Know how to send money to your ward studying abroad

foreign education, education loan, study abroad, how to send money from india, foreign university, how to send money abroad, forex, foriegn exchange, money transfer, bookmyforex, education news, indian expressThe total amount of remittances in a financial year should not exceed $ 250,000 as far as education goes. (Thinkstock photo)

Studying abroad is one of the most thrilling experiences of one’s life. Most Indian parents cherish the thought of sending their child to a top foreign university for which they spend a lot of time planning and budgeting.

However, apart from getting a good score and being competent enough to handle the pressure of being amongst some of the most intelligent students in the world, finances are a critical aspect of studying abroad. Foreign payments for tuition, boarding and lodging as well as other overheads are vital to a seamless experience while studying abroad.

In India, foreign remittances for education form a huge part of the money sent abroad, as per the latest report by the Reserve Bank of India (RBI).

According to the HSBC survey (Value of Education Learning for Life report) – 88 per cent Indian parents want to send their children abroad for post-graduation. This figure stands way ahead of other Asian countries including Turkey (83 per cent), Malaysia and China (82 per cent each).

With these facts in mind, it becomes imperative that while dreaming of making it to a university of global repute overseas, parents and students are also updated on all the legal and regulatory aspects of foreign remittances for education.

Sending money to your ward:

Wiring money to one’s dear ones overseas is no longer as complex and intimidating as it used to be. With the emergence of new-age technology-backed currency exchange marketplaces, you can simply do a wire transfer or send a demand draft from one of India’s top banks in just a few minutes.  However, a few stipulations must be followed.

Foreign remittances can be made through a few prescribed methods such as NEFT and RTGS. Cheques are also acceptable but are subject to clearance. Similarly, the payments must be made directly to the partnering bank of the fintech company that you are using through your savings account only. The bank’s account details are typically provided through an automatic notification upon your reconfirmation of the transaction.


Documents required:

Checking your transaction eligibility is a must as is ensuring that all the required documents are in place. The total amount of remittances in a financial year should not exceed $250,000 as far as education goes.

The documents that you need to have in order include a valid passport and student visa, university offer letter and pan card. You need to visit the bank branch with original copies of these documents.

Currency fluctuations:

You can book in advance the rate at which you will be sending over the money depending upon the current currency exchange rate to protect your money from exchange rate fluctuations. Booking rates for payments is critical to ensure that you don’t end up blowing your budget. Rates can be frozen with banks until the third working day, after which they lapse.

Freezing of rates requires an adjustable/refundable advance of only one to two per cent of the amount you are sending to avoid cancellations/adjustment loss due to cancellations.

You can freeze rate only when you pay by cash. Payments by cheques, on the other hand, are only eligible for open rates.


Finer points to be kept in mind:

While the ones listed above are the most critical aspects of foreign payments, there are several finer points that need to be paid attention to as well. For instance, if the address on your identity proof is not local, the bank may require a local residential proof such as a landline bill or an electricity bill.

Similarly, in case of international wire transfers, foreign intermediator banks could levy transaction charges. These are normally deducted from the transaction amount. However, you can choose to pay these charges upfront in Indian currency.

Keeping these aspects of foreign remittances in mind will help you plan better and avoid last-minute stress when the student is set to embark on his/her new journey. With the advent of new-age foreign remittance companies, parents and students are in for a much easier experience when looking at overseas remittance products. Information is available at a click and so are the services. All you need to do is be mindful of the basics and the rest will follow very conveniently.

ITBP inspector recruitment 2016: Apply for 683 vacancies

ITBP, itbp recruitment, itbp vacancy, police job, police vacancy,,, Indo-Tibetan Border Police Force, itbp inspector job, itbp job, govt job, govt post, police job itbp, recruitment news, education news, indian expressITBP inspector recruitment 2016: The last date for the forms to reach the ITBP office is November 9, 2016.

ITBP inspector recruitment 2016: The Indo-Tibetan Border Police Force (ITBP) has started a recruitment drive for the Inspector posts.

