source: samaylive.com

The committee set up to review the scales for faculty of central technical educational institutions like IIMs and IITs, headed by former director of Indian Institute of Sciences, Bangalore, Prof Govardhan Mehta, has submitted its report to the HRD Ministry.

Committe suggested that they get a better package than their counterparts in universities and colleges and these recommendations by the commitee will benefit more than 10,000 staff of institutions like IIT and IIM.