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Monsoon session: Rajya Sabha passes Institute of Teaching and Research in Ayurveda Bill

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New Delhi, Sep 16: The Rajya Sabha on Wednesday passed the Institute of Teaching and Research in Ayurveda Bill, 2020. The institute will be declared an institution of national importance following the passage of the bill and will be instrumental for the promotion of quality and excellence in education, research and training in Ayurveda.

It can be seen that the bill seeks to merge three institutes into one integrated centre. It will be called the Institute of Teaching and Research in Ayurveda, which will be based in Jamnagar, Gujarat. It will be the first Ayurveda institution to be given the status of institution of national importance.

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While discussing the bill, Union health minister Dr Harsh Vardhan said, "The institution has been chosen in the most careful manner because it is the oldest Ayurveda centre created by the government way back in 1956. This is the number one institution that deserves this status."

The Institute of Post Graduate Teaching and Research in Ayurveda, Shree Gulabkunverba Ayurved Mahavidyalaya and the Indian Institute of Ayurvedic Pharmaceutical Sciences will be merged with the Jamnagar-based proposed institute.

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The proposed institute will be situated on the campus of Gujarat Ayurved University in Jamnagar.

"In the past 20 years, students have come from 65 countries to learn in this institution. It has got international recognition in several fields and has helped in the growing popularity of Ayurveda. It will set a precedent for other institutions that may also be included to the list in the near future," the minister added.

On Tuesday, Dr Harsh Vardhan had introduced the bill in Parliament on behalf of Ayush (Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy) minister Shripad Yesso Naik.

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Monsoon session: Rajya Sabha passes Institute of Teaching and Research in Ayurveda Bill

Julius Baer Eyes DOJ Payment In FIFA Matter, Plans Dividend
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Julius Baer Eyes DOJ Payment In FIFA Matter, Plans Dividend

Julius Baer Eyes DOJ Payment In FIFA Matter, Plans Dividend

Julius Baer may pay tens of millions of dollars to settle U.S. allegations over its role in soccer body FIFA's corruption affair, the Swiss bank said on Wednesday, adding it will ask shareholders in November to a back a second 2019 dividend tranche.

  • Last Updated: September 16, 2020, 12:30 PM IST

ZURICH: Julius Baer may pay tens of millions of dollars to settle U.S. allegations over its role in soccer body FIFA’s corruption affair, the Swiss bank said on Wednesday, adding it will ask shareholders in November to a back a second 2019 dividend tranche.

Baer is in what it described as “advanced” talks with the U.S. Department of Justice (DOJ) over the FIFA scandal, a holdover from the era of former Chief Executive Boris Collardi, who is now at Pictet, that has kept its lawyers busy for years.

Baer this year was reprimanded by Switzerland’s financial supervisor FINMA for ignoring money laundering risks of FIFA-linked payments, while an ex-banker was convicted in 2017 in U.S. District Court of conspiracy charges for arranging payments from a sports marketing executive to the Argentine soccer association’s president.

“Julius Baer has been cooperating since 2015 with the U.S. Department of Justice in its investigation of alleged money laundering and corruption involving officials and affiliates of FIFA and associated sports media and marketing companies,” Baer said in a statement.

“The bank is currently in advanced discussions with the DOJ about reaching a resolution in such matter, which may result in the payment of a double-digit million U.S. dollar amount.”

The bank said that planned to propose the distribution of the second part of its 2019 dividend at a Nov. 2 extraordinary shareholder meeting. Baer was among Swiss banks that proposed splitting its 1.50 francs per share dividend this year out of caution over the coronavirus’s impact on finances.

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