Vacancy details:

Vacancies for post: Inspector (General Duty)

Category: Group ‘B’ Non Gazetted

Employment type: Deputation basis (Deputation/re-employment basis for Ex-servicemen)

Number of posts: 683

Scale of pay:

PB-2: Rs. 9300-Rs. 34800/- with grade pay Rs. 4600/-

Dates to note:

Date of publication of advertisement: September 10, 2016

Last date for application to reach ITBP office: 60 days from the publication of advertisement (November 9, 2016)

How to apply:

Candidates should send in their applications in the prescribed format and send them with the required documents attached to: Sr. Admn. Officer (Estt), Directorate General, ITBP, MHA/ Govt. of India, Block-2, CGO Complex, Lodhi Road, New Delhi- 110003

Age limit:

The candidate should not be more than 52 years

Process of selection: The candidates will be selected on the basis of an exam. The candidates who successfully clear the exam will then be called for an interview.

Period of deputation:

The time period of deputation will be three years as per ordinary practice. This can be extended later. Candidates should note, however, that they can be repatriated before their tenure is complete if administrative reasons so demand.

Important note:

Once the officers are nominated, they will not be allowed to withdraw their candidature.

Applications can be rejected if their applications are received after the closing date/last date. They can also be rejected if the applications do not have required certificates and/or documents attached with them.


Steps to download the ITBP inspector recruitment form 2016:

Log on to the official website of the ITBP,

On the left hand side of the page, go to Recruitment > Advertisement

Click on the advertisement details link

Check the details, download the application form and send it to the above address

Career in Army attracts engineers, scientists

Chandigarh government college, Chandigarh government college job fair, Chandigarh government college jobs, job fair, chandigarh job fest, chandigarh news, India newsBidding adieu to jobs in other fields, especially in the well paying software industry, many youngsters are choosing a life in the army, fuelled by their passion to serve the nation. Several of the gentlemen and lady cadets who have passed out of the Officers Training Academy here were software and engineering professionals before opting for the Army.

V Saranya left a lucrative career with software giant Tata Consultancy Services (TCS) to join the army. A Commissioned Officer now, she says she is extremely happy about her choice.

“I always had a passion for the Armed forces and it was nurtured further during my NCC days,” she said. Asked how she would adapt to a comparatively more demanding job in the Army, she said her training in OTA had prepared her for it. “The Army shapes you. It makes you mentally strong. I am very confident. I will be able to do everything that is assigned to me,” she said.

Her elated father S Venkateswaran says she had an outstanding track record in academics and graduated in Electrical and Electronics Engineering from Sastra University.

Similar is the tale of R Satish Kumar, a mechanical engineer who chose the Army. “All of us are very happy. He wanted to be an army officer always,” his father S Ravi said, adding his son quit his private sector job to join the Army.

When asked for his reaction on more engineering professionals joining the army, Commandant OTA, Lt Gen Bobby Mathews said, such graduates “will be a value addition as the army moves ahead on a hi-tech road map.”

In fact, the Army has attracted young men from several other streams, including journalists and scientists. Jackson Jose, who worked as a reporter for a leading English daily here after doing a course in journalism from the Asian College of Journalism (ACJ) is an officer now. Asked how he felt, he said “I am thrilled.”

“A life in the Army is adventurous. I chose journalism as it was adventurous too, though not like the army,” he said. Another journalist who worked for an English daily, Prashanth Vijaykumar, has also opted for the olive green.

Akshay Patil, a junior scientist in the Defence Research Development Organisation left his job to join the Army.

Interestingly, there are also young men and women from families of serving defence personnel like that of Lt Colonel Rajendra Yadav.


Uma Yadav, his daughter who passed out of OTA is his “latest family member” to become a commissioned officer. “My daughter completed her BA LLB (Honours) from Indraprastha University, Delhi and I am very happy that she chose the Army. You will not be able to get anywhere else, the satisfaction you get when you serve the Army,” Lt Col Rajendra Yadav said with joy writ large on his face.

The graduates were among the 269 Officer Cadets, including 217 gentleman cadets and 32 lady cadets, besides 19 gentleman cadets and one lady cadet from friendly nations including Afghanistan, Bhutan, Lesotho and Fiji, who were commissioned as officers, following completion of a vigorous training course at the OTA.

Cabinet approves setting up of Higher Education Financing Agency

higher education, higher education india, union cabinet, union cabinet higher education, finance agency, higher education indian students, india news, education newsTo give a major push for creation of high quality infrastructure in premier educational institutions, the Union Cabinet on Monday approved the establishment of a Higher Education Financing Agency (HEFA).

