Re: [MTC Global] [Thought Provoking] Dear Smriti Irani, stop giving my money to IITians: Jeswanth Padooru

Dear Sir, It is in the society's interest to set up and run institutions of excellence.
The IITs have been set up for exactly that purpose. It is not the student who should be
forced to contribute even at the risk of a career. The IITs must be evaluated for
achieving the extent of the intended purpose. To produce world class engineers is only
one among the purposes. Another purpose is to set the standard of achievement for other
engineering colleges and a third purpose is to produce world class research and world
class researchers and teachers as also create an environment for entrepreneurial
ventures.
I am sure that the MHRD is doing this evaluation after assessing the goals attained by
the IITs. If funds are granted on this basis then it as it should be.

There are many other areas where good public money is squandered purely on emotional, and
political issues. We are all aware of the effects of nurturing vote banks and powerful
lobbies that seek to enrich themselves at public expense. We don't even say them for fear
of strong reactions of the interest groups. There ought to be transparancy in assessment
and fairness in providing funds.
Best Regards,
K.Paranjpe

On Sun, 29 Mar 2015 15:11:47 +0530 Surender Reddy Geedipalli wrote
>Dear MTCians,
I am equally wary of tax payers money going into the pockets of politicians and
unscrupulous businessmen. A lot of public money is also being siphoned off by private
engineering colleges by way of student scholarships provided by state governments. 
If Mr. Jeswanth Padooru';s logic is extended to every field, GOI should not do anything. 
Regards,Prof. G. Surender ReddyDirector, EDC, SNIST, Hyderabad
On Sun, Mar 29, 2015 at 12:17 PM, Dr.K.S.Chandrasekar wrote:
I sill feel it is the same with respect to Medical education in our country where the
student is subsidized heavily but in turn the services to the society is a pittance. The
government need to look into other streams like Social sciences, Arts and Humanities
where the subsidy needs to be transferred. Now with self financing stream catching up in
higher education including technology and medicine, MHRD now needs to concentrate on
primary and secondary education and bring more qualified 10+2 students to the Arts,
Humanities and Social science stream with scholarships. Every student who is in the top
10% percentile of the board be given free education in these streams to ensure there is
life beyond Engineering and Medicine. We are note here to subsidise eduction for the
benefit of MNCs and big corporates. As what the government now says, " Rich should shun
the subsidy for the gas cylinder", the same comes for every thing else....--
  >
Thanking
you                 
With warm regards
Sincerely yours
 പ്രൊഫ്‌. കെ.എസ്.ചന്ദ്രശേഖർ Dr.K.S.Chandrasekar   B.Pharm(Hons), MBA, Ph.D. (Mgmt),
D.Univ, CPET (ISB), MIMA
Professor and Director
School of Business Management and Legal studies
University of Kerala(കേരള സർവകലാശ)ല), Kariyavattom
Thiruvananthapuram 695581
® KRA A18, Chettikulangara, Thiruvananthapuram 695001
Phone: R: 0471 2476238, 04712412179 extn: 13, +919447268840



On Sun, Mar 29, 2015 at 10:05 AM, Muralidhar Prasad wrote:
Dear Professor,
You are absolutely right in your analysis and your claim as well put up.
But let me also know from your analysis , whether a common man or a tax payers analysis
stand before the IITans lobby
Regards
On Sat, Mar 28, 2015 at 8:32 PM, Prof. Bholanath Dutta wrote:
Dear Smriti Irani, stop giving my money to IITians: Jeswanth Padooru Dear Smt Smriti
Iraniji,

At the drop of a hat, every government, including yours, says that subsidies are bad for
the economy and should be done away with.

Many of the subsidies in your ministry are going to those who don';t deserve it. IITians
are the most guilty of this pilferage. To make things worse, they hardly do anything for
the country. Best-selling fiction is not known to help farmers.

1) To begin with, this is what they cost us
While it takes over Rs 3.4 lakh to educate an IITian per year, the student pays only Rs
90,000 per year. The rest is borne by the government. That is close to Rs 2.5 lakh per
student per year, which is being paid by the tax payer. If one extrapolates this to all
the 39,540 students in the Indian Institute of Technologies, the cost borne by the tax
payer on educating IITians extends to 988.5 crore annually.

