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              The Invention of the Shopping Cart and Its Psychological Impact on Consumer Behaviour

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              Organizational structures  shape company’s value creation

              Organizational structures  shape company’s value creation

              What is Asset Specificity?

              What is Asset Specificity?

              Do you know who Owns Corporations?

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              Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

              Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

              What are Treasury Bills?

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              What is SERVQUAL Model?

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              “It all Starts with Nescafe”

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                Educational Leaders who fought for women’s education did not seek validations from society

                Educational Leaders who fought for women’s education did not seek validations from society

                Experiential learning is the future

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                How to write an appropriate title 

                How to write an appropriate title 

                Can India regain the title of Vishwaguru?

                Can India regain the title of Vishwaguru?

                What are the problems faced in online lectures?

                What impact can Knowledge have on Society?

                A Big Salute all our teachers!!!

                What is Triple Helix Model for innovation?

                Where in the world teachers are most respected?

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                  Importance of Citation in Research

                  What is Autoethnography style of PhD

                  Can scholarly articles/papers from blogs be cited in research work?

                  The complete guide on how to select the right PhD topic

                  All you wanted to know out how a PhD thesis is assessed?

                  Mixed Method Research is Most Suitable

                  What is the difference between economic bubble and economic boom?

                  How to write a Research Paper?

                  Case Study is one of vital type of research

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                    American Hegemony is at critical juncture 

                    American Hegemony is at critical juncture 

                    Impact of the Thucydides Trap and Clash of Civilization  on International Businesses

                    Impact of the Thucydides Trap and Clash of Civilization  on International Businesses

                    Launch of my book  titled “International Business”

                    Launch of my book titled “International Business”

                    Gift City is becoming India’s Capital Gateway

                    Gift City is becoming India’s Capital Gateway

                    The science of Psephology

                    The science of Psephology

                    What is the Future of BRICS Currency?

                    What is the Future of BRICS Currency?

                    Ram Mandir tableau graced the 75th Republic Day of India

                    Ram Mandir tableau graced the 75th Republic Day of India

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                      Manthan – The Movie about India’s Dairy Cooperative Movement  

                      Guiding 35 PhDs: A Journey of Mentorship, Transformation and Academic Fulfilment

                      Guiding 35 PhDs: A Journey of Mentorship, Transformation and Academic Fulfilment

                      The Story Behind the song “Khoya Khoya Chand” from Film Kala Bazar

                      The Story Behind the song “Khoya Khoya Chand” from Film Kala Bazar

                      Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

                      Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

                      The story behind the Swedish word Lagom which means Just Enough

                      The story behind the Swedish word Lagom which means Just Enough

                      Lasting friendship between R.K.Narayan and Graham Green that shaped the famous film novel ‘The Guide’

                      Lasting friendship between R.K.Narayan and Graham Green that shaped the famous film novel ‘The Guide’

                      Mumbai’s Historic Single Cinema Screen Maintains Brand Loyalty of Marathi Cinema Viewers 

                      Why Memories are a fuel of our life

                      Why Memories are a fuel of our life

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                      Home HIGHER EDUCATION

                      The redundant makeover of Indian Higher Education

                      Dr Vidya Hattangadi by Dr Vidya Hattangadi
                      September 26, 2022
                      in HIGHER EDUCATION
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                      Education is one of the primary needs, today In India; we need more schools especially in rural areas. Sadly, moneyed people have made a huge business model and they are raking in the loot. Education is not a BUSINESS but a SERVICE, and the government needs to recognize this. Frankly speaking, in most of the educational institutions the system is being abused by those who implement it. When money becomes a target rather than quality of education and when there are so many loopholes in the system, officials concerned with adherence and norms in education and people in business of education are hands in gloves, they hardly follow the norms, therefore the quality is going from bad to worst.

                      Finance minister Arun Jaitley had announced in the 2016 budget that the government would enable regulatory architecture to provide 10 public and 10 private institutions to emerge as world-class teaching and research institutions. While description like Institutes of excellence and possible use of the term National were considered, finally, it was agreed to rename them as ‘Institutes of Eminence.’

                      The HRD ministry of India set a high-powered committee under former Chief Election Commissioner N Gopalaswami to select 20 top educational institutes that will be given the ‘Institute of Eminence’ status. The committee seems to have had a tough time to select the institutions as per the UGC (University Grants Commission) guidelines and had to tweak down the key criterion:  multi-disciplinary initiatives, high quality research, global best practices and international collaborations. One of the key changes, however, was the  corpus fund requirement. It was originally proposed that a private institute must have a corpus of Rs 500 crore to be eligible to be declared a world class institute. However, after the PMO’s intervention, this was said to be reworked to keep it at Rs 200 crore instead. The HRD ministry brought this down to just Rs 60 crore- to be raised to Rs 150 crore in ten years’ time. It is argued that corpus fund is set aside as locked up money, so there may not be enough rationale for prescribing such a high amount is kept immobile.

                      The draft regulations had also said that the institutions must ensure a 1:10 faculty-student ratio, enrol 20,000 students in 15 years. These criteria also got tweaked and revised with a proposal instead to start with 1:20 Faculty Student ratio, to be improved to 1:10 in five years’ times and a total enrolment of 15,000 students in 15 years (?)

                      Following this, the University Grants Commission announced the names of the six institutions on Monday, July 9th 2018; three in public sector and three in private sector. The HRD Minister Mr. Prakash Javadekar said that selection of institutions of eminence will not only improve the quality of education but also propel competition in the entire education sector. The three public institutions will receive Rs 1,000-crore funding while the three private institutions will be given academic and administrative autonomy.

