Skip to main content

'Enterprising Students'...time to correct 'supply side' of education

India is a country desperately crying out for more Quality educational institutions run by the private sector. Many a commentator has written about the need to deregulate the Education sector and welcome investments from the outside. But the sector still remains heavily regulated with top government educational institutions maintaining the number of seats available at a constant level. This has resulted an exodus of students from India to other countries seeking quality higher education.

The scenario is so desperate the seats at premier educational institutions are auctioned. A report that appeared today in the TOI talks about Students auctioning medical seats and in the process making lakhs of rupees.

Write three entrance examinations, get three P-G medical seats. Choose one, auction the other two for lakhs of rupees. Students who are already studying in Chennai, Jaipur, Kolkata, Baroda medical colleges are holding on to two medical seats in Karnataka against the rules. With MD Radiology going for Rs 1 crore and MD Orthopaedic selling for Rs 80 lakh, it's big money for students. Sample this: A student who has chosen MD (general medicine) at a medical college in Baroda under the all-India quota in the 2007-08 admissions, has not surrendered his medical seat in Gulbarga. Ditto with a student who is already studying at Dibrugarh, Assam, but is clinging to a seat in Bijapur. With May 9 set as the last date for second-round of counselling for all-India quota to be completed, as per the Directorate General of Health services (Government of India schedule) students chose seats nearer home.


Popular posts from this blog

Situational Involvement of Consumers

There are two types of involvement that consumers have with products and services, Situational and Enduring. Situational involvement as the term suggests, occurs only in specificsituations whereas Enduring involvement is continuous and is more permanent in nature.

Decisions to buy umbrellas in India are driven by the onset of Indian monsoon. Monsoon rains arrived in India over the South Andaman Sea on May 10 and over the Kerala coast on May 28, three days ahead of schedule. But then, after a few days of rain, South India is witnessing a spate of dry weather. Temperatures are soaring in the north of India. The Umbrella companies in the state of Kerala are wishing for the skies to open up. So is the farming community and manufacturers of rural consumer products whose product sales depend totally on the farming community. The Met. department has deemed this dry spell as 'not unusual'.

India's monsoon rains have been static over the southern coast since last Tuesday because of a…

Prior Hypothesis Bias

Prior Hypothesis bias refers to the fact that decision makers who have strong prior beliefs about the relationship between two variables tend to make decisions on the basis of those beliefs, even when presented with the evidence that their beliefs are wrong. Moreover, they tend to use and seek information that is consistent with their prior beliefs, while ignoring information that contradicts these beliefs.

From a strategic perspective, a CEO who has a strong prior belief that a certain strategy makes sense might continue to pursue that strategy, despite evidence that it is inappropriate or failing.

Ref : Strategic Management : An Integrated Approach, 6e, Charles W L Hill, Gareth R Jones

Consumer Spending

Carpe Diem Blog: From Visual Economics, a graphical representation appears above (click to enlarge) of Consumer Expenditures in 2007, using data from the Bureau of Labor Statistics. Note that total spending on food ($6,133), clothing ($1,881) and housing ($16,920) represented 50% of consumer expenditures and 30% of income before taxes in 2007. In 1997 by comparison, 51.1% of consumer expenditures were spent on food, clothing and housing, and 44.6% of income before taxes was spent on food, clothing and housing (data here).