Regulations
Hyderabad office will oversee regulatory affairs in AP, Telengana: SEBI

The role and responsibility of Hyderabad office of Sebi "shall extend to the areas falling under the territorial jurisdiction of the state of Telangana and state of Andhra Pradesh"

Market watchdog SEBI said its local office in Hyderabad will oversee the regulatory affairs in Andhra Pradesh as well as the newly created state of Telangana.

 

"Consequent upon the formation of the state of Telangana, the local office so established (Hyderabad) shall continue to look after the regulatory aspects of investor protection, facilitating redressal of investor grievances, financial and investor education and such other functions as may be assigned from time to time..," SEBI said in a notification.

 

According to SEBI, the role and responsibility of Hyderabad office "shall extend to the areas falling under the territorial jurisdiction of the state of Telangana and state of Andhra Pradesh".

 

The Mumbai-based Sebi had established a local office at Hyderabad last year as part of its efforts to decentralise its functions.

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Pessimism on the Sensex, Nifty continues – Thursday closing report

A further short decline in Nifty may be on the cards

While the US indices and other Asian indices closed in the positive, the indices back home closed in the negative. Sensex opened at 25,218 and moved lower to 25,021 after hitting a high at 25,309 and closed at 25,063 (down 251 points or 0.99%). Nifty opened at 7,554 and hit a high at 7,570 from where it moved to the level of 7,481 and closed at 7,493 (down 76 points or 1.00%). The NSE recorded a volume of 109.57 crore shares. India VIX fell 3.33% to close at 17.7025.

Among the other indices on the NSE, the only gainers were Media (1.84%), Pharma (0.38%), Auto (0.07%) and MNC (0.04%). The top five losers were Energy (3.36%), CPSE (3.30%), PSE (2.76%), Realty (2.5%) and Commodities (1.99%).

Of the 50 stocks in the Nifty, 15 ended in the green. The top five gainers were Wipro (1.69%), Tech Mahindra (1.53%), L&T (1.21%), HCL Technologies (1.13%) and Dr Reddy (1.12%). The top five losers were ONGC (5.28%), DLF (3.31%), Reliance Industries (3.16%), NTPC (2.65%) and United Spirits (2.51%).

Of the 1,576 companies on the NSE, 673 companies closed in the green, 854 closed in the red, while 49 companies closed flat.

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday deferred a decision on the revision of natural gas prices by three months.  The government said that comprehensive discussions are necessary on the issue of natural gas pricing and the gas pricing guidelines. The government said that consultations will be held with all stakeholders and public interest will be kept in mind.

Oil Minister Dharmendra Pradhan reportedly said on Wednesday that there is no proposal to raise kerosene or LPG prices.

The government announced extension of concessional excise duty on automobiles, capital goods and consumer durables by six months up to 31 December 2014. Congress led United Progressive Alliance (UPA) government, in the Interim Budget for 2014-15 in February this year, had reduced excise duty on small cars, two wheelers, scooters and commercial vehicles to 8% from 12%. Excise duty on sports utility vehicles (SUVs) was cut to 24% from 30% and that on mid-sized and large cars was cut to 24/20% from 27/24%. At that time, the reduction is excise duty was restricted till 30 June 2014 as an interim relief measure for the auto sector.

The move of the CCEA affected gas utility stocks, which pushed down ONGC (5.89%), which was also the top loser in the ‘A’ group on the BSE and the top loser among the Sensex 30 stocks.

Emami (3.67%), among the top four gainers in the ‘A’ group on the BSE, recently entered into an agreement with M/s. Royal Hygiene Care Pvt. Ltd., Mumbai for acquisition of its brand “She Comfort” a quality brand of sanitary napkin products.

US indices closed in the positive on Wednesday.

A report showed that US gross domestic product shrank 2.9% in the first quarter, the worst reading since 2009 – due to extreme winter conditions.

Orders for business equipment climbed in May, a sign that corporate investment is helping revive the economy after slumping at the start of the year.

All the Asian indices closed in the positive. Hang Seng (1.45%) was the top gainer.

European indices were trading flat with positive bias while US Futures were trading flat with negative bias.

