Also i have some questions about the Self financing colleges (professional colleges).
I have some points here 1. The self financing medical colleges association president Mr. George Paul and similar Engg. college association president G.P.C. Nair said, they are running colleges service also education is more than a service in India i guess, anyway let us take profession education sector as a service. Now they says they cant run their colleges under loss. Most of the colleges are run by charity institutions. can such an institution look for a profitable investment? One more thing, are these institutions paying tax? if they want to run profitable institutions, let them pay tax and do it and not under the banner of charity socities but registered companies. 2. They asks investment for the basic facilities for the college, that is assets. They says that we spend this much money on building assets for the institution, we need that from student. So student is investing his money on an asset on which he has no rights. Why dont they make the basic assets in name of a private(public) Ltd. company and raise funds and may students can also be shareholders with a STUDENT STOCK OPTION. 3. Next they says they need daily running costs, this thing is not relevent in case of a Medical college, since we know how muc money a 500 bed super speciality hospital can make when its beds are full. If they says they dont makes enough money then there will not be enough patients, which makes the things simple they cant run a medical college then. In case of an engg. college, the tution fee is Rs. 36000 annually from each student. for a single dept with 240 students(60 students each year with 4 years). It will be some 86 laks. only btw 10k and 15k is the salary of a lecturer per month. there will be around 25 lecturers and 2 or three professors in a dept.( in my dept i guess only 35 to 40 faculties, will get the no soon if interested no of students is 480). also 8 to 10 non teaching staff. let us assume the teaching staff takes a 50 lakhs as salary another 20 laks for professors. then another 15 lakhs for the non teaching or supporting staff. which will make a total of 75 lakhs. then we hav a 11 lakhs left which we can use for store. or can collect these extra amounts from all the depts to make a common fund for electricity, water and telephone. Moreover the figures are aboove estimation if need i will collect the exact details of my college. look at the figures first the colleges hav to submit a pubic report on their expenses and incomes and let us audit it(public). Then only any move to raise the fees can be justified. what do you say, i think i missed some points, add those and what about raising this questions to the soceity? cheers jinesh kj --~--~---------~--~----~------------~-------~--~----~ greenyouth mailinglist is the activist support mailinglist for kerala run by Global Alternate Information Applications (GAIA) To post to this group, send email to [email protected] -~----------~----~----~----~------~----~------~--~---
