Previous

Page - 2

All those so-called business leaders who now head boards of IIMs and other institutes should take out and donate a part of their revenue to these institutes instead of blindly raising fees and causing wide-spread damage and inflation in the country.
It is highly irresponsible act. It is time to set up National Pricing Commission in education and an Independent Regulatory Authority for accreditation with law for compulsory registration of all educational institutes in India from middle schools to Ph.D. level (especially technical education) and treat the infringement as criminal offense and attachment of all assets.

Like any sunrise sector, a large number of industrial houses of past have jumped into education business as it is easy money, no risk investment, no credit needed to be given in market, and there is no perceptible ability of customers (students, parents and employers) to compare and value quality.

It is unfortunate that even employers don't have any idea about this and they blindly support some B-school and pay heavy salaries while leaving out lesser known but well-managed institutes that work hard to provide quality education and have good students available for employment. Employers must also do more research and patronize good schools by their own research. It will pay them well for this exercise. The mission of one and all should be to provide quality education at minimum non-profit basis and to create egalitarian system across the country, and not to hype-up only a few sub-standard institutes at cost of hidden large amount of talent all over the country.

The major problem with management education in India is almost foolish rules and laws governing these and interference of state governments in not allowing at least reasonable fees for quality education in the name of popular welfare measures and exploitation. It is counter-productive.

While a large number of institutes are busy looting and charging heavy fees showing external get-ups, impressive buildings, exaggerated claims, and an inactive and false list of dignitaries attached to institutes' board who in reality have nothing to do with these institutes, the universities are being paralyzed by interference and politics of 'babudom' and politicians.

Another major reason for this crisis is lack of leadership to these institutes because of outdated and beaten rules of requirements of Ph.D. work for Directors and Professors (which may suit general faculties in universities) whereas we all know about quality of Ph.D. type courses in India, which are no better than getting a graduation degree from any C-class university.

Next

* Contributed by -
Prof. R. K. Gupta,
B.E. (Honors), MBA FIE FIMA,
Senior Consultant & Professor of Management at Jodhpur,
Director, Sobhagya Consultancy & Marketing Services, India.