not(e) from rahul : i found this article on one website.. an amazing article
The realisation of these visions is dependent on two factors:
* The faith of the Indian people in their national leaders, their pride in building India and
* These leaders making the people believe that their dreams can come true by providing sound policies, achievable plans and providing an environment for doing so.
Each of us must recognise our role in contributing to the 'Success of India'. We should all do our bit in order to make India a developed nation by 2020 and the shining factor will be a natural consequence. Indian ingenuity and ethos has to flow a natural and unhindered tide. The "Made in India" label needs to be accentuated and added credibility to, for the world to gain faith and belief in us. For this, we will have to do away with slipshod products and services across all sectors. Faith, please understand, is difficult to achieve, but easy to loose, given poor products. The national pride riding high in the minds of thousands of Indians has motivated them to do things par excellence compelling the world to sit up and take notice.
The political scenario in this country is changing, single-party dominated, seemingly invincible politicians being replaced with the new era of coalition politics characterised by multi-party controls. Of course, not all that happened so far was deplorable. Many good features can be credited to the government's creative imagination, such as the foresight in setting up IIMs (Indian Institute of Management) and IITs (Indian Institute of Technology). Both these, now illustrious brands have brought unprecedented recognition to the Indian education system.
The pundits in the Government have decided to do away with the many B-School entrance tests and replace them with a common exam for all MBA aspirants across the country. The decision is a booster, for the thousands of MBA aspirants who would now have to take just a single test. The format of the new test, though unknown, raises questions like - Will there be testing on Maths, English, General Awareness? Will there be Group Discussions and Personal Interviews? Will a silly score card decide the future of thousands of bright minds who may not have scored well in the written test due to unforeseen circumstances that come up in our everyday lives?
In this case, it is important to conduct the test several times a year to keep a check on uncertainties. Administrators in the Government need to apply their minds to eliminate any such probability. For conducting tests for MBA aspirants globally it may be worthwhile to consider the example of ETS (Educational Testing Services), which continues unchallenged. The results of these tests are accepted by hundreds of educational institutions the world over. The CAT is doing the very same thing for the many B-Schools in India.
Today, when India aspires to shine on the international stage, instead of dismantling the CAT, our government must help scale it up to make it internationally accepted. There have been instances like when the government has taken a lead in promoting tourism in the country, like for the promotion of tourism in India. But at the same time hasn't it given up its control on the hotel industry in the country? Are we not the same country where many foreign nationals come for medical help? Hasn't the government give up ownership of the hospitals? Why then, can't the government promote Indian Education abroad as a policy decision? For this, it need not own all the educational institutes in the country.
Why should ETS have the monopoly of being a globally accepted test body? Why can it not be the CAT? Here lies a unique opportunity for India. The government could begin by making the CAT compulsory for all international institutes wishing to admit Indian students. Presently, around 1.5 lakh students go abroad for education and the number is constantly on the rise. They too have to take various exams, for example: GMAT* (MBA/PHD), GRE* (MS/PHD), SAT* (Undergraduate studies), IELTS* (Accepted by countries like Australia, New Zealand, UK etc), TOEFL* (US).
Each of these tests are expensive, CAT in comparison costs a fifth of the fee charged for any of these exams! And lest I forget, I would like to mention that some of the Institutes in India accept the GMAT scores for admission. The IIMs themselves accept the GMAT score for accepting international students, as the CAT is not held internationally.
Any student wishing to study in the US must take the TOEFL apart from GMAT/GRE/SAT. The amount each Indian student has to spend on an international test taking process is listed below:
* MBA Abroad: GMAT + TOEFL - Rs. 16685/- almost 16 times more than the CAT
* MS Abroad: GRE + TOEFL - Rs. 12690/- almost 11 times more than the CAT
* Undergraduate Studies in the US - Rs. 8930/- almost 9 times more than the CAT
The cited amount covers only the testing process. All international institutes charge a separate fee per application depending on the institute. (Please note the range of the fee charged is not subject to any government control) Every individual student sends out an average of 6 applications adding another US$ 600 (app. Rs. 22, 500/-) to the bill. Then there are the usual costs: Tuition fee: US$ 15,000 to US$ 50,000, personal expenses US$ 800 per month, compulsory insurance, air-tickets, parents visiting - another US$ 15,000, sending applications abroad (postage), visa fees. Adding up all this, we arrive at mind-boggling figure of 15 to 20 lakhs or more.
This means that we are facilitating the outflow of foreign exchange, to the benefit of foreign institutes and governments. But, we refuse to pay Rs.1000/- (one thousand), only US $ 22, as a test fee which the application amount for the 6 IIMs. A process that costs US $ 22 inclusive of test, interview, group discussion and application for the IIMs costs around Rs. 37500/- approximately.