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Education sector's link to black money

Speculations are that a big part of this money goes to politicians and bureaucracy as a large number of institutes are owned, controlled and managed by politicians and business houses

There was a time, not long ago, when education was a noble profession. Creating a school or college was a pious act. There was neither capitation fee, nor donations, nor back-breaking fees. A pupil taking private tuitions was considered as a failure of teacher.

But, today education has become big business. Following is standard norm of upfront payment also called donation or capitation fee, at various stages of education –

  1. Play Group / Pre-KG – Rs. 36000-60000 per year

  2. Junior KG – Donation in range of Rs. 30000-5 Lakhs with fee in the range of 2000-10000 per month.

  3. 11th - Donation in range of Rs. 2-5 Lakhs. Fee excluded

  4. Under graduation admission (Fee excluded) –

    1. Medical (MBBS) – Rs. 30-60 Lakhs as donation

    2. Medical (BAMS and others) – Rs. 3-8 Lakhs as donation

    3. Engineering – Rs. 2-6 Lakhs as donation

    4. Management (BMS) – Rs. 2-10 Lakhs as donation

  5. PG Admission (Fee excluded) –

    1. Medical - Rs. 1-4 crores as donation

    2. Management – Rs. 10-20 Lakhs as donation

Cost to Society
 

Let us try to calculate the total cost of the above donations to the society.

 

1. At kids admission stage –

The phenomenon of donation at kid’s admission stage is prevalent in cities (Metro / Urban areas). Parents, who can afford or manage somehow, want to admit their children to so-called convent or English medium or higher quality schools. The shortage of these types of educational institutions compared to demand, screates a skewed equation in favour of the institutes.
 

India's population is about 125 crores. Birth rate is 20.24 (after providing infant mortality rate of 50/1000 births) per 1000 in 2013. This means addition of 2.5 crores of children per year.
 

About 30% population in India lives is Metro/Urban areas. This means 75 lakh babies per year in metro / urban centers. An estimated 80% of the population of metro / urban centers is less-than middle class and BPL families. Their children go to municipal or government aided schools, where this menace of donation does not exist. This donation / capitation fee is prevalent in metro and urban areas among financially middle class and higher income families, which form about 20% of population.
 

This 20% urban kid’s population means 15 lakh babies per year. The going donation rate in Mumbai is Rs30000 to Rs5 Lakhs. In Delhi NCR also, the rate is similar. If we take an estimated median as Rs1,00,000, the amount of donation comes to Rs15000 crores per year. Almost all of this money is unaccounted or black money.
 

These figures look big, but on revalidating assumptions, They may even turn out to be on the conservative side.

 

2. Admission to 11th, after passing 10th

A college of choice costs Rs2-5 lakh. In Mumbai Metro Region (MMR), there are 172,000 seats. Most get alloted as per the merit list. There is some management discretion though, it is said that about 15% seats are allotted either to less than cut-off marks or where students want a specific college, which is out of the management/minority quota. In this way about 25000 seats are allotted with payment of capitation fee or unaccounted donation. The going rate is between Rs2 lakh and Rs5 lakh, depending upon the college. If we take the lower figure of Rs2 lakh, for 25,000 students the amount is Rs500 crore. This is only in MMR. If the same is mapped to only urban areas, which has 20 times the population of MMR, the amount becomes Rs10,000 crore per year.
 

3. Admission to Under graduation courses –

Medical (only MBBS) – There are about 50,000 seats all over India. About 60% are filled through various entrance exams like CET etc. 40% of the seats are filled by management quote (called MQ) and NRI quota. This is done all over India in over 300 medical colleges. At the average rate of Rs. 45 lakhs per seat, the unaccounted money in the form of capitation fee for 20000 students becomes Rs. 9000 crores per year. This is only for MBBS. There are other courses, where capitation fees at lower amounts are prevalent.

These are: MD/ MS, BDS, MDS, BHMS, BAMS, BPT, MPT, D Pharm, B Pharm, M Pharm, B.Sc, PBC, GNM, M.Sc (Nursing). It is difficult to estimate the number of eats in these courses, but the capitation/management quota fees vary from Rs3 lakh to Rs8 lakh.
 

