Friday, October 16, 2009

Rejuvenating education through FDI - The Economic Times

EDUCATION in India is undergoing an overhaul. Starting with the recently enacted right to free education statute, the HRD ministry is already working on legislation for an education tribunal (to resolve disputes between students, institutions and teachers) and a Bill to establish multiple private accreditation agencies, monitored by a regulator. Deliberations are also on to set up the National Commission for Higher Education and Research (NCHER), a single autonomous body to replace the existing education councils, something also suggested by the Yash Pal Committee. And while recent reports about the PMO’s intervention on the proposed Foreign Education Providers Bill may require the legislation to be vetted afresh, but when Kapil Sibal advocates FDI in the education sector as a priority for the government, one can assume he has convincing arguments in support of foreign participation. The proposed Bill will help supplement government spending on higher education and is generating a lot of excitement among potential investors.

Read this interesting article by Satvik Varma in October 16, 2009 issue of The Economic Times.

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