The Flaws In Our Education System

Historically, the concept of education involved the sharing of knowledge and values between people. This form of education ensured that valuable knowledge was promulgated within a society, from one society to another, and from generation to generation. It focused on the importance of culture and taught skills needed to positively contribute to society through hands-on learning and observation. Children were given the freedom to explore on their own because this supported their natural ways of learning. Moreover, it bolstered unity as the teachers were always members of the same community that they were teaching. We would not be aware of countless facets of history, such as the Egyptian civilization, the Mesopotamian civilization, and the Hunter-gatherer culture if this form of education did not exist.

So how did it all go wrong?

The popularization of the standardized education system as we know it today, in which children are corralled into classes based on their age and study in institutions known as schools, can be traced back to the Industrial Revolution. Nowadays, it is suitably referred to as the “one shoe fits all approach to education” and the “factory model of education”. However, if we consider the prevailing socio-economic conditions of that time, creating a standardized education system was ineluctable and economically beneficial.

Schools were tasked with transforming their attendees from students to efficient workers who would eventually increase the quantity and quality of the labour force. The need to encourage unique skills and individuality did not exist as students would grow up to do monotonous and regulated work. As Alvin Toffler put it “the whole idea of assembling masses of students (raw material) to be processed by teachers (workers) in a centrally located school (factory) was a stroke of industrial genius”. At the time, it was thought that the best way to produce efficient workers was through the teaching of certain subjects that curricula makers deemed “crucial” using the same method and pace for all students. Students were compelled to utilize rote learning and take graded exams that decided their “intelligence” and potential in life.

The egregious problem arises when we notice that schools continue to espouse this myopic view on education even after over a hundred years. A hundred years ago, things like the radio, jet engines, helicopters, credit cards, car seat belts, personal computers, smartphones, and the internet did not exist. In a world that undergoes major transformations constantly, how can we be satisfied with this archaic and pernicious education system in the 21^st century?

In today’s world of modernity, complexity, fastidiousness, globalization, and innovation, the flaws of our education system are more conspicuous than ever. No two students are the same. This monolithic and iniquitous system neglects the fact that students have different skill-sets, they learn at different paces, they come from different backgrounds, and wish to pursue different careers in their lives. Undoubtedly, there are numerous instances in which students benefit from and even thrive in the current education system. There are also countless children that long to go to school but don’t have the opportunities or resources to do so. However, there are too many instances in which students, despite arduous effort, struggle in and are lobotomized by this sclerotic education system. They are made to feel inadequate. They are made to believe that they are “slow” and will always flounder.

Students acquiescently regurgitate vast amounts of information on exams with minimal innovation. These exams, more often than not, test the memorization skills of students, rather than serve as a platform on which they can showcase their understanding of a concept. Students who do well in these exams have the hubristic belief that they are “winners” because society says so and those who don’t do well are humiliated and considered “losers” by society. While it is understood that learning requires the amassing and retention of information, any information that is not understood becomes an undigested burden. The misconception that good grades are the only path to success causes unnecessary pressure on students.

The strictures imposed by this education system curtails creativity and originality. Concurrently, it encourages conformity, rigidity, and conventionality. It assiduously ignores essential modern-day lessons, such as financial literacy, life skills, mental health, critical thinking, empathy, compassion, collaboration, and countless others. This results in students feeling disconcerted when they face the precarious reality of after-school life. It provides students with a series of conclusions, rather than a way of thinking.

To truly change this standardized educational system, we have to abandon the ostensible idea that it is still a product of logical necessity or scientific insight. The hunter-gatherers adapted their education system to their needs. The education system was modified to cater to the needs of the industrial revolution. Likewise, our education system must change too so that students can truly be prepared for the future. This will certainly alleviate any antipathy held by students towards education and will make education and learning synonymous again.

