Latest news with #ELA
Time of India
26-05-2025
- Business
- Time of India
Govt's grip on state-run banks cuts RBI's risk
The Reserve Bank of India has said that the government's ownership of public sector banks (PSBs) makes it easier to manage risk, reducing the central bank's exposure to potential losses. In a recent report on its economic capital framework, the RBI said this ownership justifies lower capital buffers for these lenders when it comes to providing emergency liquidity assistance (ELA). The central bank said that government-owned banks are seen as safer, as the government acts like a parent company with deep financial resources. 'The present review proposes to account for the inherent strength due to sovereign ownership in case of PSBs, while assessing the recovery rates,' the report stated. This strength makes public banks less risky for the RBI to support and reduces the capital the central bank needs to hold against such risks. The RBI said its stance is backed by the government's actions in the past. 'Govt had infused an amount of more than Rs 3.1 lakh crore as capital during the period since RBI's asset quality review,' it said. This capital injection has had a visible impact on the health of the banking sector. Non-performing assets (NPAs) have dropped significantly—from 9.3% in March 2019 (12.6% for PSBs) to 2.6% in September 2024 (3.3% for PSBs). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like In Uncertain Markets, This Trader Relies on Swing Setups TradeWise Learn More Undo Previously, the RBI's expert committee had assumed a uniform recovery rate of 80% on ELA against non-high quality liquid asset collateral for both public and private sector banks. However, the current review moves away from that view. This shift in approach means that the RBI now expects smaller losses when supporting PSBs. 'Accordingly, the potential LOLR losses of RBI for the quantum of loans extended to PSBs have been assumed to be lower (10%) as compared to private sector banks (20%),' the report said. This effectively halves the loss estimate for PSBs because of the implicit state guarantee. Live Events Stress-test results in the report show that even under financial strain, the RBI would face potential losses of only around 3% of its balance sheet. This assumes recovery rates of 90% for PSBs and 80% for private banks. The report also highlighted possible risks from the global operations of scheduled commercial banks. It said that in periods of financial stress, when credit lines tighten and spreads widen, the RBI might need to provide foreign currency liquidity to overseas branches of Indian lenders. This possibility 'may not be ruled out', the report said. By taking into account the backing provided by the government, the RBI is adjusting how it measures and prepares for financial risk in the banking system. This has allowed the central bank to assume lower losses on public banks, which in turn reduces the amount of capital it needs to hold in reserve—freeing up resources while still preparing for emergencies.
Time of India
25-05-2025
- Business
- Time of India
Centre's ownership of banks cuts 'lender of last resort' risk for RBI
MUMBAI: RBI has acknowledged that government's ownership of public sector banks makes its risk management job easier. In its latest economic capital framework report, RBI notes that such ownership has "demonstrably reduced the potential losses" it might face when offering emergency liquidity assistance (ELA), warranting lower capital buffers for these entities. In other words, govt-owned lenders are being treated as a safer bet - because govt behaves like a parent company with deep pockets. The "inherent strength due to sovereign ownership" makes public banks less risky for RBI to backstop and lightens the capital load it must carry to do so. "The present review proposes to account for the inherent strength due to sovereign ownership in case of PSBs, while assessing the recovery rates," the report states. This approach is justified, RBI argues, by govt's track record: "Govt had infused an amount of more than Rs 3.1 lakh crore as capital during the period since RBI's asset quality review." The capital infusion has helped bring down non-performing assets in the banking sector from a high of 9.3% (12.6% for PSBs) in March 2019 to a multi-year low of 2.6% (3.3% for PSBs) in Sept 2024. RBI noted that "the expert committee had estimated potential LOLR (lender of last resort) losses for RBI based on uniform recovery rate of 80 % on ELA against non-hiqh quality liquid assets collateral for both private and public sector banks". However, the current review departs from this. This backing translates into tangible regulatory leniency. "Accordingly, the potential LOLR losses of RBI for the quantum of loans extended to PSBs have been assumed to be lower (10%) as compared to private sector banks (20%)," the report says - halving the assumed loss thanks to the implicit state guarantee. The resulting stress-test estimates suggest that , even under duress, RBI would face potential losses of just about 3% of its balance sheet, assuming recovery rates of 90% for PSBs and 80% for private banks. The report also notes that given the global operations of scheduled commercial banks, the possibility of RBI having to provide liquidity in foreign currency to overseas branches of such lenders in periods of stress, with tightening of counterparty credit lines and widening of spreads, may not be ruled out. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
23-05-2025
- General
- Yahoo
District rolls out new ELA curricula