Engineering – There are 14.73 lakh engineering seats in over 3,345 engineering colleges in India. AP has 3.40 lakhs, TN has 2.36 lakhs, Maharashtra has 1.46 lakhs and UP has 1.36 lakh seats. About 10% go unfilled. About 20-25% seats are filled with management and NRI quotas at a rate of Rs2 lakh to Rs6 lakh, depending upon state, location and reputation of college. If we take a conservative average of Rs3 lakh / seat for over 3 lakh seats, the amount of capitation fee comes out to Rs9,000 crore per year.

 

Management (undergraduate level, BMS/BBA) – There are approx 1,50,000 BMS / BBA seats in India. About 20% are allowed for Management Quota and NRI quota. These seats are sold for Rs2 lakh to Rs10 lakh each. Thus, for 30000 seats at a minimum rate of Rs2 lakh per seat, the money generated is Rs600 crore.
 

4. Admission to professional PG courses –

Medical (MD /MS) – Total 11,000 seats are available in 300+ medical colleges. 50% (5,544 for 2014) are reserved for All India Quota (AIPGMEE). 25% for state quota and rest are Management and other Quota. About 2,800 seats are sold in the range between Rs1 crore and Rs4 crore. It is an open secret that seats of the state quota are also sold by political interests. Let us just consider these 2,800 seats. Even at a minimum of Rs1 crore, the total unaccounted money is Rs2,800 crores.

 

Management (MBA/PGBDM/etc.) – There are about 2,00,000 MBA seats offered by over 2,000 colleges in India. About 80% of these seats are from not so popular colleges and most of the students are unemployable after the course or the seats go vacant. Still, a fee of Rs2-3 lakh per year is charged. Out of the remaining 40,000 seats, 50% are offered by IIMs and other sarkari or comparable institutes, where there is no donation but the fee is high. The balance 20,000 seats are sold for Rs8-20 lakh. The director of one institute was raided thrice and every time money was recovered, but in a few days, the activity resumed again. This generates about Rs2000 crores even at a rate of Rs10 lakhs per seat.
 

The total sum calculated till now, only for capitation fee or donation per year becomes –

 

Stage of education

Rs

Junior KG

15000 crores

11th

10000 crores

MBBS

9000 crores

BE / BTech

9000 crores

BMS / BBA

600 crores

PG - Medical

2800 crores

PG – Management

2000 crores

Total of above

48400 crores

 

This is equal to approximately 0.8% of Indian GDP and 73.5% of the total budget allocation to HRD ministry for 2013-14. Total budget for HRD ministry for 2013-14 was Rs65,867 crore.
 

There are other courses like education, para-medical, hotel management, etc. where capitation fee is charged, which are not considered above.

 

Where does this money go?
 

Nobody officially knows where this money goes. In fact, officially this money does not even exist. This money is what is usually termed, Black Money. Speculations are that a big part of this money goes to politicians and bureaucracy as a large number of institutes are owned, controlled and managed by politicians and business houses. Discreet enquiries reveal that a part of this money may be stashed away abroad, a part may be used for elections, some part may be used to fund and sustain real estate activities.

 

In the next part of this two part study on the ills and effects of black money, we will see the effects this black money has on Indian society and economy.

You may also want to read...
 

 

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COMMENTS

Gopalakrishnan T V

2 years ago

Education is stated to be the best form of wealth one can acquire or one can provide. But unfortunately corruption and black money play the spoilsport in our educational system. The reason is not far to seek. Our successive Governments have miserably failed to spread education and for reasons best known to all the Governments have made the education system to spin black money and generate wealth adopting all unethical practices and keeping the country undeveloped and the people incapable of thinking independently. Illiteracy and poverty are allowed to persist side by side keeping the education not affordable to vast majority. Both educational system and Judicial system are corrupt indicating the backwardness of the nation. The result is poor remain poor for ever and the gap between rich and poor widens day by day.

Dinesh Agarwal

3 years ago

Not all private medical college seats are filled through CETs. Many pvt medical colleges are now universities or they constitute federations and conduct their own entrance tests which are already fixed. So almost all seats in these medical colleges are " sold" to the highest bidders.

