The impact of economic reforms has been that rich people have become richer and poor people poorer

  In 1991, when the foreign exchange reserves had reduced to such an extent that India could barely finance three weeks’ worth of imports. Economic reforms were introduced in Indian economy. Before 1991, India was closed for foreign companies. It was a period very much known as License Raj. During this period, up to 80 agencies had to be satisfied before a firm could be granted a license to produce and the state would decide what was…

Should FDI be Allowed in Higher Education

…me private universities have started operations in India. But, most of them are not giving the quality, they are for money making. In the recent years, many of the new private institutions have opened in India. But, most of them are for engineering and B-schools. The scenario is this that India is producing almost 750,000 engineers and 100,000 MBA graduates every year. But, if we see the skill in this army of graduates only 20-30% of them are doi…

Management Education is only for the Rich

…o start their career at less than Rs. 20,000 if they can get starting salary more than Rs. 50,000? The only hope for the lower middle class or poor student is bank loan. But, there are a lot of requirements for the banks for giving a loan. Other than for the case of meritorious students seeking loan for prestigious institutes, banks ask for an account in their bank, active for at least past six months. Plus, one needs to submit an insurance polic…

Role of Coachings in IIT JEE selection

…eat results year after year. BT and Bansal are old very institutes. They started and develop the coaching system for IIT JEE. One more name come in the list, Agrawal Classes. These institute since 80’s are teaching for IIT JEE. They develop a study material on the basis of 10th syllabus which could help the student to grasp the concept needed in the IIT JEE exam. In the beginning there were not many names in the market. So, it was easy for…