students. Let it be known that students seek and do a program which is well known in the
country and abroad. They do not mind paying hefty fees to become graduates of the well
known programs and well known Institutes.
Business education can be had in any B-school but a well known B-school always gives a
more durable value to the students.
Brand building of the institute rests on these important factors.1) a robust curriculum
2) the quality of the placements, 3) the resources provided by the Institute for the
program 4)The stature and quality of the faculty 5) the quality of the students admitted
to the program and finally,6) the positions attained by the alumni in the society and the
corporate world. Each of these factors are interconnected and no single factor can be
focused. For a brand to be built, it takes a long time of consistent effort and
intelligent management of these factors.
The Govt must refrain from regulating any of these important factors and allow the
Institute Management to have full control. This is the free market way and history has
shown that only this way delivers consistently.
These days, you find the Govt insisting on NBA certification for continued operation of
the Institute programs but such insistence only cloaks mediocre institutes to somehow
convince the regulators for their survival. It is best to leave the education to operate
without such hindrances.
Best Regards,
K.Paranjpe
On Mon, 07 Aug 2017 12:00:35 +0530 Amrit LAl Ghosh
>Dear MTCians,
Every thing alright, the the Govt. must keep eye on the fees structure. It it go out
of the reach of the middle class people of the country, then for whose benefit all these
measures will be taken. In Indian context, Quality education must not be a business, but
service with margin for sustainability. Then only the common men of the country will get
benefit.
Regards,
Prof. A. L. Ghosh.
On Sat, Aug 5, 2017 at 9:43 PM, Prof. Bholanath Dutta
New Delhi: After deciding to give the elite Indian Institutes of Management (IIMs)
greater administrative, academic and financial autonomy, the central government may give
more operational freedom to private business schools as well.The All India Council of
Technical Education (AICTE), the apex technical education regulator, has now formed a
committee to identify possible areas in which such institutions may be given more
autonomy, three officials said on condition of anonymity.The committee comprises
academicians including two IIM directors and the dean of XLRI, Jamshedpur."Freedom from
excessive government control—partial or full—will be discussed and a formula will be
thrashed out for such institutions," said a government official, who declined to be
named.The official said the human resource development ministry believes that good
institutions should not face too much of regulatory scrutiny, noting that the role of
regulators like AICTE and the University Grants Commission is being questioned by both
government and private education providers.Last week, the Lok Sabha approved the IIM Bill
2017 that promises to grant autonomy to the elite B-schools and allow them to award full-
fledged degrees to their graduates instead of post-graduate diplomas in management.IIMs
will be able to grant MBA and doctoral degrees once the law is enacted. Some private B-
schools are concerned that their management programmes will be seen as second-rung by
international partners, recruiters and even students."The impact of the IIM law will be
sharp and deep on PGDM schools. We look forward to AICTE and its panel to come up with
concrete action plan for the autonomy of top PGDM schools," said Debashish Chatterjee,
director general of the International Management Institute (IMI) in New Delhi, run by the
RP-Sanjiv Goenka Group.Chatterjee said PGDM schools are facing too many compliance issues
under the oversight of the AICTE. "For increasing batch size to having a foreign
collaboration, we run to AICTE. We have to pay for starting fellow (PhD) programmes to
the regulators. The excessive control must go in the first place," he added.Harivansh
Chaturvedi, director of Birla Institute of Management Technology in Greater Noida on the
outskirts of Delhi, said: "We have told the ministry and AICTE that they need to allow
freedom to us to function with a certain accountability. We have told them that instead
of a law for just IIMs, there should be a boarder law on management education like the
one that governs medical education."Chaturvedi added that the committee of academicians
formed by AICTE are likely to suggest that private B-schools be divided into three tiers,
with the top ones getting considerable autonomy in academic and financial matters.J.K.
Das, director of Fore School in New Delhi, said the IIMs and government-run B-schools
"cater to less than 15% of management students. Many of these schools (except IIMs) are
not even as good as top PGDM schools"."AICTE should simply withdraw a circular issued in
2010 that tried to control everything of B-schools from curriculum to admission process
and fee," said Das. The circular was challenged by B-schools and is in the Supreme Court
currently.Source: Live Mint
--
EDUCATE, EMPOWER, ELEVATE
Prof. Bholanath DuttaFounder & President MTC Global: A Global Think Tank in Higher
Education, ISO 9001: 2008Partner: UN Global Compact I UN Academic
Impact www.mtcglobal.org IEmail: president@mtcglobal.orgCell: +91 96323 18178 / +91
9964660759
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Prof. Amrit Lal Ghosh,
Department of Business Administration,
Jawaharlal Nehru School of Management Studies,
Assam University, Silchar-788011'
Email: ghosh.amritlal@gmail.com
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