ANDOVER — The school district will roll out new English Language Arts curricula for kindergarten through eighth grade in the fall. The School Committee voted, 5 to 0, at its Thursday meeting to approve the curriculum Great Minds' Arts and Letters at the elementary level and Amplify ELA at the middle school level in order to begin implementation at the start of the 2025-2026 school year. During the past year, a working group of administrators and a team of elementary and middle school teachers tested and evaluated different programs for English Language Arts (ELA). The school district partnered with Achievement Network (ANet) for a literacy audit and to develop the working group in order to review and assess literacy curriculum. A working group was guided by the Implement Massachusetts framework from the Department of Elementary and Secondary Education. Pilot programs were then launched across Andover schools and observed how both students and teachers engaged with the new materials. Both Amplify and Arts and Letters were part of the pilot project. From January to May, a pilot group of 45 elementary and 27 middle school teachers piloted the curriculum in a month-long test. In May, the teachers who piloted the programs in their classrooms, along with administrators, selected their preferred curriculum. While both programs were piloted at the elementary and middle school levels, educators and administrators collectively chose ones for each level. 'The goal was to really make sure that this fit the expectation and the need that the grade-level teachers thought it would,' Assistant Superintendent of Curriculum Julie Riley said. 'It was really important that each group had the ability to make that decision independently.' For elementary students and teachers, Arts and Letters will see instructional time divided into four modules that integrate ELA with social studies, science and fine arts in 60 minute lesson structures. The modules will incorporate literacy, nonfiction, fine art and multimedia texts. Writing is included in all instructions such as narrative, expository, persuasive and responsive interwoven in each module. Amplify ELA for middle schools is a comprehensive curriculum centered on complex texts for the students to build meaning and express their own ideas through writing. It blends print and digital platforms. The curriculum focuses on writing in response to reading. The middle school curriculum is structured, but has flexibility. School Committee member Lauren Diffenbach said she felt good about the curricula. She said it was helpful to see the teachers' feedback. During the rollout next school year, there will be comprehensive professional development and embedded coaching from both curriculum vendors. The school district is additionally planning parent informational sessions.
Yahoo
21-05-2025
- General
- Yahoo
United Way of Champaign Co. raises thousands, starts literacy grant for teachers and non-profits
SAVOY, Ill. (WCIA) — New literacy grant applications are now open in Champaign County, and organizers hope the grants will increase access to books and ultimately improve literacy rates. The reality is, some test scores show many students across Central Illinois are struggling to meet English Language Arts (ELA) expectations. The United Way of Champaign County Women United group wanted to make a change, raise money at this year's 'Power of the Purse' event, and started to write a grant based on the nearly $140,000 raised. They looked at data from third graders from the Illinois State Board of Education report card. In Champaign, 38.9% of third graders did not meet ELA expectations. In Urbana, that number is 63.7%, and in Rantoul, almost 65%. 'That's something that can have a profound effect on communities,' Cynthia Bruno, the Women United chair, said. 'When we think forward to what kind of community we want to live in, and ensuring our children receive a rigorous education, being able to help them with that is of the utmost importance.' United Way of Champaign Co. helps fill the gap for families in need of diapers She and others hope the new grant for Champaign County teachers and non-profit leaders makes a difference. $50,000 will be divided among some applicants, and you can get between $1,000 and $10,000 for the work done. But that's not all. Some of the money will also help bring books directly to families' front doors with Dolly Parton's Imagination Library. 'Dolly Parton's Imagination Library provides the books, but they're not free,' Beverley Baker explained. 'They have to be paid for. The funds that we raise for the library go directly to purchasing those books. It costs about $27 per year for one child.' She has seen the power of the program in the past and is optimistic about seeing how empowering students with books can make a difference in the future. 'As we reach more and more households with children under age five, we hope to see the kindergarten readiness skills and benchmarks begin to improve, and we hope to see that children are progressing on grade level,' Baker added. 'We know that having books in the home is one significant way we can help that.' You can apply for the grant up until July 1st. Parents interested in participating in Dolly Parton's Imagination Library can find more details at this link. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
05-05-2025
- Business
- Yahoo
Best Learning Games For Kids (2025): Prodigy Recognized as Top Educational Game For Kids by Expert Consumers