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
Albert Einstein

INVESTMENT FUTURE CONTRACT IN DEPTH

A Future Contract is a contract between two parties where both agrees to buy or sell the underlying asset at a predetermined price and the specified date in future. It’s also known as a derivative because future contracts derive their value from an underlying asset. The underlying asset in the future contract could be commodities ,stocks, currencies, interest rates and bond. The future contract is a standardized agreements which held at a recognized stock exchange. A futures contract provides both a right and an obligation to buy or sell a standard amount of a commodity, security or currency on a specified future date at a price agreed when the contract is entered into.

There are two types of people who trade whether buy or sell, future contracts: Hedgers and Speculators. In simple words Hedging means reduction of risk. An investor who is looking at reducing his risk is known as a Hedger. A Hedger would typically look at reducing his asset exposure to price volatility and in a derivative market, would usually take up a position that is opposite to the risk he is otherwise exposed to. Speculators are those class of investors who willingly take price risks to profit from price changes in the underlying.

Futures contracts are considered an alternative investment, as they typically do not have any positive correlation with stock market prices. Commodity futures trading offers investors access to another asset class of investments. Futures trading offers advantages such as low trading costs, but carries greater risk associated with higher market volatility. Futures contracts are useful for risk-tolerant investors. Investors get to participate in markets they would otherwise not have access to. Margin requirements for most of the commodities and currencies are well-established in the futures market. Thus, a trader knows how much margin he should put up in a contract.

INVESTMENT IN THE STOCK MARKET FOR BEGINNERS

The stock market refers to public markets that exist for issuing, buying, and selling stocks that trade on a stock exchange or over-the-counter. In simple terms, if A wants to sell shares of Reliance Industries, the stock market will help him to meet the seller who is willing to buy Reliance Industries. A person can trade in the stock market only through a registered intermediary known as a stock broker. The buying and selling of shares take place through electronic medium.

There are two main stock exchanges in India where majority of the trades take place – Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Apart from these two exchanges, there are some other regional stock exchanges like Bangalore Stock Exchange, Madras Stock Exchange etc but these exchanges do not play a meaningful role anymore.

NSE is the leading stock exchange in India where one can buy or sell shares of publicly listed companies. It was established in the year 1992 and is located in Mumbai. NSE has a flagship index named as NIFTY50. The index comprises of the top 50 companies based on its trading volume and market capitalisation. BSE is Asia’s first as well as the oldest stock exchange in India. It was established in 1875 and is located in Mumbai. BSE Sensex is the flagship index of BSE.

Securities Exchange Board of India (SEBI) is the regulatory body of the Indian Stock Markets. The main objective of SEBI is to safeguard the interest of retail investors, promote the development of stock exchanges, and regulate the activities of financial intermediaries and investors in the market. A stock broker also known as a dealer is a professional individual who buys/sells shares on behalf of its clients. In the stock market, stock broker is registered as a trading member with the stock exchange and holds a stock broking license. They operate under the guidelines prescribed by SEBI.

ADVANTAGES OF INVESTING IN STOCK MARKET:

the stock market can make great money in a short time of period.
Unlike other investments, such as real estate and CDs, investors can easily access money in the stock market.
Investing in the stock market can help in our entire financial portfolio.

DISADVANTAGES IN INVESTING IN STOCK MARKET:

Investors can expect daily volatility in the stock market, but large failures in the system are less common.
In the stock market, there are winners and losers. Winners can make much money, but those who lose can see all of their investment disappear.
Every time an investor decides to buy or sell shares, he or she will have to shell out a certain proportion as brokerage fees to the broker.

Education in India for girls

As we know school has been arrived for girls in India since 2009. So why aren’t they going ?

In 2018 , 13.5% of girls between the ages 15 16 where out of school, as opposed to more than 20 person in 2008 according to the 2018 annual status of education report release in January this year.

There are several advantages of developing female education in India, since education can play an important role in the development of the country. Improve literacy rate that is India’s literacy rate continues to be below the global average many NGO’s have helped to make a slight difference in the literacy rate .

Inspirational Tips for Students Motivation

One of the most important features, as well as challenges of a student is motivation. All people need motivation to keep up with their daily tasks and obligations, but, for a student, the need to be constantly motivated is enhanced.