“The HEFA would be jointly promoted by the identified promoter and the Ministry of Human Resource Development (MHRD) with an authorised capital of Rs 2,000 crore. The Government equity would be Rs 1,000 crore,” an official statement said, after the meeting of the union Cabinet, chaired by Prime Minister Narendra Modi.

The HEFA would be formed as a SPV within a PSU Bank or Government-owned-NBFC (Promoter). “It would leverage the equity to raise up to Rs 20,000 crore for funding projects for infrastructure and development of world class Labs in IITs/IIMs/NITs and such other institutions,” the statement added. The HEFA would also mobilise CSR funds from PSUs or corporates, which would in turn be released for promoting research and innovation in these institutions on grant basis.

The HEFA would finance the civil and lab infrastructure projects through a 10-year loan. The principal portion of the loan will be repaid through the ‘internal accruals’ (earned through the fee receipts, research earnings etc) of the institutions. The government would service the interest portion through the regular Plan assistance.

All the centrally funded higher educational institutions would be eligible for joining as members of the HEFA. For joining as members, the institution should agree to escrow a specific amount from their internal accruals to HEFA for a period of 10 years.


This secured future flows would be securitised by the HEFA for mobilising the funds from the market. Each member institution would be eligible for a credit limit as decided by HEFA based on the amount agreed to be escrowed from the internal accruals, the statement said.

Result of second round of seat allotment declared at

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The National Eligibility cum Entrance Test (NEET) results of second round of seat allotment has been released on the official website — NEET 2016 counselling was conducted for approximately 5698 MBBS and BDS seats.

The reporting at allotted medical/ dental college for second round participants will begin from September 13, 2016 and ends on September 20, 2016 at 5 pm. After the second round, vacant seats, if any, will be transferred to the state quota on September 20, 2016. MBBS/ BDS session begins on September 30, 2016.

Steps to check NEET 2016 2nd round of seat allotment results 2016
Log on to the official website
Click on the ‘Allotment result round 2’ link
A pdf file will open displaying alloted college against the roll number of the candidates
Check carefully
In case you have made it to the list, arrange all documents required for admission

The candidates whose category has been up-graded in the same institution and subject are required to get online generated relieving letter and get admitted on the upgraded category seat from the allotted institution.

Such candidate must get fresh online generated admission letter for the up-graded category seat otherwise the allotted seat will be cancellaed due to non-admission.


After allotment of your seat, you will be required to present the following documents while reporting to your allotted college:
NEET 2016 admit card, result/rank letter issued by CBSE, proof of date of birth (if not mentioned in the matriculation certificate), proof of identity, Class 10 certificate, 10+2 Certificate, 10+2 marksheet, 8 passport-sized photographs (to be affixed on the application form), provisional allotment letter (to be generated online after allotment), migration certificate from the University/Board last attended by the candidate, one set of self-attested copies of all the certificates.

UPSC refers Baswan panel report on civil services exam to DoPT

UPSC,, Union Public Service Commission, Baswan committee, civil services, IAS, DoPT, Human Resource Development Secretary, HRD ministry, IPS, Indian Administrative services, indian police service, IFS, indian foreign services, IAS age limit, UPSC rules, UPSC age limit, UPSC news, UPSC latest news, education news, recruitment news, indian expressUPSC Building. (File photo)

The Union Public Service Commission (UPSC) has referred the report of Baswan committee, that has suggested changes in civil services exam pattern, to the government for final decision.

The UPSC had constituted the expert committee under the chairmanship of former Human Resource Development Secretary and retired IAS officer B S Baswan in August last year.

The panel had submitted its report to the UPSC last month in a sealed cover and it has been sent to the Department of Personnel and Training (DoPT) for a final decision on the committee’s recommendations, official sources said today.

The committee is understood to have recommended reduction in upper age limit of 32 years to appear in the civil services exam, they said.

Lakhs of aspirants appear in the examination conducted annually by UPSC in three stages–preliminary, main and interview–to select officers for Indian Administrative Service (IAS), Indian Foreign Service (IFS) and Indian Police Service (IPS), among others.

A candidate must have attained the age of 21 years and must not have attained the age of 32 years on the 1st of August, 2016, as per the latest notification for the exam.


