LUIPS gets a computer lab, other facilities
Lucknow: A computer lab with 50 computers, a faculty room, a lift and a 280-seat auditorium have been inaugurated at the
Lucknow University
's Institute of
Pharmaceutical Sciences
(LUIPS). These upgrades aim to enhance student and faculty experiences by supporting online learning, research and industry-ready training.Vice-chancellor of the university Alok Kumar Rai launched the annual magazine LUIPS–Synergy (2024–25), showcasing achievements of students, faculty and researchers.
He honoured 24 students who qualified for GATE 2025 and 37 students placed in MedPlus and Macleods Pharmaceuticals."Infrastructure alone does not define progress, it is the opportunities we create for students to grow, innovate and succeed that truly matter. This development is a step toward shaping a brighter future for them." the VC said.
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Time of India
26-05-2025
- Time of India
Majority spend first pay check on gifts for family: study
HighlightsThe Bharat Lab's research report "My First Salary" reveals the profound emotional significance of first paychecks for young earners in India's Tier 2 and Tier 3 cities, emphasizing it as a cultural milestone. The study found that 88.5 percent of women perceive their salary as a symbol of personal freedom, with 44.6 percent of participants choosing to inform their mothers first about their earnings. The report recommends that fintech platforms provide flexible investment options, policymakers reassess entry-level salary benchmarks in semi-urban India, and educational institutions enhance financial literacy, especially for women. Rediffusion and Lucknow University's joint think tank, The Bharat Lab, has unveiled a new research report titled "My First Salary," delving into the financial behaviors and emotional experiences of young earners in India's Tier 2 and Tier 3 cities . The study, which surveyed 2,125 individuals, highlights that a first paycheck is more than just a financial event—it is a cultural milestone with significant emotional weight. Sandeep Goyal, co-chairman of Bharat Lab, said, "A first salary is more than a transaction. It's a declaration of independence, a family ritual, and often, a quiet revolution—especially for women." Alok Kumar Rai, chairman of Bharat Lab, added that the research reflects the "heartbeats of the nation" and speaks to a broad audience, not just economists. Key findings reveal that 38.8 percent of respondents spent their first salary on gifts, primarily for family, while 24.5 percent saved their income and 20.4 percent donated to religious or social causes. Notably, 88.5 percent of women viewed their salary as a symbol of personal freedom. Furthermore, 44.6 percent of participants informed their mothers first, underlining the importance of family bonds. The report also highlighted that one in three women opt to buy gold with their first income. Regarding Gen Z in Bharat, 76 percent prefer flexible investment models over rigid monthly SIPs, often linking investments to personal goals. This indicates a desire for personalized and adaptable financial planning. Based on the findings, the report provides recommendations for various stakeholders. Fintech platforms are advised to introduce flexible investment options, policymakers should reconsider entry-level salary benchmarks in semi-urban India, marketers should focus on emotional themes in their campaigns, and educational institutions should integrate financial literacy, particularly for women, into their curricula.
Time of India
22-05-2025
- Time of India
A gift to family: How Gen Z spends its first salary
Lucknow: Receiving one's first salary is a milestone moment, filled with a mix of emotions and a sense of accomplishment. But have you ever stopped to think about how you spent your first paycheck? A recent study, 'My First Salary', conducted by Lucknow University and Bharat Lab, sheds light on this question, revealing the deeply emotional, often ceremonial, and culturally significant nature of this significant moment. Bharat Lab, a think tank jointly launched by Rediffusion and LU, focuses on understanding consumer behaviour in India's tier 2 and 3 cities. Based on a survey of 2,125 individuals across semi-urban India, the study found that the first salary is more than just a financial milestone. For many, it's an opportunity to express gratitude and share their success with loved ones. A significant 38.8% of respondents used their first salary to buy gifts for their family, highlighting the importance of family ties and cultural values in Indian society. The report, released on Thursday, offers a compelling look into how young earners in India's Tier 2 and Tier 3 cities — collectively referred to as Bharat — experience and express the moment of receiving their first paycheck. "The report reveals that 38.8% of respondents used their first salary to buy gifts for family, emphasising a culture of gratitude. Around 24.5% saved their income, indicating increasing financial responsibility, and 20.4% donated to religious or social causes, reflecting a strong sense of community," the report said. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Switch to UnionBank Rewards Card UnionBank Credit Card Apply Now Undo The report further stated that 88.5% of women saw their first income as a symbol of personal freedom, and 44.6% informed their mothers first, highlighting the emotional depth of the milestone. "The study also delves into gender dynamics, generational shifts, and the blending of traditional and modern financial behaviour. For instance, despite rising digital literacy, one in three women still invests in gold with their first salary, maintaining a time-honoured practice," said the chairman of Rediffusion, Sandeep Goyal. The report also highlighted a new financial culture among Bharat's Gen Z. A striking insight from the report is the youth's preference for flexible and personalised investment practices. Around 76% of young earners now favour 'invest when you can' model over rigid SIPs. Many are tagging these investments with personal goals such as "Goa 2026" or a "dream bike" —a clear shift towards emotionally driven financial planning. "They want to save, but without being shackled. This is personal finance made personal — not passive," said Goyal. The report captures the emotional, cultural and financial significance of receiving a first salary among young Indians — highlighting it not just as a financial transaction, but a rite of passage tied deeply to family, independence and values. "At Lucknow University, we believe research must reflect the heartbeat of the nation. The Bharat Lab is a living testament to that belief. This report doesn't just speak to economists — it speaks to parents, policymakers, and every young adult standing at the threshold of financial independence," said LU Vice-Chancellor Prof Alok Kumar Rai. He said the report highlights key behavioural insights on how India's young professionals relate to their first income, whether through spending, saving, or sharing. It underscores the university's commitment to research that goes beyond academia to influence policy, business, and social understanding.
Time of India
18-05-2025
- Time of India
‘Need to ensure 9% growth rate'
Lucknow: Renowned economist Prof on Sunday said that the biggest that the country faces today is dwindling . Delivering the 21st Freda Laski Memorial Lecture at the UP Press Club, Mehrotra said: "The problem is that the number of people in our working age (15-60 yrs) is narrowing down and is likely to be at an all-time low by 2040, which leaves us only 15 years to find a solution. Tired of too many ads? go ad free now " "The answer lies in creation of more jobs. China can handle its falling demographic dividend only by creating jobs. To do this, we need to create at least 11 million jobs every year," he said. Admitting that India was the world's fastest growing economy, he said: "We need to ensure rise in from 5.8% to 9% to achieve our target of Viksit Bharat by 2047." Former vice-chancellor of Lucknow University Prof Roop Rekha Verma hosted the event.