In order to build a good career for yourself, you need to be consistent with your academic efforts. To do so, you need to be motivated not only to choose your field of study, but to actually finish your day-to-day tasks in time.

In spite of knowing this, most students aren’t thrilled about their academic obligations. There’s probably not a single student in the world who hasn’t felt lack of motivation to get up for class or do his homework. For most students, this is an almost every day experience. The tiredness and pressure can make you lose your motivation to study. Thankfully, there’s such a thing as self motivation, which means that you are the one responsible for your productivity and success.

Change the Perspective

None of the motivational tricks and tips will ever work unless you change your perspective toward learning or finishing projects.

Seeing how students learn a variety of subjects and work on versatile projects to build several skills they’ll need in life, it is only natural that you won’t be interested in every topic you come across.

Even so, you’ll still have to study that topic or write a paper on it. Therefore, the best answer I can give you to the question how to get motivated is simply to accept this as something beneficial to you.

Even if you don’t like math, the skill you’ll obtain by studying will serve you a lot in life. Those who don’t like writing, see their written homework as a torture, but writing is a crucial skill to succeed in today’s world.

The sooner you change your perspective, the more willing you’ll be to do your assignments.

Focus on Your Areas of Interest

You can’t love every subject you’re studying. It is unnatural and no one does. But, while you have to work on all your skills and study for all subjects, you can focus most of your efforts on the things you love. After all, pursuing something you love is the best thing you can do for your future career.

Don’t slack off in terms of other subjects, but try to turn your favorite area of study into your hobby. Research the field, get involved in it, and simply build a healthy study habit by using your area of interest.

If you do this often, you’ll be more productive to study. Focusing on the things you love can keep you productive and build a fine study habit for you, which is something that will keep you in the mood when you have to study for the other subjects.

Reward Yourself for a Job Well Done

Even the smallest accomplishment can give you a sense of satisfaction. The goal of every student is to graduate, but, to get there, you need more than just one big goal.

Give yourself small goals to keep you motivated to work on them. When you are finished with a task successfully, reward yourself for it. It doesn’t have to be anything big. A night out with friends, some time in front of the TV watching your favorite TV show, or a day spent with family – every idea you like is good enough.

Learning and Motivation
If a big project gave you a lot of trouble, but you finally made it through, you deserve your reward.
4.Get Some Support

There are plenty of places where you can get support and motivation. Work with your friends and peers, ask others for help, and look for motivation in different places. When you lose focus from your studies, a bit of a competition will keep you running.

Ask your teachers for help, find and hire a professional, or simply tell your family that you feel exhausted. Having support is crucial during busy times such as your student years.

Conclusion
The constant workload and academic pressure can cause tiredness and overwhelm in every student. To keep yourself motivated to finish your studies and perform well, you need these motivation tips and tricks. Try to practice them throughout your education.

Why Mukesh Ambani is more successful than Anil Ambani? – Inspirational story…

Once before in 2019 Mr. Anil Ambani either you pay Eriksson 453 crore rupees or go to jail that time is super rich brother saved him from that feed and then it happened again this year you are personally liable to the three Chinese bank for our comms use of 700 million dollars, but sir I have a net worth of zero you Daikin industrialist socialite and fitness enthusiast there riches-to-rags story of Anil Ambani could well be a plot for a Bollywood film just like his father the Dhirubhai Ambani.

Image source: Business Insider

Dhirubhai Ambani also inspired a film guru Dhirubhai was legendary for his audacious vision and his ability to successfully implement it

“If you don’t build your dreams someone else will hire you to help them build theirs while”