Given this calculation, 1.5 lakh Indian students spend an average of 562 crores on "tests" and applications for studying abroad, against this, the IIMs get only 13 crores for conducting the test inclusive of the application for 1,30,000 students. If the IIMs were to use a common test which international schools could take, and increase the CAT fee for all students wishing to study abroad to Rs.5000/- then IIMs, thus India, can easily net at least 37 crores. This is a win-win situation, as the test taking fee is reduced for the student, foreign exchange does not leave the country, IIMs (CAT) make more money, government does not need to give grants and so on. Furthermore, if the government with the help of the IIM test committee succeeds in getting international recognition for CAT to be an international test, one can only begin to imagine the benefits.
Another way of securing financial independence for the IIMs would be to ask all companies to contribute Rs. 2 lakh per candidate that they pick. If there are 1400 candidates, the IIMs will net another 28 crores. More can be demanded from international companies, which pick up almost 25% of the IIM graduates.
The government has always been wary of privatisation. Even in the earlier years there was no incentive to perform, 97% of the earnings of any corporate was taxed. We have actually forced the economy to go underground and moreover, crushed the entrepreneurial spirit of many a youth thereby losing an opportunity to make our country globally competent.
The government should learn to trust the people of this country and believe that each individual will wish to create goodwill for the country. If we would only look at industrialists today, we see them willing to compete and succeed, not only nationally but also globally. It is very clear that if each one of us does not have a common vision for the greatness of India, then India will never be great. I am convinced by our president's dream of a great India by 2020, but why just 2020, why not even before that?
There is one example of Mr. Dhirubhai Ambani here, which I would like to cite. This single-man army has shown that such a vision is possible. When the Jamnagar factory was being set up, the so-called, "international expertise" hired said the plant would take two years to commission. But Mr.Ambani believed and made the plant get commissioned in 1 year and 6 months. Again look at the example of the Tatas, who I am sure believe in this country and desired an Indian car for Indians. Today, our automobile industry is on its way to becoming globally acknowledged and Ratan Tata has now stated that he wishes to bring a Rs. 1,00,000 (one lakh) car into the market. I believe in him, if there is a man who can make it a reality, it is he. If as Indians we begin believing in each other, our institutions and our dreams, a pipedream today, will be the reality of tomorrow.
Technorati Tags: India, MBA, CAT, GMAT, IIT, IIM
The realisation of these visions is dependent on two factors:
* The faith of the Indian people in their national leaders, their pride in building India and
* These leaders making the people believe that their dreams can come true by providing sound policies, achievable plans and providing an environment for doing so.
Each of us must recognise our role in contributing to the 'Success of India'. We should all do our bit in order to make India a developed nation by 2020 and the shining factor will be a natural consequence. Indian ingenuity and ethos has to flow a natural and unhindered tide. The "Made in India" label needs to be accentuated and added credibility to, for the world to gain faith and belief in us. For this, we will have to do away with slipshod products and services across all sectors. Faith, please understand, is difficult to achieve, but easy to loose, given poor products. The national pride riding high in the minds of thousands of Indians has motivated them to do things par excellence compelling the world to sit up and take notice.
The political scenario in this country is changing, single-party dominated, seemingly invincible politicians being replaced with the new era of coalition politics characterised by multi-party controls. Of course, not all that happened so far was deplorable. Many good features can be credited to the government's creative imagination, such as the foresight in setting up IIMs (Indian Institute of Management) and IITs (Indian Institute of Technology). Both these, now illustrious brands have brought unprecedented recognition to the Indian education system.
The pundits in the Government have decided to do away with the many B-School entrance tests and replace them with a common exam for all MBA aspirants across the country. The decision is a booster, for the thousands of MBA aspirants who would now have to take just a single test. The format of the new test, though unknown, raises questions like - Will there be testing on Maths, English, General Awareness? Will there be Group Discussions and Personal Interviews? Will a silly score card decide the future of thousands of bright minds who may not have scored well in the written test due to unforeseen circumstances that come up in our everyday lives?
In this case, it is important to conduct the test several times a year to keep a check on uncertainties. Administrators in the Government need to apply their minds to eliminate any such probability. For conducting tests for MBA aspirants globally it may be worthwhile to consider the example of ETS (Educational Testing Services), which continues unchallenged. The results of these tests are accepted by hundreds of educational institutions the world over. The CAT is doing the very same thing for the many B-Schools in India.
Today, when India aspires to shine on the international stage, instead of dismantling the CAT, our government must help scale it up to make it internationally accepted. There have been instances like when the government has taken a lead in promoting tourism in the country, like for the promotion of tourism in India. But at the same time hasn't it given up its control on the hotel industry in the country? Are we not the same country where many foreign nationals come for medical help? Hasn't the government give up ownership of the hospitals? Why then, can't the government promote Indian Education abroad as a policy decision? For this, it need not own all the educational institutes in the country.