According to budget estimates, Rs 1703.85 crore is to be allocated to the IITs for 2015-
';16.

2) What do we get in return for the Rs 1,700 crore we spend on them?
Inspite of producing 9,885 world-class engineers in computer science, electrical,
electronic, chemical, mechanical, production fields every year...

a) The Geosynchronous Satellite Launch Vehicle, though successful with the Russian
Cryogenic Engine, has time and again failed with the indigenous cryogenic engine. We have
succeeded only once with our indigenous cryogenic rocket.

b) Indigenous submarines are still a distant dream because of the technological
complexity in building them. Though many projects are coming up in our own shipyards,
they are happening because we are merely manufacturing them in India with foreign
technology.

c) The indigenous Indian Small Arms System rifles for our army, developed by the Defence
Research and Development Organisation, have always been reported as problematic, and we
import assault rifles from Israel.

Why could our world-class engineers, who are educated with tax payers'; money, not have
built them?

3) This is what our top IITians gave a miss
A Right to Information application that was filed recently has shown that less than 2% of
engineers at the Indian Space Research Organisation are from IITs and the National
Institutes of Technology. Our best space programme doesn';t get our best engineers every
year.

The army doesn';t get engineers and officers from the IITs. Between 1986 and 2006, not a
single IITian has joined the Indian army.

The DRDO has a shortage of more than 2,700 scientists, and it is stretched and
overworked, but our world-class engineers don';t find it challenging.

4) If an IITian wants to run an online shop, then why do I, a taxpayer, have to pay for
his chemical engineering degree?
Going by 2013 figures, Flipkart, the online mega-store, recruited seven students from IIT
Madras in 2013.

One can understand the logic behind Flipkart hiring a computer science engineer. But six
of the hires had studied aerospace, chemical, metallurgy, bio-technology and engineering
physics.  What specialist knowledge will they bring to Flipkart?

These students do not have any interest in what they learnt in their four-year
undergraduate programme, and want to erase their history by moving to a different field.

5) Why did I pay for Chetan Bhagat';s mechanical engineering degree?
I have nothing against Chetan Bhagat, but I do know that Indian taxpayers paid to make
him a mechanical engineer. He has done everything but engineering.

Another RTI filed with IIM Bangalore has revealed that out of the current batch of 406
students, 97 students are from IITs. Fifty-six of these are students with less than two
years work experience.

If all these engineers wanted to be was managers, why does the tax payer need to pay for
their engineering education at the IITs?

6) Get a loan, why seek a subsidy?
All students from IITs can get collateral-free loans from nationalised banks for upto Rs
20 Lakh.

And IITians are obviously so awesome that companies are eager to pay them crores of
rupees.

Then why should a world-class engineer who makes crores of rupees and adds no value to
India be given a subsidised education at the IITs? Can';t they get educated with a bank
loan of their own and repay it after getting their huge salaries?

7) Remittances help forex? Nope, not really.
Whenever there is a debate on brain drain from the IITs, the remittances issue pops up.
Many believe that IITians who go abroad send back remittances and contribute to foreign
exchange reserves. However, it is a pittance for India.

A report in the Economic Times shows that out of the total remittances of $70 billion to
India, the remittances from IITians who go to developed countries is much lower than the
remittances from the Middle East to the state of Kerala.

Most of the Malayalis in the Gulf are blue-collar workers, not IIT engineers.

So, why should the common man subsidise an IITian';s college fees? Best Regards,Educate,
Empower, ElevateProf. Bholanath DuttaFounder, Convener & President- MTC GlobalAn Apex
Global Advisory Body in Management Educationwww.mtcglobal.org  I www.mtcglobalaward.org I
www.knowledge-cafe.org I www.theglobepost.in I www.mtcgli.netCell: +91 96323 18178 I +91
81520 60465 I +91 7411716392Email: president@mtcglobal.org I president@mtcglobalaward.org
I director@mtcgli.netpresident@knowledge-cafe.org I ISO 9001: 2008 I  United Nations
Global Compact 



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Muralidhar Prasad
I/c- Director, SSIM';s CIS,
Associate Professor,
SSIM :: KOMPALLY
Cell : 98 66 230 461





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