Started as a petrol pump attendant in Aden Yemen his son’s vocational him walk straight to the directors cabinet while returned to India with just 500 rupees set up reliance and took it public in 1977 the boy started life sitting on its board and that time of his death in 2002 Forbes ranked Dhirubhai Ambani as the world’s 130 eighth richest person with a net worth of 2.9 billion dollars leaving behind one of India’s biggest companies worth 75 thousand crore unthinkable to him that his two sons would fight over his legacy. Dhirubhai did not leave behind the wheel despite cracks forming between the two brothers even during his lifetime who were then Chairman and Managing Director of Reliance Industries respectively after the father’s death these cracks came wide into the open over who would own which company. There was no question as to who would get their flagship petroleum company reliance because Mukesh was the one who had built them main Patal Ganga plant and understood the business intricately Reliance Communications India’s second largest telecom company at the time was also micaceous baby having an vision and build it from scratch but Anil wanted it. Finally, it was their mother Kokilaben in 2004 five I need are calm mom supported by external negotiators chartered accountant s guru-murthy and banker KV Kamath who stepped in to divide the conglomerate Mukesh got all the old economy companies Reliance Industries petroleum IPCL infrastructure while Anil got all the new economy companies and renamed his group ad AG telecom Reliance Capital Energy Natural Resources and broadcasting and his legacy left him as the sixth richest man in the world with a net worth of more than 42 billion dollars just one step below his elder brothers forty three billion. It was broadly expected that since Ana had control over sundry sectors he would do better than Mukesh in the long run in his quest to further strengthen his hold in this sunrise sector in 2005 Anil bought ad lab films and their chain of theaters big cinemas which by 2008 had become the largest multiplex chain with 700 screens across India and overseas he also signed a 1.2 billion dollar deal with American filmmaker Steven Spielberg’s production company DreamWorks in the same year making some Academy award-winning movies.

Image source: Wikipedia.org

When Anil floated an IPO for Reliance Power it was subscribed in 60 seconds and record for Indian capital markets a Mills flamboyant lifestyle was a fairytale like his proximity to Bollywood celebrities on a loose was my genre program to politicians like Samajwadi parties. Amar Singh who had enough clout to have him nominated as AI onion through by Ambani having being elected as a member of the Rajya Sabha like his bi-weekly helicopter flight from his South Mumbai home to our comms office in Navi Mumbai named Dhirubhai Ambani knowledge seeking or his love for running and fitness which he apparently took up after an American investor.

Image source: Forebs

Mukesh boasting of the most expensive house in Asia worth 700 million dollars four and a half thousand crore anil planned his own luxurious house aboard also worth about the same amount in Bandra Pali Hill which is still under construction with so much money and attention around it seemed Anil star would shine forever things however did not go as planned relations between the once close brothers that were until then civil Saud instead of renegotiating an old deal in 2010 and Anil took Mukesh to court over the supply price of gas from Reliance Krishna Godavari Basin. Mukesh refused to supply him gas at the contracted price under the terms of the 2005 gas agreement brokered by their mother who Kokila had contracted to supply gas to onions our NRL at two dollars 34 cents per mm BTU even though its price had since risen sharply in international markets but the Supreme Court in accordance with the government’s gas utilization policy fixed the price at four dollars 20 cents per mm BTU in favor of Mukesh as Anil his next hit was in Telecom when our comb was set up they adopted the cheaper CDMA technology. While rivals such as Airtel and Hutch used the more expensive GSM while CDMA was a superior technology at 2g and 3G levels the world was moving towards 4G and beyond which it could not support once the tenure anti-competition clause with his brother lapsed into end Mukesh launched Jio and changed the face of the telecom industry in India within three years of Jio’s launch our comes one point six five lakh crore market capitalisation lost over 98% of its value and eventually went into insolvency proceedings in May 2018 both these were big setbacks for Anil.

Image source: Business Today

Now his dominoes began to fall one by one in an effort to reduce debt in 2014 Anil sold big cinemas to Carnival for seven hundred and ten crore and two years later parts of his TV and FM radio business to Zee for one thousand eight seventy two crore during his head is Anil to showcase his engineering capability took huge loans to build Mumbai Sea Link and the city’s verso Agard copper Metro both projects done below cost despite things falling all around him. Anil without domain knowledge tried his hand in the defense sector when in 2016 he bought p-pop of marine and offshore engineering so it was no surprise when the diversification failed and the market cap of Papa renamed Reliance navel fell ninety percent in 2019 from a billion dollars to a hundred million the Fuhrer over the Rafael deal in Parliament also added to his woes finally the profit making and cast generating Reliance Energy was sold off to Adani in 2017-18 for 2.5 million$ 18,000 crore took pay off debts loans that Anil defaulted on worth twelve thousand eight hundred crore also played a part in the downfall of yes bank as of December 31st 2019 Anil Ambani telecom naval infrastructure and power businesses have defaulted on loans over 43860 dollars his pile of deaths has also affected his other projects we had the Delhi Metro or power projects in Madhya Pradesh while Mukesh Ambani’s wealth saw ups and downs but remains steady at 43.1 billion$ last year on his fortunes tumbled to 1.7 billion and is reported to be worth less than 1 billion.