Expert Consumers has identified Prodigy as a top educational game for children in 2025 NEW YORK CITY, May 05, 2025 (GLOBE NEWSWIRE) -- Expert Consumers has identified Prodigy as a top educational game for children in 2025. This recognition reflects the platform's evidence-based learning model, broad curriculum alignment, and its unique ability to combine game-based engagement with educational outcomes across both math and English Language Arts (ELA). Top Learning Game for Kids Prodigy - a game-based learning platform that helps students in grades 1 to 8 build math and English skills through engaging, curriculum-aligned content Developed by Prodigy Education, Prodigy delivers standards-aligned content through an adaptive, gamified experience designed to foster learning in students from grades 1 to 8. The game's success is grounded in its mission: 'To help every student in the world love learning,' a commitment backed by an in-house team of educators, researchers, and technologists. With over 100 million registered users, Prodigy has grown into a global learning platform that offers both math and ELA curriculum - each developed to meet rigorous academic standards. 'At a time when parents and educators are increasingly looking for tools that are both academically effective and engaging for children, Prodigy has struck a rare balance,' said Drew Thomas, a spokesperson for Expert Consumers. 'The platform's adaptive technology ensures students receive content tailored to their individual skill levels, while the game mechanics motivate consistent participation without relying on advertisements or pay-to-win models.' Curriculum-Aligned Learning Backed by Research Prodigy Math is aligned with multiple national and regional standards including Common Core, Texas Essential Knowledge and Skills (TEKS), and Ontario Curriculum, among others. Through its adaptive algorithm, the platform personalizes math questions in real time, providing the right level of challenge for each learner. According to research published by Prodigy Education, regular use of the platform is linked to measurable gains in math performance. In particular, students who answered at least 30 curriculum-aligned questions per week demonstrated significantly greater improvement compared to peers with minimal engagement. Prodigy English, launched more recently, brings a similar adaptive learning experience to language arts. Targeted for students in grades 1 to 6, the game helps learners strengthen grammar, reading comprehension, and vocabulary skills through gameplay rooted in storytelling and world-building. The curriculum is aligned with standards such as the Common Core and TEKS, ensuring that activities reflect classroom expectations. Both games employ a student-centered learning model and are free to access, with optional memberships that offer cosmetic rewards rather than academic advantages. This model supports equity by making educational resources widely available without creating performance disparities. Designed for Engagement and Accessibility One of the key differentiators noted by Expert Consumers is Prodigy's capacity to foster intrinsic motivation. Rather than relying solely on external incentives, the game's design encourages students to engage with academic content voluntarily. In-game rewards, character customization, and narrative progression are all tied to learning outcomes, turning classroom-aligned questions into key elements of game progression. Teachers can create classroom accounts and assign curriculum-aligned content directly through the platform. Meanwhile, parents receive insights into their child's progress and learning habits through a separate dashboard. This three-tiered ecosystem - student, teacher, and parent - supports a full-circle approach to learning. In terms of privacy and accessibility, Prodigy is compliant with leading data protection regulations such as COPPA and FERPA, and it has also earned the Common Sense Privacy Seal for its commitment to protecting student data. The platform is browser-based and mobile-friendly, ensuring accessibility across devices without requiring costly hardware or software. Broader Implications for Learning Technology Prodigy's growth coincides with larger trends in education, where gamification and adaptive learning are increasingly seen as critical tools for engagement and differentiation. As classrooms become more diverse in learning needs and technological access, platforms like Prodigy offer scalable solutions that maintain both academic rigor and student motivation. Click here to explore Prodigy's features and offerings. For the full review, please visit the Expert Consumers website. About Prodigy Prodigy Education is an educational technology company committed to making learning engaging and accessible for every student. Founded with the mission 'to help every student in the world love learning,' Prodigy combines curriculum-aligned academic content with game-based experiences to support students in grades 1 to 8. The company offers two core platforms - Prodigy Math and Prodigy English - each designed to adapt to individual learning levels while aligning with standards such as Common Core and TEKS. Used by over 100 million students, parents, and educators worldwide, Prodigy provides a free-to-access model supported by optional memberships that enhance gameplay without affecting academic progress. With a strong emphasis on educational research, student privacy, and accessibility, Prodigy continues to lead in developing digital tools that inspire lifelong learning. About Expert Consumers: Expert Consumers provides news and reviews of consumer products and services. As an affiliate, Expert Consumers may earn commissions from sales generated using links provided. CONTACT: Drew Thomas (press@ in to access your portfolio
