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.

You Must Read:
Find the Details of All Entrance Exams
Read the CAT Exam Details: Exam Date, Result, Application form
Find the Information of JEE Advanced

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.

Study Abroad is A good opportunity for Bright Career, To Know More Read the following:
All Important Entrance Exams for Study Abroad
Get to Know All Details about GMAT
Find the Important Details About GRE

Ask our Counsellors


Comments

0 # Jayesh 2019-06-10
Hii, I am from Doda let me know, What is the need of NEET Phase II?
Reply | Reply with quote | Quote
0 # Shruti 2019-06-11
If a phase I test taker of Doda oe other places is not satisfied his/her performance in the test or if a candidate has missed out to apply for NEET, he/she can apply for phase 2 exam, It is a second chance provided to aspiring candidates.
Reply | Reply with quote | Quote
0 # Lakshay 2019-05-20
Hii, I am from Udhampur, please tell me, Is a higher education in cancer a good choice after MBBS?
Reply | Reply with quote | Quote
0 # Mukesh 2019-05-21
Yes, it is a good choice as there is a considerable increase in the demand for oncologist in India and also abroad, But, it is important that you should choose a good institution of Udhampur or any other place for doing your PG in Oncology
Reply | Reply with quote | Quote
0 # Nishith 2019-04-15
Is there any age restriction applicable to apply to the B. Ed course, plz suggest good b.ed colleges in Chitrakoot as well
Reply | Reply with quote | Quote
0 # Pallavi 2019-04-16
Most NCTE recognized institutions from across the country require that applicants must have completed at least 18 years of age in the year of admission, some b.ed colleges in Chitrakoot are Jagatguru Rambhadracharya Handicapped University ; Shri Shankar Bhagwan Institute of Technology
Reply | Reply with quote | Quote
0 # Nishith 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 Tarn Taran,If you know about it please suggest me
Reply | Reply with quote | Quote
0 # Shruti 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 Tarn Taran, they will admit you.
Reply | Reply with quote | Quote
0 # Vaibhav Older than three months
Hii, I am from Ambedkar Nagar, plz tell me What is the difference between NEET and AIPMT for MBBS Admission?
Reply | Reply with quote | Quote
0 # Jagan 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 Ambedkar Nagar
Reply | Reply with quote | Quote
0 # Vaibhav Older than three months
Hii, I am from Pratapgarh, plz tell me Is there any provision that one can pursue any other management degree or diploma in IIMs without appearing for any entrance test ?
Reply | Reply with quote | Quote
0 # Mukesh Older than three months
No, for getting admission in IIMs for management course, you should have to clear entrance exam, but there are many other MBA colleges in Pratapgarh where without entrance you can take admission
Reply | Reply with quote | Quote
0 # Nishith Older than three months
Hello, I want to know about the entrance exam for MBA, also suggest some MBA colleges in Pune
Reply | Reply with quote | Quote
-1 # 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 Pune here-Symbiosis Institute of Mass Communication ; Indian Institute of Information Technology ; Ajeenkya DY Patil University ; Alard Group of Institutes
Reply | Reply with quote | Quote
0 # Aarav Older than three months
Hii, I am from Lakhimpur let me know, What is the need of NEET Phase II?
Reply | Reply with quote | Quote
0 # Pallavi Older than three months
If a phase I test taker of Lakhimpur oe other places is not satisfied his/her performance in the test or if a candidate has missed out to apply for NEET, he/she can apply for phase 2 exam, It is a second chance provided to aspiring candidates.
Reply | Reply with quote | Quote
0 # Vivaan Older than three months
I am from Bahraich, I have scored 82 percentile in CAT this year. Please let me know the colleges where i can get admission
Reply | Reply with quote | Quote
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 Bahraich.
Reply | Reply with quote | Quote
0 # Harikiran 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 Sivaganga,If you know about it please suggest me
Reply | Reply with quote | Quote
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 Sivaganga, they will admit you.
Reply | Reply with quote | Quote