logo
SPMVV receives ISO certification

SPMVV receives ISO certification

The Hindu21-04-2025
Sri Padmavati Mahila Viswa Vidyalayam (SPMVV) received the prestigious International Standards Organisation (ISO) certification for multiple achievements in the domains of Education, Energy and Environmental Management.
The certificates include ISO 21001:2018 (Educational organisation management system), ISO 50001:2018 (Energy management system) and ISO 14001:2015 (Environmental management system). Apart from these, the university also received the 'Green Zone Certificate of Excellence'.
When the audits were conducted on April 16 and 17, the auditing teams expressed satisfaction over the performance of all the academic and administrative departments, and lauded the varsity for maintaining the highest standards in all its operations.
HYM International Certifications Private Limited's managing director Alapati Sivaiah, who officially presented the ISO certificates to the Vice-Chancellor V. Uma, registrar N. Rajani and IQAC director T. Tripura Sundari recently, praised the all-women university for exhibiting outstanding performance in documentation, implementation of procedures and administrative systems.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Small Finance Bank transition to Universal Bank: A must-know for the UPSC Exam
Small Finance Bank transition to Universal Bank: A must-know for the UPSC Exam

Indian Express

time9 hours ago

  • Indian Express

Small Finance Bank transition to Universal Bank: A must-know for the UPSC Exam

Take a look at the essential events, concepts, terms, quotes, or phenomena every day and brush up your knowledge. Here's your UPSC Current Affairs knowledge nugget for today on transition from a small finance bank (SFB) to a universal bank. (Relevance: The topic of banking forms an important part of the UPSC CSE syllabus. Previously, questions have been asked on various dimensions of it; thus, knowing about the small finance banks becomes important.) The Reserve Bank of India has decided to grant 'in-principle' approval to AU Small Finance Bank Ltd. (AUSFB) for transitioning from a small finance bank (SFB) to a universal bank. The universal bank status will allow AU Bank to offer a wide range of financial services and products under one roof without many restrictions, unlike a small finance bank. In this context, let's understand what SFBs are and the criteria for transitioning into a universal bank. 1. The banking sector plays a key role in the function of the economy. Apart from commercial banks, the Indian economy has witnessed the rollout of some new banking models like payments and SFBs under the regulation of the Reserve Bank of India (RBI). 2. SFBs in India are a specific segment of banking created by RBI, under the guidance of the Government of India. The objective of setting up SFBs is to further financial inclusion by extending banking services to unserved and underserved sections of the population and supplying credit to small business units, small & marginal farmers, micro and small industries and other unorganised sector entities through high technology & low-cost operations. 3. The scope of activities of an SFB is primarily to undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections. In the Union Budget 2014-2015 presented on July 10, 2014, the Finance Minister announced that: 'RBI will create a framework for licensing small banks and other differentiated banks. Differentiated banks serving niche interests, local area banks, payment banks etc., are contemplated to meet credit and remittance needs of small businesses, unorganized sector, low income households, farmers and migrant work force'. Following the announcement, the RBI issued following guidelines for SFBs in November 2014: a. The minimum paid-up equity capital for small finance banks shall be Rs. 100 crore. b. SFBs are required to open at least 25% of their branches in unbanked rural centres. c. At least 50 per cent of its loan portfolio should constitute loans and advances of upto Rs. 25 lakh. d. Further, these banks are required to extend 75% of their adjusted net bank credit to the priority sector. According to the RBI, 'If the small finance bank aspires to transit into a universal bank, such transition will not be automatic but will be subject to fulfilling the minimum paid-up capital/net worth requirement as applicable to universal banks, its satisfactory track record of performance as a small finance bank, and the outcome of the Reserve Bank's due diligence exercise.' The eligibility criteria for an SFB to transition into a universal bank include: 1. Scheduled status with a satisfactory track record of performance for a minimum period of five years. 