Know the Impact of Demonetization on Higher Education
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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 # Vivaan 2018-03-05
I am from Kottayam, plz tell me the time duration of MBBS course in India
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0 # Pallavi 2018-03-06
In India, the present duration of MBBS course is 5.5 years, The actual course period is 4.5 years and one year of rotating internship should be completed, you can find some good MBBS colleges in Kottayam-Government Medical College ; School of Medical Education - Kottayam
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0 # Jayesh 2018-02-09
Hello, i have completed 12th with 92% marks, now i want to take admission in best engineering college in North East, plz share the list
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0 # Shruti 2018-02-10
Hii, You secured very good percentage, you can get best engineering college, plz check here Engineering in North East
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0 # Nishith Older than three months
Hello, i have completed 12th with 92% marks, now i want to take admission in best engineering college in Guwahati, plz share the list
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0 # Pallavi Older than three months
Hii, You secured very good percentage, you can get best engineering college, plz check here Engineering in Guwahati
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0 # Himmat Older than three months
Hii, I am from Datia, please tell me the duration of B.Ed course
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0 # Jagan Older than three months
Hello, Good to see that you are from Datia, the duration of B.Ed course is 2 years
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0 # Aarav Older than three months
Is there any entrance test for B. Ed course, can you plz suggest good colleges in Krishna
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0 # Mukesh Older than three months
Different states in India conduct different entrance exam for admission in this course, These entrance tests generally test the language & proficiency, subject knowledge, reasoning and general awareness and teaching proficiency of applicants, find the list of B.Ed college in Krishna-B.Ed in Krishna
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0 # Aarav Older than three months
Hello, i want to get admission in best B.tech college in Faizabad, Also suggest me about the Various streams of B.tech
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0 # Jagan Older than three months
Hello Sir, Thankyou for your comment. Please visit Engineering in Faizabad for best B.tech colleges in Faizabad, Hope you will get best college from the list, Also various major streams in B.tech are Electrical, Electronics, Mechanical, Civil, Computer Science etc.
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0 # Aarav Older than three months
Hii, I am from Auraiya, 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 Auraiya or any other place admit the students only after B.Ed
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0 # Rohan 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 Rajkot,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 Rajkot, they will admit you.
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0 # Rohan Older than three months
I belong to Tumkur, plz tell me As per 2016 ranking, which is the best MBBS college in India
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0 # Shruti Older than three months
The first position is held by Delhi AIIMS, followed by Vellore’s Christian Medical College, AFMC, Pune, Maulana Azad Medical College, Delhi and the fifth position is held by the GGMC & SIR J.J. Hospital in Mumbai, you can also find some good colleges in Tumkur- Sri Siddhartha Medical College
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0 # Lakshay Older than three months
Hello, I want to know about the entrance exam for MBA, also suggest some MBA colleges in Jaunpur
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0 # Jagan Older than three months
There are various exams for MBA i.e. CAT, MAT, XAT, SNAP, etc, you can give CAT for IIMs, find MBA colleges in Jaunpur here-Sikkim Manipal University - Jaunpur ; Veer Bahadur Singh Purvanchal University ; Veer Bahadur Singh - VBS Purvanchal University
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