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Daily News Digest:04 January 2019

Centre honours outstanding young entrepreneurs with National Entrepreneurship Awards

The Ministry of Skill Development and Entrepreneurship will host third edition of the National Entrepreneurship Awards in New Delhi on 4th Jan 2019.

The awards aim to recognize and honor outstanding young first-generation entrepreneurs and those who have contributed immensely in building the entrepreneurship ecosystem.

Total of 43 awards will be presented this year. These include 39 awards for Young Entrepreneurs in different sectors and four awards for Entrepreneurship Ecosystem Builders.

RTE Amendment Bill passed in Rajya Sabha

The Rajya Sabha on 03 Jan passed the Right of Children to Free and Compulsory Education (Amendment) Bill, 2019, that does away with the no-detention policy mentioned in the law.

The House also passed the National Council for Teacher Education (Amendment) Bill.

The Lok Sabha had passed the two bills in July during the Budget Session.

Rajya Sabha passes NTCE Amendment Bill

The Rajya Sabha on 03 Jan passed the National Council for Teacher Education (Amendment) Bill, 2019 that seeks to retrospectively grant recognition to certain institutions running teacher education courses as well as grant retrospective permission to start new courses.

The Bill amends the National Council for Teacher Education Act, 1993. It applies to all Indian states except Jammu & Kashmir.

SEBI allows custodial services in commodity market

Markets regulator Securities Exchange Board of India (SEBI) has allowed custodial services in the commodity derivatives market which would enable participation of institutional investors, including mutual funds, in the segment.

Currently, the regulation on custodian of securities provides safekeeping of securities, gold or gold related instruments, title deeds of real estate and services incidental.

However, it is not applicable for protection of goods, which are underlying assets of commodity derivatives.

Only 10 Indian Scientists in list

According to a report published by Clarivate Analytics; only 10 Indian scientists featured in the list of 4000 highly cited researchers across the world.

It is only 0.25% of the 4000 highly-cited scientists of the world.

China stands at third position with nearly 482 scientists.

Sweden (53%), Austria (53%), Singapore (47%), Denmark (47%), China (43%) and South Korea (42%) are among the nations that have 40% of their Highly Cited Researchers selected in the cross-field category.

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