Government approves scheme for setting up 20 IITs in public private partnership mode

Government has approved a scheme for setting up 20 IITs in PPP mode with an overall outlay of Rs 2,808.71 crore, the Lok Sabha was informed on Wednesday.

In a written reply, Union minister of state for HRD Shashi Tharoor said, "While land for the purpose would be made available free of cost by state governments 

concerned, an IIT would be established at a capital cost of Rs 128 crore each to be contributed in ratio of 50:35:15 by centre, state and industry partner respectively."

On entry of corporate sector in technical education, he said, "AICTE has allowed public/private limited company/ industries with 100 crore turnover for last three years to establish a new technical institution in engineering and technology, pharmacy, architecture and town planning, hotel management and catering technology."

Replying to a separate question on pending cases of new IITs, he said, "Based on the recommendations of Scientific Advisory Council to the Prime Minister and also having regard to the regional imbalance, government during 11th Five Year Plan established eight new IITs."

These institutes were opened in Andhra Pradesh, Bihar, Rajasthan, Odisha, Madhya Pradesh, Punjab, Gujarat and Himachal Pradesh.

"Proper connectivity, physical infrastructure and basic facilities have been kept in view while deciding locations for setting up these IITs," Tharoor said.

On closure of technical colleges, he said in 2011-12, 140 institutes were closed and 540 new ones were opened.

"Similarly, in year 2012-13, 79 institutes were closed and 210 new institutes were opened," he said.

In reply to a query on suicide cases in IITs, he said, "There are 15 cases of suicides that have been reported during the last three years and the current year."

Source: http://timesofindia.indiatimes.com/home/education/news/Government-approves-scheme-for-setting-up-20-IITs-in-public-private-partnership-mode/articleshow/17502172.cms

Not just high salaries, cos offer stocks to IIT recruits

The IIT campus placements this year show many recruiters have woken up to the trend of recruits moving on other jobs, sometimes a few months after joining. Instead of higher signing bonuses and relocation expenses, companies are giving stock options to the extent of close to 100% of the base salary. 
    Facebook has offered a base salary of $ 100,000 and a bonus and relocation bonus of $ 20,000 and stock options of $ 120,000 if they stick on for two years. Similarly, Twitter, Google, Amazon and American Express have all beefed up their compensation package with stock options. 
    An IIT-Bombay student placed on day one claimed that a couple of social media networks have offered stock options to students. “A couple of companies in the social networking sector have offered stock options of a lump sum amount which looks attractive,” he said. The scene at IITKanpur is the same. Shadab Mohammed, a member of the core team for placements at the institute, said, “Some of the companies have offered stock options at our campus too.” 


2 turn down 82L Samsung offer 
    ARs 82 lakh annual pay packet doesn’t seem to amuse a few IITians. Two of the six IIT-Madras students have rejected South Korean multinational company Samsung’s $150,000 offer, as the campus remains high on placements this year. Computer science BTech graduates Nitin Motiani and Sujeet Gholap said it was a “tough call,” but they eventually turned down the proposal.

IIT placements draw big firms, 10% higher pay

Mumbai: Placements at the Indian Institutes of Technology seem to have been insulated from the global economic slowdown. Companies like Facebook, Samsung, Google and other foreign majors began Day One across IIT campuses, offering about 5-10% higher salaries than last year. 
    It is projected that by the end of slot zero, 150 students on each campus will be hired. Average domestic salaries were in the 
mid-Rs 20 lakh range on the first day. 
    But Facebook continued to be the most aggressive employer this year too, making its presence felt at IIT campuses from Bombay to Guwahati to Madras. It has offered $136,000 (Rs 75 lakh) per annum to a student from IIT-Guwahati — besides a plum relocation bonus and a one-time signing amount. 
    Twitter is not far behind with a gross salary offer of $110,000. Artificial advertising solutions provider Rocketfuel is close as well. Algorithmic trading firm Jump Trading is keen to hire staff for its UK office and offered £70,000 as gross salary. 
    “One of our mathematics and computing students has been hired by Facebook for its California office. Even by US standards, they are paying a good salary,” said IIT-Guwahati director Gautam Barua. At other campuses, interviews were still on at the time of writing. 
    But the top offer so far was an annual package of $150,000 (Rs 81.6 lakh) from South Korean conglomerate Samsung, which is at IIT-Bombay and IITMadras. 
    “The company is looking for computer science graduates for its operations in the US and in South Korea. In fact, even financial and consulting companies are looking to hire many more students this year,” said Bhaskar Ramamurthi, IIT-Madras director. 
    Sources said Google has offered $135,000 (Rs 73 lakh) in a pre-placement offer at IIT-Kharagpur. IIT-Bombay has 35 companies (up from last year’s 34) on slot zero with first timers 
like LinkedIn, Twitter and Blackstone. 
    “Several companies offered international roles, including Samsung, Microsoft and Google. Several smaller firms too are offering high compensation packages,” said Avijit Chatterjee, professor-in-charge of placements at IIT-Bombay. While 1,300 students have registered for placements, about 200 have opted out. 
    Blue-chip recruiters on day one, which closes way past midnight, include Boston Consulting Group, Deutsche Bank, Goldman Sachs, IBM, ITC, Google, Sony (Japan), Schlumberger, Morgan Stanley, Microsoft, Oracle, Credit Suisse and Taiwan Semiconductor Manufacturing Company. In the next few days, companies like Michelin, Rolls-Royce, Mercedes-Benz Research, Toshiba Corporation, MyLikes, Flipkart, Walmart Global Technology Services, iGate, Procter & Gamble Hygiene will visit campuses. However, public sector companies stayed away, restrained from campus recruitments by a Madras high court case.

Question paper will be provided on e-mail

An Article Published in Rajasthan Patrika on 23rd Nov 2012.
For more details, Click : http://epaper.patrika.com/c/527668

Exam date will be decided by the students themselves

Exam date of Online JEE Mains exam will be decided by the students themselves.
For More Details, Click : http://epaper.patrika.com/c/487687

Relaxation in JEE Advance for the students who passed Board Exams in 2012

An article published in Rajasthan Patrika on 9th Oct : 

For more details please visit the link - http://epaper.patrika.com/61259/Rajasthan-Patrika-Kota/09-10-2012#page/1/2

Eligibility percentage declared for JEE Mains

CBSE declared the Percentage of Marks required for appearing in JEE mains.

For the session 2012 students, Percentage of marks required is : For General  - 77.8 % , OBC - 77.2% ,  SC - 69% & for ST - 67.4%. It can be change for session 2013 students.