India expands presence in global university rankings, but drops out of top 300
London, Sep 12: Indian universities have expanded their presence in the annual rankings of the leading global educational institutions from 49 to 56 but dropped out of the top 300 bracket in this year's 'Times Higher Education World University Rankings'.
India's top-ranked university, Bangalore's Indian Institute of Science (IISc) declined, marking the first time that India is not in top 300 since 2012 in the tally once again topped by the UK's University of Oxford.
IISc still ranks the highest for India but has dropped into the 301-350 bracket (from 251-300 cohort), due to what has been described as a significant fall in its citation impact score offsetting improvements in research environment, teaching environment and industry income.
"India has a huge amount of potential in global higher education, given its rapidly growing youth population and economy and use of English-language instruction. However, it is disappointing to see the country fall out of the top 300 of the rankings this year, with only a small number of institutions registering progress, said Ellie Bothwell, THE' rankings editor.
"The Indian government has strong ambitions to boost the global standing of its top universities and attract foreign students, academics and research collaboration. It now needs to back up these aspirations with high levels of investment or risk declining further amid increasing global competition, especially from other parts of Asia, she said on Wednesday.
Overall, 56 Indian universities feature in the table, up from 49 last year. As a result, India holds on to its place as the fifth most-represented nation in the world and the third most-represented in Asia, behind Japan and mainland China. It has eight more universities than Germany, which is sixth in the country ranking, but 25 fewer than China.
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Rupee falls 5 paise to 90.22 against US dollar in early trade
Mumbai (PTI): The rupee weakened by 5 paise to 90.22 against the US dollar in early trade on Tuesday, amid a strengthening American currency, higher crude oil prices and incessant outflow of foreign funds.
An unprecedented geopolitical concern and global trade uncertainties have accelerated the dollar demand worldwide, adding strength to the greenback and putting pressure on the Indian currency, analysts said.
At the interbank foreign exchange, the rupee opened at 90.24 and gained slightly to trade at 90.22 against the greenback in early deals, registering a loss of 5 paise from its previous closing level.
On Monday, the rupee ended 1 paisa higher at 90.17 against the US dollar.
Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, was trading 0.11 per cent higher at 98.73.
Brent crude, the global oil benchmark, was trading 0.28 per cent higher at USD 64.05 per barrel in futures trade.
Foreign institutional investors offloaded equities worth Rs 3,638.40 crore on Monday, according to exchange data.
On the domestic equity market front, the 30-share benchmark index Sensex rose 125.96 points or 0.15 per cent to 84,004.13, while the Nifty advanced 47.25 points or 0.18 per cent to 25,837.50.
Analysts attributed the buying trend in equities to the positive cues triggered by strong domestic macroeconomic numbers.
According to government data released on Monday, India's retail inflation rose to a three-month high of 1.33 per cent in December, mainly due to higher prices of food items, but remained below the Reserve Bank of India's lower tolerance level.
Also, the latest data from the Income Tax Department showed the government's net direct tax collection grew about 8.82 per cent to over Rs 18.38 lakh crore in the current fiscal till January 11 due to slower refunds and better corporate tax mop-up.
Net corporate tax collection grew 12.4 per cent to over Rs 8.63 lakh crore, and taxes from non-corporates, including individuals, rose 6.39 per cent to about Rs 9.30 lakh crore.