Mukesh Ambani House (Image: Business Today)

Anil monies deadly sins poor strategy are calm lost out when 4g came this way known drawback in CDMA pride chasing prestige projects with long returns rather than the bottom line like the ceiling over ambition looking outside of core competence areas like venturing into defense mismanagement taking more loans than the ability to pay in worst case scenarios like our comm navel etc mukesh on the other hand has not only kept a deep focus on his core business but entered two major sunrise sectors retail and telecom through a well-crafted strategy. Anil is not the only one to lose his fortune Ranbaxy is Shiv endure and Melinda Singh lost their ancestral 2 billion empire Ashika then Ravi can through you had to let go their bankrupt Essar Steel to ArcelorMittal VG Siddhartha of coffee cafe day ended his life citing debts and pressure from lenders the rage girl had to step down as chairman of Jet Airways which eventually wound up operations under a debt of 8500 TV mogul Subash Chandra lost his stake in Zee TV due to mounting debt the once billionaire is currently battling a lawsuit by three Chinese banks which are trying to recover 680 million$ they lend to our Comment 2012 debt backed by onions personal guarantee in a further spate of bad luck Reliance Capital the only business which was still doing well also got hit due to global recession after the corona virus epidemic a London Court has now asked him to deposit a hundred million dollars in six weeks but Anil pleaded, “I do not hold any meaningful assets which can be soon to pay them” now that the six week deadline is over and Anil is still out of jail it appears that he had enough personal funds to make the payment after the Jio-Facebook deal big brother Mukesh sauce even higher but with limited resources left the question is what next for Anil Ambani Baseball’s Limerick this is the story of Anil Ambani how his life was once full of glory but his death overloaded and capital eroded what chapters are left in this riveting story.

Education must inspire a thirst to innovate in our students: Vice President

The Vice President, Shri M. Venkaiah Naidu today said that education must not only foster scientific spirit and entrepreneurial endeavour in students but also create in them a thirst to innovate.

Addressing the 17th Convocation of University of Petroleum and Energy Studies (UPES) in Dehradun today, Shri Naidu called for imparting Entrepreneurial Education in our technical institutions so that a larger number of our graduates do not end up as mere job seekers but possess the confidence and the skills to create businesses, jobs and wealth.

The Vice President said that the world is increasingly turning its attention to India today because of its steady pace of growth which is much faster than most major economies of the world. He added that India also has the advantage of an enormous youth population, with 50% of its population below 25 years of age.

He opined that if this demographic dividend is to be realized and leveraged for inclusive and sustainable growth and development, our youth must be equipped with domain focused education, skills and expertise.

Expressing concerns about the employability of our young graduates, Shri Naidu urged universities and the industry to join hands to groom students to be future-ready professionals.

Observing that routine jobs are now being replaced by Artificial Intelligence and Automation, the Vice President asked educational institutions to be quick on their feet to adapt and evolve. He emphasized that universities must train students to perform tasks that machines simply cannot.

He advised educational institutions to abandon the rote learning methodology and focus more on assimilation of diverse information, problem solving, decision making and analysis. “Design thinking principles should be introduced in schools along with digital skills”, he added.

Observing that the 4th Industrial Revolution is on the horizon and he urged educational institutions to prepare for it by acquiring knowledge and skills to make the big leap forward.

Stressing that India needs to India needs to rethink the entire education system, Shri Naidu cautioned that if we don’t innovate, we stand the risk of falling behind.