Harkishin B C

3 years ago

Education sector's link to black money.
Many thanks for the Article.
It should be PUBLISHED REPEADEDLY till the governmet takes action on them.
Education Licence should be given easily, so that there should be plenty Educational Schools & Colleges etc so that the demand for bribe is not there.
Harkishin B C(Taiwan)
[email protected]

Abhijit Gosavi

3 years ago

Excellent analysis! The figures are alarming. Unfortunately, most private colleges in India, which now exist in the thousands, deliver sub-standard education and cheat students (and parents who spend hard-earned money). As someone in the field of education, this makes me cringe. It's a huge scam. The govt. needs to invest much more in higher education.

Private institutes affiliated to prominent universities, e.g., Bombay University and University of Pune, have been able to maintain an acceptable standard. Their examinations are conducted by the university to which they are affiliated. But, obviously, like everywhere else, one needs honest administrators and professors for these institutes to perform well. Kya acche din yaha bhi ayenge?


Joseph Korah

3 years ago

It is indeed a shame that the Education Sector is generating this huge amount of Black Money which is known to everyone and it is totally being ignored by the Regulatory Authorities. As a result many deserving students are unable to pursue the career of their choice. Must appreciate the Money Life Foundation for publishing such articles so that more awareness is created in the minds of the public.

REPLY

Dayananda Kamath k

In Reply to Joseph Korah 3 years ago

you have to understand that it is making everyone to generate black money to feed the sector. in peoples represntative act an amendment should be made so that all those connected to educational trust should be barred from becoming legislators.

DrAshok Kumar Tiwari

3 years ago

केवल पैसे अधिक लेते हैं - यही समस्या नहीं है - बच्चों के मन देश-समाज के प्रति गलत भाव भी पैदा करते हैं देखिए :‌--

के.डी.अम्बानी बिद्या मंदिर रिलायंस जामनगर (गुजरात) के प्रिंसिपल अक्सर माइक पर बच्चों तथा स्टाफ के सामने कहते रहते हैं :- “ पाँव छूना गुलामी की निशानी है, माता-पिता यदि आपको डाट-डपट करें तो आप पुलिस में शिकायत कर सकते हो, गांधी जी पुराने हो गए उनको छोड़ो फेसबुक को अपनाओ, पीछे खड़े शिक्षक-शिक्षिकाएँ आपके रोल मॉडल बनने के लायक नहीं हैं ये अपनी बड़ी-बड़ी डिग्रियाँ खरीद कर लाए हैं, 14 सितम्बर 2010 (हिंदी दिवस) के दिन जब इन्हें आशीर्वाद के शब्द कहने को बुलाया गया तो इन्होंने सभी के सामने माइक पर कहा ‘कौन बोलता है हिंदी राष्ट्रभाषा है बच्चों हिंदी टीचर आपको गलत पढ़ाते हैं’ इतना कहकर जैसे ही वे पीछे मुड़े स्टेज पर ऑर्केस्ट्रा टीम के एक बच्चे शोभित ने उनसे पूछ ही लिया – ’आप के अनुसार यदि हिन्दी राष्ट्रभाषा नहीं है तो राष्ट्रभाषा क्या है’, जिसका जवाब प्रिंसिपल सुंदरमके पास नहीं था।

भारत देश में यदि भारतीय संस्कृति तथा राष्ट्रभाषा के बारे में बच्चों के मन में ऐसी धारणा भरी जाएगी तो क्या ये उचित होगा वो भी पाकिस्तान से सटे सीमावर्ती इलाके में ?..... पाकिस्तान से सटे इस इलाके का स्त्रात्जिक महत्व भी है। बच्चों के मन में ऐसी गलत धारणाएँ डालकर प्रिंसिपल सुंदरम दुश्मनों की मदद कर रहे हैं ।

Anil Agashe

3 years ago

Education is big business. Educational institutes have got prime land at very low rates. The quality does not matter at all.
The fascination for some top colleges among students and the indulgent parents' willingness to pay capitation fees makes it easy for managements to collect money. There are waiting lists for some colleges for years in advance!