Why should ETS have the monopoly of being a globally accepted test body? Why can it not be the CAT? Here lies a unique opportunity for India. The government could begin by making the CAT compulsory for all international institutes wishing to admit Indian students. Presently, around 1.5 lakh students go abroad for education and the number is constantly on the rise. They too have to take various exams, for example: GMAT* (MBA/PHD), GRE* (MS/PHD), SAT* (Undergraduate studies), IELTS* (Accepted by countries like Australia, New Zealand, UK etc), TOEFL* (US).
Each of these tests are expensive, CAT in comparison costs a fifth of the fee charged for any of these exams! And lest I forget, I would like to mention that some of the Institutes in India accept the GMAT scores for admission. The IIMs themselves accept the GMAT score for accepting international students, as the CAT is not held internationally.
Any student wishing to study in the US must take the TOEFL apart from GMAT/GRE/SAT. The amount each Indian student has to spend on an international test taking process is listed below:
* MBA Abroad: GMAT + TOEFL - Rs. 16685/- almost 16 times more than the CAT
* MS Abroad: GRE + TOEFL - Rs. 12690/- almost 11 times more than the CAT
* Undergraduate Studies in the US - Rs. 8930/- almost 9 times more than the CAT
The cited amount covers only the testing process. All international institutes charge a separate fee per application depending on the institute. (Please note the range of the fee charged is not subject to any government control) Every individual student sends out an average of 6 applications adding another US$ 600 (app. Rs. 22, 500/-) to the bill. Then there are the usual costs: Tuition fee: US$ 15,000 to US$ 50,000, personal expenses US$ 800 per month, compulsory insurance, air-tickets, parents visiting - another US$ 15,000, sending applications abroad (postage), visa fees. Adding up all this, we arrive at mind-boggling figure of 15 to 20 lakhs or more.
This means that we are facilitating the outflow of foreign exchange, to the benefit of foreign institutes and governments. But, we refuse to pay Rs.1000/- (one thousand), only US $ 22, as a test fee which the application amount for the 6 IIMs. A process that costs US $ 22 inclusive of test, interview, group discussion and application for the IIMs costs around Rs. 37500/- approximately.
Given this calculation, 1.5 lakh Indian students spend an average of 562 crores on "tests" and applications for studying abroad, against this, the IIMs get only 13 crores for conducting the test inclusive of the application for 1,30,000 students. If the IIMs were to use a common test which international schools could take, and increase the CAT fee for all students wishing to study abroad to Rs.5000/- then IIMs, thus India, can easily net at least 37 crores. This is a win-win situation, as the test taking fee is reduced for the student, foreign exchange does not leave the country, IIMs (CAT) make more money, government does not need to give grants and so on. Furthermore, if the government with the help of the IIM test committee succeeds in getting international recognition for CAT to be an international test, one can only begin to imagine the benefits.
Another way of securing financial independence for the IIMs would be to ask all companies to contribute Rs. 2 lakh per candidate that they pick. If there are 1400 candidates, the IIMs will net another 28 crores. More can be demanded from international companies, which pick up almost 25% of the IIM graduates.
The government has always been wary of privatisation. Even in the earlier years there was no incentive to perform, 97% of the earnings of any corporate was taxed. We have actually forced the economy to go underground and moreover, crushed the entrepreneurial spirit of many a youth thereby losing an opportunity to make our country globally competent.
The government should learn to trust the people of this country and believe that each individual will wish to create goodwill for the country. If we would only look at industrialists today, we see them willing to compete and succeed, not only nationally but also globally. It is very clear that if each one of us does not have a common vision for the greatness of India, then India will never be great. I am convinced by our president's dream of a great India by 2020, but why just 2020, why not even before that?
There is one example of Mr. Dhirubhai Ambani here, which I would like to cite. This single-man army has shown that such a vision is possible. When the Jamnagar factory was being set up, the so-called, "international expertise" hired said the plant would take two years to commission. But Mr.Ambani believed and made the plant get commissioned in 1 year and 6 months. Again look at the example of the Tatas, who I am sure believe in this country and desired an Indian car for Indians. Today, our automobile industry is on its way to becoming globally acknowledged and Ratan Tata has now stated that he wishes to bring a Rs. 1,00,000 (one lakh) car into the market. I believe in him, if there is a man who can make it a reality, it is he. If as Indians we begin believing in each other, our institutions and our dreams, a pipedream today, will be the reality of tomorrow.
Technorati Tags: India, MBA, CAT, GMAT, IIT, IIM
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