NR Madhava Menon passes away at 84

News Network
May 8, 2019

Thiruvananthapuram, May 8: Renowned academician and father of modern Indian legal education Prof NR Madhava Menon died early Wednesday.

The 84-year old Menon died of age-related ailment at a private hospital here.

He is survived by his wife Rama Devi and son Ramesh Menon. The cremation will take place at Santhi Kavadam here this evening.

Menon was the founder Director of the National Law School of India University (NLSIU) and the National Judicial Academy, Bhopal, and the founder Vice Chancellor of the West Bengal National University of Juridical Sciences (NUJS).

Menon was honored by Padma Award in 2003. He started his career in 1955 and began practice in Kerala High Court in 1956.

He was the first PhD of Faculty of Law, Aligarh Muslim University. He also served as a professor in University of Delhi.

He was also a member of the Delhi University panel which liaised with universities from the United States such as Harvard, Columbia, Michigan and Yale. 

He served as a member of the Committee for Implementing Legal Aid Schemes (CILAS), which was formed under the chairmanship of V. R. Krishna Iyer, by the Indira Gandhi government, in connection with the Garibi Hatao programme.

In 1998, Menon was invited by the West Bengal Government to set up the West Bengal National University of Juridical Sciences (NUJS). 

As the first vice-chancellor, he is known to have developed its infrastructure and educational curriculum and held the post till 2003, when the Supreme Court of India asked him to take over the responsibility as the first director of the newly formed National Judicial Academy a training centre for judges where he worked till his retirement in 2006.

After the retirement, Menon was appointed by the Union Government as a member of the Commission on Centre-State Relations, a position he held till 2010.

He has also served as the Chairman of the Indian Statistical Institute, Kolkata, and later, as the Chairman of the Centre for Development Studies (CDS), Thiruvananthapuram. 

He was a former member of Law Commission of India and has been a member of the Committee on Restructuring of Higher Education in India as well as the Criminal Justice Reform committee.

Menon was a former member of the Board of Governors of the International Organization of Judicial Trainers (IOJT).

Kerala Governor Justice P Sathasivam condoled the demise of Menon.

In a message, the Governor said "I am deeply saddened by the demise of Prof N R Madhava Menon, whose insightful ideas modernised legal education in India. As an authority on legal and constitutional matters, he used his limitless erudition to build world class institutions and to enlighten generations of students."

"May his soul rest in peace," the Governor added.

Later, the Governor visited the house of Menon here and paid his last respect to the departed soul. 

Union Finance Minister Arun Jaitley, who is also an advocate, mourned the demise of his mentor and said he had the privilege of being taught by him.

“Saddened by the demise of Prof NR Madhava Menon, a legal educator, scholar & jurist. He pioneered five year legal education & law schools in India. I had the privilege of being taught by him. My thoughts are with his family & students. May God render peace to the departed soul,” he tweeted.

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Agencies
July 29,2020

New Delhi, Jul 29: The new National Education Policy (NEP) approved by the Union Cabinet on Wednesday is set to usher in a slew of changes with the vision of creating an education system that contributes directly to transforming the country, providing high-quality education to all, and making India a global knowledge superpower.

The draft of the NEP by a panel headed by former Indian Space Research Organisation (ISRO) chief Kasturirangan and submitted to the Union Human Resource Development Minister Ramesh Pokhriyal when he took charge last year. The new NEP replaces the one formulated in 1986.

Some of the key highlights of the New Education Policy are:-

The policy aims to enable an individual to study one or more specialized areas of interest at a deep level, and also develop character, scientific temper, creativity, spirit of service, and 21st century capabilities across a range of disciplines including sciences, social sciences, arts, humanities, among others.

It identified the major problems facing the higher education system in the country and suggested changes such as moving towards multidisciplinary universities and colleges, with more institutions across India that offer medium of instruction in local/Indian languages, a more multidisciplinary undergraduate education, among others. 

The governance of such institutions by independent boards having academic and administrative autonomy has also been suggested.

Under the suggestions for institutional restructuring and consolidation, it has suggested that by 2040, all higher education institutions (HEIs) shall aim to become multidisciplinary institutions, each of which will aim to have 3,000 or more students, and by 2030 each or near every district in the country there will be at least one HEI.

The aim will be to increase the Gross Enrolment Ratio in HEIs including vocational education from 26.3 per cent (2018) to 50 per cent by 2035.

Single-stream HEIs will be phased out over time, and all will move towards becoming vibrant multidisciplinary institutions or parts of vibrant multidisciplinary HEI clusters.

It also pushes for more holistic and multidisciplinary education to be provided to the students.

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News Network
March 13,2020

Mumbai, Mar 13:  Investor wealth worth nearly Rs 12 lakh crore was wiped out in less than 15 minutes of trading on the stock exchanges on Friday, with the two benchmarks, the BSE Sensex and the NSE Nifty, crashing over 10 per cent.

The 30-share BSE Sensex plummeted 3,380.59 points, or 10.31 per cent, to 29,397.55. It hit an intra-day low of 29,388.97, falling up to 3,389.17 points.

Trading was halted for 45 minutes in the early session after the index hit its lower circuit limit.

The BSE and NSE benchmark indices, however, pared most losses with the Sensex trading 835.40 points, or 2.55 per cent, lower at 31,942.74, and the Nifty was down 253.25 points or 2.64 per cent at 9,336.90 at 10.40 am.

The mayhem on Dalal Street eroded investor wealth worth Rs 12,92,479.88 crore, taking the total m-cap to Rs 1,12,78,172.75 crore on the BSE at 1020 hours.

The m-cap of BSE-listed companies stood at Rs 1,25,70,652.63 crore at the end of trading on Thursday.

Traders said besides global selloff, incessant foreign fund outflows also weighed on investor sentiments.

On a net basis, foreign institutional investors sold equities worth Rs 3,475.29 crore on Thursday, data available with stock exchanges showed.

On the BSE, 1,279 scrips declined, while 193 advanced and 40 remained unchanged.

Volatility heightened in global markets as benchmarks world over went into panic mode, insinuating a freakish selloff.

Bourses in Shanghai dropped over 3.32 per cent, Hong Kong 5.61 per cent, Seoul 7.58 per cent and Tokyo cracked up to 7.97 per cent.

Wall Street lost 10 per cent in overnight trade.

More than 1,30,000 cases of the novel coronavirus have been recorded in 116 countries and territories, killing at least 4,900 people.

The number of coronavirus patients in India has risen to 74, as per the health ministry.

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News Network
June 24,2020

New Delhi, Jun 24: Over 1,500 urban and multi-state cooperative banks will be brought under the supervisory power of the Reserve Bank of India (RBI), said Union Minister Prakash Javadekar on Wednesday.

"Government banks, including 1,482 urban cooperative banks and 58 multi-state cooperative banks, are now being brought under supervisory powers of Reserve Bank of India (RBI); RBI's powers as they apply to scheduled banks will apply for cooperative banks as well," Javadekar said at a press conference, through video conferencing.

"The decision to bring 1,540 cooperative banks under RBI's supervision will give an assurance to more than 8.6 crore depositors in these banks that their money amounting to Rs 4.84 lakh crore will stay safe," he added.

The Minister of Information and Broadcasting further said that the Union Cabinet has approved a scheme "for interest subvention of 2 per cent to Shishu loan category borrowers under Pradhan Mantri Mudra Yojana, outstanding as on March 31, 2020, for one year to eligible borrowers."

The Minister also said that the Union Cabinet has approved the declaration of Kushinagar Airport in Uttar Pradesh as an international airport.

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