Know the Impact of Demonetization on Higher Education

Know the Impact of Demonetization on Higher Education

Know the Impact of Demonetization on Higher Education

Right from the date when the Government of India announced on the demonetization of Rs.500 and Rs.1000 notes on the 8th of November 2016, the merits and demerits of the move are being highly evaluated by professionals from different sectors. Without any doubt, the cessation of the usage of these notes has brought about an impact on the daily life of common people. It has without any doubt affected the retail business and trade and even many other sectors in the nation.

Impact on the Higher Education Sector:

When talking about the impact of demonetization on different sectors, it becomes important to evaluate its impact on the higher education sector, which is one of the major sectors contributing towards the country’s economy. Let us now explore the impact of demonetization in the higher education sector:

Capitation Fee:

The Dean of Welingkar Institute of Management, Ms Madhavi Lokhande has shared that capitation fee is widely accepted in two segments in the country. They are the nursery admission and in professional higher educations. She added that for the first time, there is going to be a great impact on the capitation fee due to demonetization. It is further added that higher education institutions will find it hard to sell the so-called management quota seats.

Affordable Education to Meritorious Students:

As a positive outcome of demonetization towards higher education, it is expected that higher education is going to become affordable for meritorious students, which is very much similar to that of impact of demonetization on real estate market. It is something good and inviting, such that meritorious students are not denied of higher education just because they do not have money.

Professional Higher Education Institutions to Face Impact:

From the words of the chairman of Kerala-based Holy Grace Academy that runs a number of professional colleges Mr Raju Davis, it was stated that this move of government is surely having an impact on the higher education sector.

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Impact of low or no Capitation Fee:

When the higher education institutions cannot collect any capitation fee, they cannot provide better quality infrastructure to students. Even there are chances that they cannot pay better salary to their professors, which can also have a negative impact on the quality of education.

Conclusion:

From the overall picture, it is believed that demonetization will be beneficial for meritorious students, while it will be a negative thing for higher education institutions as they cannot fill up their management quota seats by collection a huge fee.

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Comments

0 # Vaibhav 2020-01-30
Hello, I am from Jhansi I have secured 8,000 rank in NEET, plz let me know whic college I can get
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0 # Jagan 2020-01-31
Hii, for finding MBBS college you can go through mock counselling , please visit here- mock counselling, you can also get good MBBS college in Jhansi.
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0 # Aayush 2020-01-27
Hii , I am from Panvel,Can anyone tell me about complete selection procedure about IITs and NITs and at which time exams for these are conducted?
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0 # Jagan 2020-01-28
Hello, good to see that you are from Panvel, for IITs and NITs, you have to give entrance exam, For NITs JEE Main is the entrance exam and for IITs JEE Advanced is the entrance exam
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0 # Aarav 2020-01-27
Hello, I am from Pollachi, want to know How to get admission to MBBS at JIPMER
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0 # Shruti 2020-01-28
For getting admission, you should go through online entrance test known as JIPMER MBBS, after clearing this you can get admission in this institute, you can also find other good MBBS institutes of Pollachi-Medical in Pollachi
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0 # Priyansh 2019-12-16
Hello, I am from Sindhudurg, want to know How to get admission to MBBS at JIPMER
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0 # Mukesh 2019-12-17
For getting admission, you should go through online entrance test known as JIPMER MBBS, after clearing this you can get admission in this institute, you can also find other good MBBS institutes of Sindhudurg-Medical in Sindhudurg
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0 # Tushar Older than three months
I have secured 55% marks in 12th ,I think its too low to get admission in any good engineering college in Dohad,If you know about it please suggest me
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0 # Mukesh Older than three months
yes, your percentage is very low, I will not suggest that you should choose engineering as a career, but still you want to do engineering you can try for private college in Dohad, they will admit you.
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0 # Aayush Older than three months
Hello, I want to make career in engineering but so confused about its branch, Please suggest me the best branch which would have good scope in future, also suggest good colleges in Jaintia Hills.
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0 # Shruti Older than three months
You should take branch according to your interest, if you have interest in software or programming choose computer science, if you have interest in machines, choose mechanical, etc, some good engineering colleges are Jowai Polytechnic
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0 # Rohan Older than three months
Hii, I am from Pathanamthitta, plz tell me What is the difference between NEET and AIPMT for MBBS Admission?
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0 # Mukesh Older than three months
Both NEET and AIPMT are conducted for admission to MBBS and BDS Courses, NEET is national level test, while AIPMT is conducted by CBSE for admission to these courses in government medical and dental colleges of all places including Pathanamthitta
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0 # Rohan Older than three months
Hello, I am from Pratapgarh, want to get admission in BITS pilani, My rank in JEE is 40,000, please suggest me that i am eligible to get admission in BITS or not.
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0 # Jagan Older than three months
Hii, for finding it you can go through mock counselling , please visit here- mock counselling, you can also get good college in Pratapgarh.
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0 # Aayush Older than three months
Hii, What are the career opportunities of Bachelor of Education course after my degree, also suggest some b.ed colleges in Sirsa?
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0 # Mukesh Older than three months
The B. Ed course is an excellent choice for making career in teaching profession, it is very respective profession for candidates, find some good colleges for it-National College of Education - Sirsa ; JG College of Education ; Bhagwan Shri Krishan College of Education (for Women) ; Triveni College of Education
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0 # Vivaan Older than three months
Hii, I am from Bhavnagar, I want to do M.Ed, but I have not B.Ed, is it possible?
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0 # Mukesh Older than three months
No NCTE approved M.Ed colleges/universities in Bhavnagar or any other place admit the students only after B.Ed
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