The upper age limit is further extendable for candidates belonging to Scheduled Caste, Scheduled Tribe, Other Backward Classes, and those who had ordinarily been domiciled in Jammu and Kashmir during the period from January 1, 1980 to December 31, 1989.


The Baswan committee has examined the plan of examination, number of papers, their structure and duration, marking scheme, weightage of marks and system of evaluation among others, the sources said.


The committee was earlier asked to submit its report within six months but it was given an extension for a further period of six months, till last month end. It submitted the report on August 9.

Interpretation of verse in Hindi textbook ‘disturbs’ Muslim students

hindi, hindi textbook, hindi book, book, textbook, Gujarat schools, gujarat education, news, latest news, India news, national newsKandolkar says his Muslim students have strongly objected to this interpretation. The letter was written last month. (File)

A teacher has written to the Gujarat State School Textbook Board (GSSTB) and the Gujarat Secondary and Higher Secondary Education Board (GSHSEB), pointing out “errors” in the Class IX Hindi textbook, including mistakes in a verse by poet Tulsidas, and its interpretation which has “disturbed” his Muslim students. Devendra Kandolkar, who runs informal classes for children residing in the coastal areas of Kutch, in his letter listed errors in the book regarding grammar and punctuation, and to a particular interpretation of a verse by Tulsidas from Vinay Patrika.

Chapter 17 — ‘Tulsi ke pad’ — has sampled a famous verse titled ‘Jau kahan taji charan tumhare’, which wrongly quotes the line “Khag, mrug, vyadh , pashaan, vitap jadyavan kavan sur taarey” as “Khag, mrug, byadh, pashaan, bitap jad, javan kavan sur taarey”.  The interpretation of the line at the end of the chapter explained the word ‘javan’’: “A young man; it is said that a Muslim died after being attacked by a boar and in his last breath he uttered the word ‘haram’. The utterance, of the word ‘Ram’ even if inadvertently, gave him salvation.”

Kandolkar says his Muslim students have strongly objected to this interpretation. The letter was written last month.

“Not only there are factual errors in the chapters, but also several mistakes in the 26-line foreword by the GSSTB. What has been bothering the students and teachers is the explanation of ‘javan’. A student stood up in my class and asked why such an explanation is used when our religion and the Quran does not allow to believe in any other form of God other than Allah? How can this chapter preach such a thing?,” he told The Indian Express.

When contacted, the GSSTB chairman Nitin Pethani said that if there are such errors, the book will soon be reviewed. The textbook board director H N Chavda said, “It is part of the explanation to references like ‘khag’, ‘mrug;’, ‘vyadh’, ‘pashaan’, ‘bitap’ and ‘javan’ about who attained salvation by Lord Ram and there is nothing out of place in content.”


Chavda, however, agreed that the GSSTB could have done away with such content that disturbed religious sentiments.  He also directed the subject expert committee head to look into the matter and ensure efficient checks before approving content for the textbooks.

The factual errors include wrong spellings of authors, words and punctuation, that lead to a complete change of meaning. Besides, famous author Sudarshan’s birth and death year has been printed as 1968. For instance, samjhaiye is spelt as samjaiye, taskaari as tarkaari, rashtriya as rastriya. Vidhya is used in place of vidha, dhav in place of ghav (wound), dhor (cattle) in place of ghor (grave), vidh in place of vish.

IITs to count PhD scholars as faculty to improve student-teacher ratio

IIT, IIT faculty, IIT student teacher ratio, IIT teachers, IIT Phd, Phd at IIT, iit phd students, hrd ministry, prakash javadekar, iit educationCurrently, there are 2,600 faculty positions lying vacant across all IITs.

The Indian Institutes of Technology (IITs) will now count their doctoral students as part of their faculty in a bid to improve their student-teacher ratio.

The decision was taken at the last meeting of the IIT Council held on August 23. Sources said that the HRD Minister Prakash Javadekar has accepted the proposal to count five PhD students at as one faculty member at any IIT for the purpose of calculating the student-teacher ratio. The decision will be notified soon and will also be communicated to ranking agencies such as Times Higher Education and Quacquareli Symonds(QS).

“Every PhD scholar has to teach undergraduate students for 10 hours per week. A regular IIT faculty member has a teaching workload of 40 hours per week. So five research scholars can easily be counted as one faculty member for the purpose of faculty-student ratio. Renowned institutions such as Stanford and MIT also do this,” said a senior HRD Ministry official, on the condition of anonymity.

