USE BLACK MONEY FOR EDUCATION ? WHY NOT ?

29 Nov 2011

USE  BLACK  MONEY  FOR  EDUCATION ?  WHY NOT  ?

E & Y and FICCI came out with a report :

“ Private Sector participation in Higher Education , 2011 “

Here are its findings , as reported in DNA ( 25 Nov 2011 ) :

·        Over 52 % students of India are studying in private higher educational institutes

·        14 million students are enrolled in 31,000 higher educational institutions across India

·        Central Govt targets to enroll 40 million students in higher education , by 2020

This will require :

·     25 million additional seats

·     Investment of Rs.10 lakh crores

·        Central Govt expects that 50 % of this investment ( ie : Rs. 5 lakh crores ) would come from private sector

Ground reality :

·        Govt will never find its share of Rs 5 lakh crores

·        Private sector can – and will – find the entire sum of Rs 10 lakh crore, if sufficiently “ incentivized “

What Incentives ?

·        Allow investing of black monies [ thru SPVs ], in higher education of only girls – especially girls from SC / ST / OBC / Dalit communities  

·        No questions asked as to the source

·        Tax-free income for 5 years

Outcome ?

·        India will overtake the entire world in creation of “ Intellectual Property “ and in creation of jobs

I hope , someone forwards this to Kapil Sibal / Pranab Mukherjee / Soniaji Gandhi / Behen Mayawatiji / Mamta Didi / Jayalalithaji etc

With regards

HEMEN  PAREKH