Referring to the exalted status of ‘Vishwaguru’ that India enjoyed in the past, he called on Indian universities to strive hard to make India a hub for global learning, once again. He asked Indian universities to aim be among the top 100 institutions in the world.

Highlighting the plethora of initiatives of the government such as NISHTA, ARPIT and DHRUV, the Vice President cautioned that government working in isolation will not succeed in creating a world-class education system. “Each one of our institutions, both public and private, must work in tandem with the government”, he said

Opining that it is not sufficient that we produce graduates who are academically proficient, Shri Naidu said that students must develop not only cognitive skills, but also social and emotional ‘soft’ skills, including cultural awareness and empathy, perseverance and grit, teamwork and leadership, among others.

The Vice President said that culturally, India has been, and continues to be, a cradle of great diversity in all walks of life and added that these rich legacies to world heritage must not only be nurtured and preserved but also enriched.

He urged Universities to strive to bridge the gap between theory and practice and promote research in a big way by networking with industries, R&D labs within India and abroad.

Stressing that India’s strength is in its young people who will play a key role in transforming India into a major economic and technological power, he asked them to remember their social responsibility and to give back to the people of India the fruits of technological advancements.

The Governor of Uttarakhand, Smt. Baby Rani Maurya, Chief Minister, Uttarkahand, Shri Trivendra Singh Rawat, Minister of Education, Govt. of Uttarakhand, Shri Dhan Singh Rawat, Chancellor of UPES, Dr. S.J. Chopra and Vice Chancellor of the university, Dr. Deependra Kumar Jha were among the dignitaries who graced the occasion.

Following is full text of speech –

“My dear students,

I am delighted to be here with all of you this afternoon to share your moment of pride and glory as you graduate from the portals of this great institution.

I extend my heartiest congratulations to each and every one of you on earning these coveted degrees, after several years of toil and hard work. You are truly worthy of the honors and accolades that are being bestowed upon you today.

I also congratulate the proud parents whose children are graduating today. Congratulations are also due to the teaching fraternity for carefully and devotedly nurturing the future of our country in its schools, colleges and universities.

I must also take this opportunity to complement the founders of this University for their vision and pioneering initiative that took the form of this institution, 16 years ago, in 2003. I understand that 15000 plus alumni of UPES are already working in more than 700 national and international companies.

I am happy to know that UPES has two campuses of its own that houses 06 schools. It is truly noteworthy that over 11,000 regular students are pursuing their undergraduate and postgraduate studies in 90 specialized programs that are being run across these schools.

I commend the University for providing industry focused education in high growth sectors of Oil and Gas, Power, Infrastructure, Information Technology, Aviation, Shipping, Automotive, Electronics and International Business.

I am also told that several companies visit the campus annually to recruit students and I am quite pleased to learn that right from the first graduating batch, campus placements of eligible students have witnessed a rising trend.

I was also pleased to learn that in UPES students from all the disciplines go for Industry or Corporate Internships.

It is truly heartening that UPES runs an “Industry Attachment” module for the faculty, named “ABHIGYAAT”. The contemporary industry perspectives are thus brought into the classrooms.

I also commend the institution for having footprints in the 05 continents through MOU’s with nearly 60+ Universities and Institutions.

I am particularly enthused to note that UPES is closely working with “NITI AAYOG” on several projects and is also focusing on Incubation / Entrepreneurship and Start-Ups.

Let me once again congratulate each and every one of you on this momentous occasion.

My dear sisters and brothers,

Today, the world is increasingly turning its attention to India. It is growing at a steady pace, much faster than most major economies of the world. It has an enormous youth population, with 50% of its population below 25 years of age.

We have a potential demographic dividend that is waiting to be realized.

But if this demographic dividend is to be realized and leveraged for inclusive and sustainable growth and development, our youth must be equipped with domain focused education, skills and expertise.

A number of employment reports point out that in the recent times, there has been a fall in employability among young people. We must not fail to comprehend that we live in a world that is evolving and undergoing transformation at an unprecedented rate.