REPLY

Yerram Raju Behara

In Reply to Anil Agashe 3 years ago

It is not capitation fees alone or management quota seats even!! The big bonanza in some States is the fee waiver for professional education pursuit up to Rs.30000 nearly. When the Government delayed its release for more than six months, 75% of colleges did not pay salaries to the teachers. Most of the management education institutions lack basic infrastructure for education but has huge real estate at their disposal and they would spend money rather throw money to get their accreditation at the hands of AICTE. Most in such States survive and pretend growing at the behest of Governments that refuse to see and audit.

DrAshok Kumar Tiwari

3 years ago

समरथ को नहिं दोष गुंसाईं - - - आज हमारे इलाके में 157 लोगों ने सामूहिक रूप से प्रतिज्ञा की है कि रिलायंस के हर प्रोडक्ट का बहिष्कार करेंगे और अपने रिलायंस सिम को तोड़कर फेक दिया है क्या आप भी ऐसा करेंगे :- - - ------- - --- - - - - पाकिस्तानी बॉर्डर पर जहाँ स्कूल प्रिंसिपल बच्चों को माइक पर सिखाते हैं ‌-" हिंदी राष्ट्रभाषा नहीं है, बड़ों के पाँव छूना गुलामी की निशानी है…………” रिलायंस जैसे लुटेरों के खिलाफ खड़े हो जाओ - - - रिलायंस देश को लूट रही है - हर देश भक्त को रिलायंस तथा उनके प्रोडक्ट का पूरी तरह बॉयकॉट करना चाहिए -- बिल्कुल सच कहा आपने गुजरात में अम्बानियों की कम्पनी रिलायंस के अधिकारियों ने क्रूरता की वो मिसाल कायम की है कि नादिरशाह और चंगेजखान भी पीछे छूट गए हैं - फिर भी कुछ अंधभक्त जब इनका समर्थन करते हैं तो लगता है जयचंद मरे नहीं हैं - - - मैंने भी हाईकोर्ट में केस किया था - जिस स्कूल के डिसिपिलिनरी कमेटी को मैंने दर्जनों पत्र लिखे थे और उनकी कॉपियाँ भी फाइल में थीं - - फिर भी केस इस आधार पर कैंसिल कर दिया गया कि इन्हें डिसिपिलिनरी कमेटी को लिखना चाहिए हाईकोर्ट में नहीं आना चाहिए - वकील साहब ने फाइल वापस भिजवा दी मेरे 30 हजार रुपए चले गए ! सुप्रीम कोर्ट में केस ले जाना चाहे-- 20 हजार खर्च हुआ वहाँ भी ले जाने की अनुमति नहीं मिली कि जहां का ममला है केस वहीं चलेगा ! इसी चक्कर में बदनाम होकर कहीं अच्छी नौकरी भी नहीं मिल रही है - - - इसीलिए लोग केस से डरते हैं क्योंकि सब मिले हुए हैं - गरीब जाए तो कहाँ जाए ? यहाँ तो ऊपर से नीचे तक दलाल बैठे हैं यदि आप को किसी कम्पनी में समस्याएँ हैं - वहाँ से तुरंत निकाल देंगे क्योंकि सब इनकी जेब में रहते हैं - - पता नहीं कहाँ से हमदर्द बनकर कुछ लोग आएँगे आपसे कोर्ट में केस कराकर दलाल वकील को पैसे दिला देंगे - कुछ समय बाद पैसा गायब एडवोकेट विजय देसाई ने मुझसे भी 30 ह्जार रुपए खा लिए --अब ये जज बनने जा रहे हैं - भगवान बचाए - जहाँ ऐसे जज होंगे - - फिर कुछ हमदर्द बनकर दलाल पंडितों के पास और ऐसे इतना भटकाएँगे जबतक आपके घरके बरतन और परिवार के गहने तक न बिक जाएँ और इन सबमें आपको निकालने वाले कम्पनी के एच.आर.हेड. तक को भी बराबर कमीशन जाता रहेगा - अरे बड़े घृणित हैं ये लोग जब एक गरीब व्यक्ति के प्रति षडयंत्र करके कम्पनी के बड़े-बड़े अधिकारी पैसे बनाते हैं और कहते हैं हम बड़े श्रेष्ठ हैं व्यापार-विकास में सबसे आगे हैं - थू इससे अच्छा तो ये गिरे अधिकारी भिक्षा माँगे रेलवे स्टेशनों पर- - - - पर इनका विनाश अब निश्चित है - जय हिंद ! जय हिंदी !

nginx

3 years ago

I can understand the anger and sentiments of the Indians posting here after reading this article. Such deep rooted corruption which has systematically ruined our society and country over the years to irreparable levels is indeed sickening.

