IIMA announces reservation in PhD admissions from 2025 as per 'govt guidelines'
Ahmedabad (PTI): The Indian Institute of Management Ahmedabad (IIMA) has announced that it will implement reservation in the PhD admissions from 2025 as per the "government guidelines".
There was no further elaboration from the premier business school on how the quota system will be implemented.
Notably, the IIMA informed the Gujarat High Court last year that it may implement reservation for the Scheduled Castes, Scheduled Tribes, Other Backward Classes (OBCs), as well as disabled candidates in doctoral programmes from 2025.
The institute was then replying to a Public Interest Litigation (PIL) filed in the HC in 2021 by Anil Wagde, a Global IIM Alumni Network member, who had sought the implementation of reservation in the institute's PhD programmes.
Through the PIL, Wagde had submitted that not providing reservation in the PhD amounted to violation of constitutional provisions, the Central Educational Institutions (Reservation in Admission) Act and the University Grants Commission's norms.
The announcement for the 'PhD admissions 2025' posted on the IIMA's website has mentioned that "Government of India guidelines for reservation are followed during admissions" - an indication of quota introduction from next year.
A representative of the IIMA's media department confirmed there was a similar mention about reservation in the admission announcement published in leading newspapers this month.
The last date to apply for the doctoral programme is January 20, 2025 and interviews are likely in March-April next year.
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SEBI must name 'big players' profiteering at expense of small traders in F&O trading: Rahul Gandhi
New Delhi, Sep 24: Congress leader Rahul Gandhi on Tuesday said 90 per cent of small investors have lost Rs 1.8 lakh crore in Futures and Option (F&O) trading in three years and asked the SEBI to reveal the names of the "so called big players" profiteering at their expense.
More than 91 per cent, or 73 lakh, individual traders lost money in the F&O segment in FY24 with an average net loss of Rs 1.2 lakh per person, a study conducted by markets regulator Securities and Exchange Board of India (SEBI) revealed on Monday.
Further, 93 per cent of over 1 crore individual F&O traders incurred average losses of about Rs 2 lakh per trader (inclusive of transaction costs) during the three years from FY22 to FY24. The aggregate losses of such traders exceeded Rs 1.8 lakh crore during the period.
Gandhi, who is the leader of the Opposition in the Lok Sabha, said on X, "Uncontrolled F&O trading has grown 45X in 5 years. 90% of small investors have lost ₹1.8 lakh Cr in 3 years."
"SEBI must reveal the names of the so called 'Big Players' making a killing at their expense," the former Congress chief said.
The study said in FY24 alone, individuals incurred about Rs 75,000 crore in net losses.
It found the top 3.5 per cent of loss-makers -- about 4 lakh traders -- faced an average loss of Rs 28 lakh per person over the same period, inclusive of transaction costs.
On the other hand, only 7.2 per cent of individual F&O traders made a profit over the period of three years and only 1 per cent of individual traders managed to earn profits exceeding Rs 1 lakh, after adjusting for transaction costs.
Moreover, the number of retail traders, or individual traders, has almost doubled in two years to about 96 lakh in FY24 from about 51 lakh in FY22.
Although such investors contributed about 30 per cent to the total turnover in FY24, they are a clear majority in number terms, as 99.8 per cent of total traders in the equity F&O segment are individuals.
"The availability of sophisticated trading platforms and lower transaction costs have enabled retail investors to actively trade in options and futures contracts, contributing to the surge in market liquidity," SEBI said.
The regulator said rapid growth in F&O trading activity has highlighted the need for investor education and risk management practices, as a significant proportion of retail traders continued to incur losses in the market.
Uncontrolled F&O trading has grown 45x in 5 years.
— Rahul Gandhi (@RahulGandhi) September 24, 2024
90% of small investors have lost ₹1.8 lakh Cr in 3 years.
SEBI must reveal the names of the so called “Big Players“ making a killing at their expense.