Technological advancement has been the defining factor for determining the pace of progress.

No institution can insulate itself from the unpredictability of technological progression and disruption. The success of institutions is not about what we do in the next few years, but it is our ability to create future-ready professionals.

India needs to rethink the entire education system. We must innovate or stand the risk of falling behind.

Our educational institutions must be quick on their feet to anticipate future trends as well as adapt, evolve and respond to disruptions.

We must abandon rote learning and focus more on assimilation of diverse information, problem solving, decision making and analysis.

Design thinking principles should be introduced in schools along with digital skills.

Students need to be made aware of what is expected in the real life environment and should be guided and mentored.

The 4th Industrial Revolution is on the horizon and I urge our educational institutions to prepare for it by acquiring knowledge and skills to make the big leap forward.

Today we have more than 900 universities across the length and breadth of the country. But none figure in the top 200 universities in the world. Merely adding more and more universities is not enough. Numbers are important, but quality is more important.

To start with, our universities must aim to be among the top 100 institutions in the world, making India a sought-after hub for global learning.

The Government of India is implementing a number of initiatives to improve the quality of education in India, including teacher training programs like NISHTA and ARPIT, the Pradhan Mantri Innovative Learning Scheme, DHRUV and the declaration of 20 institutions as Institutions of Eminence (IoE).

But the government working in isolation will not succeed in creating a world-class education system.

Each one of our institutions, both public and private, must work in tandem with the government.

They need to adopt a systematic approach by comprehensively reorienting the teaching methods, research strategies and setting high academic standards on par with global institutions.

It is not sufficient that we produce graduates who are academically proficient.

Students must develop not only cognitive skills, but also social and emotional skills, also referred to as ‘soft skills’, including cultural awareness and empathy, perseverance and grit, teamwork and leadership, among others.

Education is the foundation for the progress of humanity. Education is not merely for employment, but education is meant to empower, impart wisdom and knowledge, and develop a holistic individual with qualities of head and heart.

India has had a long and illustrious history of holistic education. The aim of education in ancient India was not just the acquisition of knowledge but also of wisdom.

India was the renowned ‘Vishwaguru’, home to illustrious universities of Nalanda, Vikramshila and Takshashila. The ancient Indian education system had produced brilliant scholars like Charaka and Susruta, Aryabhatta, Bhaskaracharya, Chanakya, Patanjali and numerous others. They made seminal contributions to the collective knowledge of the world in diverse fields.

Swami Vivekananda once said that “Education is not the amount of information that we put into your brain and runs riot there, undigested, all your life. We must have life-building, man-making, character-making assimilation of ideas.”

Culturally, India has been, and continues to be, a cradle of great diversity in all walks of life, with its myriad languages and dialects, classical dance and music forms, many well-developed traditions of folk arts, exquisite architecture, incredible cuisines, fabulous textiles of all kinds and much more.

These rich contributions to world heritage must not only be nurtured and preserved for posterity, but also enriched.

We should integrate this rich tradition with modern education to help develop creativity and originality of students, and to encourage them to innovate.

My dear sisters and brothers,

Apart from promoting entrepreneurial spirit, education must instill and nurture scientific spirit and the thirst to innovate, among youngsters.

Our universities must strive to bridge the gap between theory and practice and promote research in a big way.

Our universities and institutions must network with industries, R&D labs within India and abroad.

We must also impart Entrepreneurial Education in our technical institutions so that a larger number of our graduates do not end up as mere job seekers but possess the confidence and the skills to create businesses, jobs and wealth.

My dear students,

India’s strength is in its young people and you hold the key in transforming India into a major economic and technological power.

I sincerely hope that each one of you will remember your social responsibility – a commitment to give back to the people of India the fruits of technological advancements.

I once again extend my hearty congratulations to all the students who are receiving their degrees today. Good Luck to each one of you in your exciting journey in building a more prosperous, equitable, safer and cleaner India and the world.

My best wishes would be with all of you as you embark on this exciting world of almost unlimited possibilities.

Thank You!

Jai Hind!”

****

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