Currently, there are 2,600 faculty positions lying vacant across all IITs. The student-teacher ratio stands at 15:1 as against a desirable 10:1. Once the proposal implemented, the 26,000 PhD scholars at IITs will count as an additional 5,000 faculty members. “This will help the IITs achieve the desired faculty student ratio,” the official added.


The HRD Ministry hopes that an improved student-teacher ratio this will also help better the performance of IITs in the international rankings. Out of the seven IITs which figured in the top 700 of the QS world rankings this year, six have slipped several places compared to last year. IIT Madras was the only exception which improved its ranking by five places to join the top 250 club.

IBPS CWE RRBs V 2016: Know how to apply

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IBPS recruitment 2016: The Institute of Banking Personnel Selection (IBPS) has invited eligible candidates (CWE-V) for the posts of officers (scale I, II & III) and office assistants (multipurpose) in participating Regional Rural Banks (RRBs). The aspirants can start applying from today.

The recruitment exam will be held in November/December. As many as 56 RRBs are offering 16,560 posts of Group ‘A’ Officers & Group ‘B’ Office Assistants. The online applications for IBPS RRB recruitment 2016 will end on  September 30, 2016.

How to apply:

Candidates can apply online through the official website –
On the homepage, click on the link ‘IBPS CWE RRBs V 2016 recruitment’
A new page will open showing three different links to apply online — office assistant, officer scale I and officer scale II and III.
Choose the one you wish to apply for
If you are a new user, apply for registration.
The old user can do it directly by submitting their registration number and password
After completing the procedure, including payment of fees, the candidate should take a printout of the system generated on-line application form.

Note: In case of doubt about the successful registration, candidates should visit the page for re-print of application, generate the printout and preserve the soft copy and hard copy (printout) of the application.

Things needed during registration
Scans of their photograph (size: 4.5cm x 3.5cm) and signature. Candidates should make sure their signature is not in capital letters otherwise it will not be considered valid.

Keep the necessary documents ready to make online payment of the requisite application fee/ intimation charges

You need to have a valid email ID and mobile phone number for receiving information before you being to apply. If you don’t have an email ID yet, make one.


You will receive an email as well as an SMS confirmation on your registered email address and mobile number on successful submission of the form. If you do not receive the same, this means that there is some problem with your form and it has not been successfully registered.

No other/offline mode of application will be considered valid.

How to pay fee: Application payment can be made through debit or credit card, net banking, IMPS, cash cards or mobile wallets. When making payment, make sure you add bank charges to the payment.

The fee structure is:

Officer (Scale I, II & III):

For SC/ST/PWD candidates: Rs 100

For all others: Rs 600

Office Assistant (Multipurpose):

For SC/ST/PWD/EXSM candidates: Rs 100

For all others: Rs 600

Make sure you have downloaded the e-receipt upon successful payment of the fee.

Himachal Pradesh: Fate of 150 MBBS aspirants in limbo due to fees hike

student_480A private medical college in Solan has allegedly denied admission to 150 medical aspirants, who were selected after counselling by Himachal Pradesh University, over the demand of fee hike, which has been struck down by the state government. The parents of the students have complained that the college was not admitting students and have approached the government.

Principal Secretary (Health), Prabodh Saxena has directed the college to admit the selected students under both government quotas (75 seats) and management quota (75 seats including 13 NRI seats).

“The management of the college has demanded hike in fee but we have made it clear that no change can be made in the fee structure after the prospectus is published and counselling was over and have asked the college to complete the admission process,” Saxena said.

The state BJP president Satpal Singh Satti has accused the government of mishandling the issue and said it should ask the college to admit the students and also no extra fee is paid for the seats under quota.

“The tussle between the government and the University is hurting the interests of the students and it is high time that the government intervened and admission to 150 seats is made and students were not burdened with hiked fee,” he added.


“The government has already fixed an exorbitant fee of Rs 5-lakh per annum for government quota seat which is nearly 10 times the fee charged by the government colleges, negating the very concept of government quota, said a parent whose son has been nominate against government quota seat.

The process of admissions in three government medical colleges has been completed and classes would start from tomorrow but the students seeking admission in the college have been left in the lurch, said another parent.