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

…rises. This was the period which encouraged the corruption and red tape system in India. The annual growth rate for India during 1950 – 1980 was around 3.5 % compared to 9 % in 2009. During the national economic crisis of 1991, when India was on the verge of Bankrupt, Government of India decided to bring up several economic reforms. Then PM, Mr. Narshimha Rao, appointed Manmohan Singh as a special economic adviser to implement the reforms….

Should FDI be Allowed in Higher Education

…lic funded. Some of these institutions have been globally acclaimed. However, India has failed to produce world class universities like Harvard, Stanford, Oxford, Cambridge or MIT. The state of higher education is very bad in India. The education system in India is often criticised for being Rote Learning, rather than problem solving. The status of teaching in most of the public run colleges in India is ill. If we see the situation of colleges in…

Management Education is only for the Rich

…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 policy…