2. Listing on a recognised stock exchange and minimum net worth of Rs 1,000 crore as at the end of the previous quarter (audited). 3. Having a net profit in the last two financial years and gross Non-Performing Asset (NPA) and net NPA of less than or equal to 3 per cent and 1 per cent respectively in the last two financial years. 4. They should also meet the prescribed CRAR requirements for SFBs. 1. NBFC is a company registered under the Companies Act, 1956 or Companies Act, 2013, and engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, etc., as their principal business, but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property. 2. A non-banking institution which is a company and has principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions or in any other manner, is also a non-banking financial company (Residuary non-banking company). 3. Notably, banks and NBFCs are different entities subject to different statutory and regulatory requirements. However, NBFCs lend and make investments and hence these activities are akin to that of banks. The major differences between banks and NBFCs are given below: i. NBFCs cannot accept demand deposits; ii. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself; iii. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation (DICGC) is not available to depositors of deposit taking NBFCs. Capital to risk weighted assets ratio is arrived at by dividing the capital of the bank with aggregated risk weighted assets for credit risk, market risk and operational risk. The higher the CRAR of a bank the better capitalized it is. NBFCs can accept deposits from NRIs subject to compliance with Foreign Exchange Management (Deposit) Regulations 2016 (as amended from time to time) and also subject to the condition that the rate of interest on these deposits shall not exceed the rate specified by the Reserve Bank for such deposits with scheduled commercial banks What is/are the eligibility criteria for an SFB to transition into a universal bank according to the RBI? 1. Scheduled status with a satisfactory track record of performance for a minimum period of three years. 2. Listing on a recognised stock exchange and minimum net worth of Rs 1,000 crore as at the end of the previous quarter (audited). 3. Meet the prescribed CRAR requirements for SFBs. 4. Having a net profit in the last two financial years and gross NPA and net NPA of less than or equal to 3 per cent and 1 per cent respectively in the last two financial years. Select the correct answer using the codes given below: (a) 1 and 4 only (b) 1, 2 and 4 (c) 2 and 3 only (d) 2, 3 and 4 (Sources: AU Small Finance Bank gets RBI nod to become universal bank) You are invited to the next Express with Uttam Kumar Sinha, Senior Fellow at Manohar Parrikar-IDSA and Managing Editor of Strategic Analysis in conversation with Amitabh Sinha, Editor, Climate and Science, The Indian Express. Date:- June 13, 2025 l Time:- 6:00 P.M.|Place:- Zoom Topic- Indus Waters Treaty Join Now: Subscribe to our UPSC newsletter. Stay updated with the latest UPSC articles by joining our Telegram channel – Indian Express UPSC Hub, and follow us on Instagram and X. 🚨 Click Here to read the UPSC Essentials magazine for July 2025. Share your views and suggestions in the comment box or at Roshni Yadav is a Deputy Copy Editor with The Indian Express. She is an alumna of the University of Delhi and Jawaharlal Nehru University, where she pursued her graduation and post-graduation in Political Science. She has over five years of work experience in ed-tech and media. At The Indian Express, she writes for the UPSC section. Her interests lie in national and international affairs, governance, economy, and social issues. You can contact her via email: ... Read More

Motilal Oswal bets on India's wind sector, recommends buying this stock
Motilal Oswal bets on India's wind sector, recommends buying this stock