But we as citizens of the country also have to dig deep and try to analyze why this is happening. Once again, the root cause of all this is overpopulation and what we are seeing is nothing but the age old market rule of supply & demand at work. There are too many children in need of education and too few seats and hence money becomes the deciding factor in admission. Those who pay more gets to eat their cake.

Early on in the article itself is the mention of 2.5 crores of babies being born every year. This is a jaw dropping figure and yet not person mentioned anything about it. Until and unless we take responsibility ourselves and put our hand up to control the growth of population, nothing will change.

As Gandhi once famously said, 'Be the change you wish to see in this world'. Most people in India do not have the foresight to look beyond the horizon. We are so selfish that we can't think of anything else other than our own wellbeing. Hence the reason why people marry and keep popping out babies despite the fact that crores of orphans are ready to be adopted.

We are seeing the effects of overpopulation everyday. Very high unemployment rate, incessant overcrowding in public transport, especially in local trains and buses. We curse the government and everyone else but ourselves. For once, please look at yourself. If you have more than kid, you are also part of the problem and are to blame.

At the end of the day, we can only blame ourselves for the corruption and rot that we see in sphere of life in India today.

REPLY

Yerram Raju Behara

In Reply to nginx 3 years ago

Try to find solution where the problem exists and not elsewhere. Corruption is endemic and can be resolved over a period of time unless there is some magic wand.
Yesteryears I admit the argument that population growth is menacing and destructive to the rest of the areas of the economy. Today, the rate of growth of population has come down and most have two children and high pay that can afford the donations in education institutions from primary to the higher and these sections are not concerned about the lot of their poorer cousins who just cannot afford the luxury. The ills are perpetrated by government intransigence and it has to be purged there.

Yerram Raju Behara

3 years ago

This should be an eye opener for those who have eyes to see and ears to hear. There has been a systematic effort to promote private sector in education. If the Government schools and government colleges had been kept in good maintenance with good teachers and state of the art technology and cleanliness around things would not have come to this pass. The politicians, more particularly, ministers and chairperson of corporations and bureaucrats, admitted their children only in private up-end schools - called PUBLIC SCHOOLS - and several of them were also on the management boards of such institutions with some namesake grants just to ornate the Boards.
At the higher education level, particularly, the Universities, positions of Vice Chancellors that used to be on absolute merit, now get decided by a panel sent by the Government and this is infested with considerations of caste, seniority etc., rather than the stature of the person to hold this beacon post that should throw light and leadership in higher education. Purging this sector would be more difficult than cleaning the Ganges. Hope the present Government would devote adequate budgetary resources and promote education that carries cultural values and discipline. Had the Secretaries and other bureaucrats of Government sent their children to the Government schools, they would have ensured that the schools would have better up keep!! This could be the first thing to do. But how?

