Great coaching scam & abomination
Business Standard|August 03, 2024
How broken our governance and how incredible our hypocrisy must be that we cannot make profits from educating young Indians, but can earn thousands of crores by giving them tuitions?
SHEKHAR GUPTA

Everybody who matters anywhere in our "system" is now trying to do something about the death by drowning of three young people in the basement library of Rau's IAS Study Circle in Old Rajinder Nagar, west Delhi's UPSC coaching hub.

The Delhi High Court has handed over the investigation to the CBI, while the Delhi government has sealed a whole bunch of such basements at multiple other coaching centres and announced that it will pass a law regulating such businesses. Some owners and senior management members have been arrested.

And to cap the absurdity, the Delhi Police has made world headlines by arresting the owner and driver of an SUV that merely happened to drive across the flooded street, apparently, pushing the water into the basement and causing the flood.

Some of the owners of these coaching centres and superstar "teachers" are appearing on selected media platforms, particularly those with which they have had mutually beneficial commercial relationships, to express fake sympathy with the victims but mostly for self-exculpation.

Nobody is particularly focused on the key question: If this is how much you charge, or you earn this much fame on Instagram from the reels you make, how come you're still running "classes" in these unsafe, unhygienic, slum-like conditions?

Or how is it that while they charge their students top dollar on the promise that they can game a system with a failure rate of about 99.8 per cent, they do not spend on providing at least some basic facilities and safety?

This, in our ridiculous system where it isn't legal to make profits from education. You run universities, colleges, schools but pretend you make no profits.

Denne historien er fra August 03, 2024-utgaven av Business Standard.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra August 03, 2024-utgaven av Business Standard.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA BUSINESS STANDARDSe alt
Low valuation sparks interest in IndusInd
Business Standard

Low valuation sparks interest in IndusInd

Analysts believe worst may be over for lender after sombre Q2 results

time-read
2 mins  |
November 13, 2024
Demand, margin gains ahead for UPL
Business Standard

Demand, margin gains ahead for UPL

Agrochemicals manufacturer UPL reported a muted quarter as operating profit remained flat on a year-on-year (Y-o-Y) basis, due to a price decline (down 7 percent Y-o-Y) and surplus capacity in China.

time-read
2 mins  |
November 13, 2024
Business Standard

Exchanges roll back direct payout of securities to client accounts

The National Stock Exchange (NSE) and BSE on Tuesday announced rollback of the direct payout of the securities to client demat accounts—which was enabled on November 11.

time-read
1 min  |
November 13, 2024
Swiggy makes market debut today
Business Standard

Swiggy makes market debut today

Shares of food delivery major Swiggy will make stock market debut on Wednesday following its ₹11,327 crore initial public offering (IPO), second biggest this year and sixth-largest to hit the domestic market.

time-read
1 min  |
November 13, 2024
NTPC Green Energy IPO eyes $12 bn Valuation
Business Standard

NTPC Green Energy IPO eyes $12 bn Valuation

NTPC Green Energy Ltd is considering seeking a valuation of about $12 billion in what could be one of India's biggest initial public offerings (IPO) in the renewable energy industry, according to people familiar with the matter.

time-read
1 min  |
November 13, 2024
Sebi simplifies process for registration of certain FPIs
Business Standard

Sebi simplifies process for registration of certain FPIs

Abridged version of application form to be available in 3 months

time-read
1 min  |
November 13, 2024
11 of 17 Nifty sector indices in correction mode
Business Standard

11 of 17 Nifty sector indices in correction mode

As many as 11 of 17 frontline Nifty sector indices are in 'correction' mode with energy, auto and central public sector enterprises (CPSE), consumption, and fast-moving consumer goods (FMCG) suffering the most in the recent market fall, according to data.

time-read
2 mins  |
November 13, 2024
Nifty falls to near 5-month low
Business Standard

Nifty falls to near 5-month low

Earnings disappointment and foreign outflows continue to weigh on markets

time-read
2 mins  |
November 13, 2024
BITING THE BULLET
Business Standard

BITING THE BULLET

The Bullet Train has been a 'dream project'. Can it become a reality anytime soon?

time-read
5 mins  |
November 13, 2024
Business Standard

India to be among top 3 or 4 mkts for Siemens in 3 years

Country now contributes 3.5-4% to the firm's revenue

time-read
2 mins  |
November 13, 2024