Business Standard

time15 hours ago

  • Business Standard

Motilal Oswal bets on India's wind sector, recommends buying this stock

India's wind energy sector is entering a critical growth phase, underpinned by a government-led localisation drive, improving manufacturing capabilities, and rising installation momentum. With an installed capacity of 51.6GW against a 2030 target of 100GW, the sector must add nearly 48.4GW over the next five years—supported by a pipeline of 25.5GW under construction and fresh auctions expected to accelerate. The recent mandate on local content in wind turbine generator (WTG) manufacturing marks a significant policy shift. Domestic vendor capabilities for blades, towers, and gearboxes are robust, while challenges remain for generators and bearings due to raw material dependencies. Industry experts suggest that the move will deter smaller import-reliant entrants, drive scale among incumbents, and gradually reduce pricing pressure through market share consolidation. Key growth drivers include India's sizeable underutilised manufacturing base—currently operating at only 20–25 per cent of its ~18GW annual WTG capacity—and strong domestic engineering expertise. Nearly 90–95 per cent of manufacturing and services are already indigenised, aligning with global ISO standards. The exemption of certain projects from the Approved List of Models and Manufacturers (Wind) until 2028 and flexibility for new players should help sustain near-term installation activity, with annual additions of 5–6GW seen as achievable. However, challenges persist. Import reliance for components such as balsa wood, rare earths, and advanced controllers – primarily sourced from China – remains high, with alternate sourcing from Latin America, Australia, and Africa constrained by mining and extraction capacity. Workforce shortages and limited deep-tech R&D further hinder sectoral efficiency gains. Additionally, transmission bottlenecks pose a structural risk, as grid readiness often lags behind generation capacity additions. Emerging trends include greater OEM adaptability to site-specific needs, advances in turbine hub heights and capacities, and potential backward integration to secure raw material supply chains. State-level initiatives in Gujarat and Madhya Pradesh on transmission planning demonstrate the importance of coordinated infrastructure growth alongside generation expansion. Over the medium term, India's wind sector offers a compelling investment case. The interplay of localisation incentives, export potential, and rising domestic demand positions the country as a competitive global manufacturing hub. While policy stability and supply chain resilience will be key to sustaining momentum, the structural tailwinds suggest that the sector is on track to deliver steady capacity growth, margin improvement, and enhanced self-reliance through 2030. Suzlon | Target: 82 Suzlon Energy share price: Suzlon 's outlook remains robust with expected order inflows of ~4GW in FY26, including ~1.5GW from NTPC, taking the potential order book to ~6.5GW by FY26-end. The EPC share is set to rise from ~20 per cent to ~50 per cent over the medium term, improving execution visibility. The Ministry of New and Renewable Energy's local content mandate, effective July 31, 2025, requires domestic sourcing of key turbine components, enhancing Suzlon's competitive position given its integrated manufacturing base. The gradual phase-out of Inter-State Transmission System (ISTS) waivers should aid smoother project execution. Proactive land acquisition and EPC expansion strengthen readiness for upcoming opportunities. Further, a projected 30–35 day improvement in the cash conversion cycle will bolster balance sheet strength, free cash flow generation, and sustainable RoEs, positioning Suzlon well for medium-term growth.

Students told to look for business ideas in tradition and culture
Students told to look for business ideas in tradition and culture

The Hindu

timea day ago

  • The Hindu

Students told to look for business ideas in tradition and culture

Sri Padmavati Mahila Viswa Vidyalayam (SPMVV) Vice-Chancellor V. Uma on Monday exhorted the students to look for creative business opportunities in the domain of arts, tradition, culture and heritage, where she said, 'there are possibilities as well as challenges aplenty'. She was speaking at the launch of an exhibition-cum-sale of 'Sanvika Divine Products,' a start-up incubated in-house at the university's SSIIE Technology Business Incubator (TBI), here on Monday (August 11, 2025). The products like handloom saris, cocoon-based artifacts, silk apparels, Kalamkari saris and wall frames were conceived, produced and exhibited with the idea of both personal use as well as for gifting needs. 'Such start-ups not only make brisk business, but also help preserve our traditional weaves and ethnic designs', the Vice-Chancellor said. The start-up directors and professors P. Sujatha, G. Savitri, N. Rajani, T. Vijaya Kumari and P. Neeraja called the array of products as a thorough blend of modern technology and traditional knowledge. The unique products made of silk cocoons and silk threads stood out as a highlight, as they are generally not seen in the public realm. Andhra Pradesh State Padmasali Corporation Director Sriramdas Gangadhar, Tirupati District Handloom and Textiles Officer R. Ramesh were also present.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store