DrAshok Kumar Tiwari

3 years ago

आज हमारे इलाके में 157 लोगों ने सामूहिक रूप से प्रतिज्ञा की है कि रिलायंस के हर प्रोडक्ट का बहिष्कार करेंगे और अपने रिलायंस सिम को तोड़कर फेक दिया है क्या आप भी ऐसा करेंगे :- - - ------- - --- - - - - पाकिस्तानी बॉर्डर पर गुजरात में जहाँ रिलायंस स्कूल के प्रिंसिपल बच्चों को माइक पर सिखाते हैं ‌-" हिंदी राष्ट्रभाषा नहीं है, बड़ों के पाँव छूना गुलामी की निशानी है…………”रिलायंस जैसे लुटेरों के खिलाफ खड़े हो जाओ - - - रिलायंस देश को लूट रही है - हर देश भक्त को रिलायंस तथा उनके प्रोडक्ट का पूरी तरह बॉयकॉट करना चाहिए -- बिल्कुल सच कहा आपने गुजरात में अम्बानियों की कम्पनी रिलायंस के अधिकारियों ने क्रूरता की वो मिसाल कायम की है कि नादिरशाह और चंगेजखान भी पीछे छूट गए हैं - फिर भी कुछ अंधभक्त जब इनका समर्थन करते हैं तो लगता है जयचंद मरे नहीं हैं - - - मैंने भी हाईकोर्ट में केस किया था - जिस स्कूल के डिसिपिलिनरी कमेटी को मैंने दर्जनों पत्र लिखे थे और उनकी कॉपियाँ भी फाइल में थीं - - फिर भी केस इस आधार पर कैंसिल कर दिया गया कि इन्हें डिसिपिलिनरी कमेटी को लिखना चाहिए हाईकोर्ट में नहीं आना चाहिए - वकील साहब ने फाइल वापस भिजवा दी मेरे 30 हजार रुपए चले गए ! सुप्रीम कोर्ट में केस ले जाना चाहे-- 20 हजार खर्च हुआ वहाँ भी ले जाने की अनुमति नहीं मिली कि जहां का ममला है केस वहीं चलेगा ! इसी चक्कर में बदनाम होकर कहीं अच्छी नौकरी भी नहीं मिल रही है - - - इसीलिए लोग केस से डरते हैं क्योंकि सब मिले हुए हैं - गरीब जाए तो कहाँ जाए ? यहाँ तो ऊपर से नीचे तक दलाल बैठे हैं यदि आप को किसी कम्पनी में समस्याएँ हैं - वहाँ से तुरंत निकाल देंगे क्योंकि सब इनकी जेब में रहते हैं - - पता नहीं कहाँ से हमदर्द बनकर कुछ लोग आएँगे आपसे कोर्ट में केस कराकर दलाल वकील को पैसे दिला देंगे - कुछ समय बाद पैसा गायब एडवोकेट विजय देसाई ने मुझसे भी 30 ह्जार रुपए खा लिए --अब ये जज बनने जा रहे हैं - भगवान बचाए - जहाँ ऐसे जज होंगे - - फिर कुछ हमदर्द बनकर दलाल पंडितों के पास और ऐसे इतना भटकाएँगे जबतक आपके घरके बरतन और परिवार के गहने तक न बिक जाएँ और इन सबमें आपको निकालने वाले कम्पनी के एच.आर.हेड. तक को भी बराबर कमीशन जाता रहेगा - अरे बड़े घृणित हैं ये लोग जब एक गरीब व्यक्ति के प्रति षडयंत्र करके कम्पनी के बड़े-बड़े अधिकारी पैसे बनाते हैं और कहते हैं हम बड़े श्रेष्ठ हैं व्यापार-विकास में सबसे आगे हैं - थू इससे अच्छा तो ये गिरे अधिकारी भिक्षा माँगे रेलवे स्टेशनों पर- - - - पर इनका विनाश अब निश्चित है - जय हिंद ! जय हिंदी !

MOHAN

3 years ago

Entrance coaching is a money spinner.

Bombay High Court had on January 23, 2008

A Rs 150-cr money spinner called private coaching
(150 Cr in 2008 - in Maharashtra alone!)

http://expressindia.indianexpress.com/st...





Paul dmello

3 years ago

I think only those who are bachelors be given permission to open up education institutes. At least their greed will be limited. Our India is a crazy country where there is corruption in every field.
God save us all

Deepak Mahulkar

3 years ago

The figures are all frightening. the private collages in Maharashtra and also probably Karnataka came up during congress regime and most of them are owned by congress politicians.Why cannot government encourage big groups like Tata, Birla, Infosys, Wipro to set up good technical and other institutes and impart good education at a reasonable cost? At least the students will get education from the teachers in the field, will learn those subjects which are relevant. The government can allot land and other facilities are reasonable cost and also give concession in taxes to partly compensate for their investment.

jaideep shirali

3 years ago

I feel the money and land to set up and run these businesses comes from the tax payer. It does not seem coincidental that politicians run huge cooperatives, these cooperatives suffer losses and are repeatedly bailed out by the taxpayer. The bailout may provide the capital for these ever expanding education empires. Couple these with the power to gift one's lobbies land at throw away prices. But, obviously, there will not be a will to tackle this issue.

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