                      Reliance Foundation’s Jio Institute is among the six colleges that have been selected as Institutions of Eminence – a status that will ensure complete autonomy and facilitate them to make a mark in global rankings. Apart from Jio – which is yet to established, other five institutions are Indian Institute of Science- Bangalore, IIT-Bombay, IIT-Delhi, Birla Institute of Technology and Sciences (known as BITS-Pilani) and Manipal Academy of Higher Education. All these institutions are running and doing well. But, why Jio Institute, which does not even exist yet, finds its place in the list? This is the question that has raised anguish among the academicians and public ever since the government announced its decision.  The HRD ministry said the committee found that only Jio Institute had fulfilled all the parameters. Mind you, it was competing with another eleven private existing institutes.

                      People of India are not dumb and numb to take this hurried selection of Jio Institute lightly. The Ministry of Human Resource Development sensed that their decision is not accepted by the people of the nation; hence they came out with an explanation on how Jio Institute was accorded such coveted status despite having no physical infrastructure in place.  According to the government, Jio Institute has been given this tag under Greenfield Project – purpose of which is to allow responsible private investment to build global class educational infrastructure. There were four parameters on which all applications were judged. The parameters were: (a) availability of land for construction of the institution, (b) putting in place a core team with very high qualification and wide experience, (c) making available funding for setting up the institution and (d) a strategic vision plan with clear annual milestone and action plan. The Selection Committee has come to a conclusion that out of the 11 shortlisted private institution applications, only Jio Institute satisfied all the four parameters, and hence was recommended for issuing a letter of intent for setting up an Institute of Eminence. The Ministry also clarified that the private institutions under the project will not get funding from the government. The Ministry had received 114 applications – 74 from public sector and 40 from private sector – for selection of IoEs.

                      Jio Institute, an institution proposed to be set up by Reliance Foundation, is led by Nita Ambani backed by Mukesh Ambani. The foundation is the philanthropic arm of Reliance Industries, the largest private company in India. With this, the Jio Institute gets exceptional freedom from the government’s higher education regulations from its very birth.

                      Ironically, the selection committee ignored these important criterions: an Institution of Eminence should offer interdisciplinary courses and conduct research in “areas of emerging technology”. It must have a mix of foreign and Indian students and faculty, with “student amenities comparable with that of globally reputed institutions”. The Jio Institute has none of these. It is yet to be born. How then it has been declared an “Institution of Eminence”, at par with the Indian Institutes of Technology at Delhi and Bombay, the Indian Institute of Science in Bangalore, the Birla Institute of Technology at Pilani, Rajasthan, which was set up in 1964, and the Manipal Academy of Higher Education, which began with Kasturba Medical College in 1953???

                      Jio Institute is proposed to be established in Navi Mumbai. Soon after the ministry made the list public, it received thumbs down by the people of the country and opposition political parties. News flashed in media all over “The BJP Govt favours Mukesh and Nita Ambani yet again”. The illusionary JIO Institute which is yet to see the light of day; it takes long years to establish an eminent educational institution. Autonomy in education does not always work well in India: placements, teachings, fests, extracurricular activities, research, collaborations are misconstrued. By the way, Jio is trending on Twitter, with many tagging Education Minister Prakash Javadekar, asking him about the institute’s location and credentials. The HRD ministry has made a sham of the “eminence” tag.

                      Tags: BangaloreBombayChief Election Commissioner N GopalaswamiDelhiDr. Vidya HattangadiHRD Minister Prakash Javadekar.Indian Institute of ScienceIndian Institute of TechnologyIndian Institutes of TechnologyInstitute of eminenceJio InstituteKasturba Medical CollegeManipal Academy of Higher Educationrajasthanselection panelthe Birla Institute of Technology at Pilani
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                      Dr Vidya Hattangadi

                      Dr Vidya Hattangadi

                      Dr. Vidya Hattangadi is an accomplished academician, researcher, and thought leader with over four decades of combined experience 20 years in managerial roles in industry and 24 years in management education. She holds a PhD in Marketing Management from Savitribai Phule Pune University and a D.Litt. from the University of Mumbai for her post-doctoral published work. She is a prolific writer and blogger, Dr. Hattangadi runs the widely read blog www.drvidyahattangadi.com, which enjoys strong organic traffic and engages readers across a broad spectrum of subjects, including management, leadership, psychology, social trends, music, current affairs, and politics and psychology. Her blog is 12 years old. Her experience of combining knowledge of industry work with an academic background creates a powerful, "pracademic" profile that bridges the gap between theoretical knowledge and practical application. This hybrid approach has made her a powerful Professor in the classrooms and she has produced graduates who are not just knowledgeable, but industry-ready. She worked for Maratha Mandir’s Babasaheb Gawde Institute of Management Studies as Director, Research Head and Professor. She has written a fortnightly column for The Financial Express from 2017 to 2021 and has contributed extensively to leading publications such as The Hindu, Free Press Journal, and The Economic Times. Her articles are known for their analytical depth, clarity, and relevance to contemporary issues. Dr. Hattangadi has successfully guided 35 PhD scholars in Management Studies across institutions such as the University of Mumbai, SNDT Women’s University, and Yashwantrao Chavan Maharashtra Open University (YCMOU) and Guglielmo Unimarconi Italian University. Currently, she is working on her YouTube channel "Vidya's Vidya" mentoring doctoral researchers in the areas of Finance, Strategic Management, Organizational Behaviour, Human Resource Management, and Marketing Management. She is an accomplished author, she has written books on Strategic Management, Buyer Behaviour, International Business and Entrepreneurship Management, Faith Economy, contributed chapters to four edited volumes of books, and published over 350 research papers in national and international journals. Her scholarly work has strong visibility and impact, reflected in her robust presence on Google Scholar, Research Gate, Vidwan etc. Her research in all fields of management studies is truly ground-breaking. The rigor and depth of her knowledge have set a new standard in our field of management studies.

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