NAAC to launch AI-driven, peer-free accreditation system from August
New Delhi: In a major overhaul the National Assessment and Accreditation Council (NAAC) will introduce a new AI-powered accreditation system for higher education institutions across India starting August. "This is our uniquely developed method for validating data through stakeholder feedback. We follow a principle of trusting but verifying," NAAC Chairman Professor Anil Sahasrabudhe informed in a report published by NDTV.
Replacing its 30-year-old framework, the new system eliminates traditional peer visits for basic accreditation and introduces a binary result, institutions will either be ‘Accredited’ or ‘Not Accredited’. It is designed to streamline assessments using document-based verification, AI-generated stakeholder reviews and credibility scores.
Only institutions meeting the minimum eligibility criteria, 50% for universities, 45% for autonomous colleges and 40% for affiliated colleges, will be accredited. Physical peer visits will return only at advanced maturity levels (Levels 3 to 5) and even then, partially.
Currently, only 40% of Indian universities and 18% of colleges are accredited and this change aims to push this number beyond 90% within five years.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
