How Black Money Affects Education?
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How Black Money Affects Education?

How Black Money Affects Education

As we all know, that in prehistoric time our country, India was famous as Golden Bird due to the reason that our populaces were more enlightened with respect to synchronization and teamwork, functioned in very fervent & frank manner in order to provide true results of their functioning to each and every person without any self-interest or jealousy. It implies that the people were not apprehended about their salary and not compare with other people. They concentrated on the wellbeing of the nation in complete terms rather than self. So that time, we were having the great economy in the world and great Education system as well. But as the country developed we moved towards the use of Black Money and did many scams such as Vyapam Scam (most common in all) to a large extent and thus the concept of money laundering came into being.

In early times, the manner of earning money was very apparent i.e. each and every person knows the origins of money and its use, and thus called white money. But nowadays it has been changed to Black Money

Black Money is the total of income generated from all the sources but has not been reported to the authorities, which are taxable. This is done to avoid taxes.

Black Money in Swiss Bank Accounts: India has fallen down to seventieth place with respect to foreign money deceit at Swiss Bank accounts for measly 0.10 % of total inclusive wealth stored in the country’s banking organizations. Even the CBI is not being able to retain the money back in our country.

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The tax eluders are maintaining the money away from what they deserve. If all of the Black Money in the tax harbors is restored and utilized by our government, all the stupendous liabilities of the country could be salaries and money would still be remained for spending.
  • Shortage of Technology: Due to the subsistence of Black Money in India, It is facing the dilemma of lack of capital.  This has the unswerving affect on the up-nuance of techno in all the disciplines. The chief causes behind these reluctant are the analogous economy.
  • Donations to Educational Institutions Converted to Black Money

    The profound donations compensated for admissions in Educational Institutions of advanced learning & yet hefty corporate Educational Institutions are yet another huge origin of generating and flowing Black Money. Are these contributions attained by cheques and not even its receipts are issued for proper transactions?  Are these recorded in the organization official accounts? The responses to all these queries are in negative. This is not accomplished due to several private Educational Institutions are operated by officials, politicians or factories that either collude with law compelling authorization or bribe them with the Black Money they generate. Black Money transactions took place in the surroundings and disclosing of question papers and assists in examination locations to get particular students exceed via deceitful manner or to attain few of them the highest ranks in exams. This not merely entails Black Money transactions but in addition producing scorns of our Educational system & exams.

    In earlier times, no long time before, the Education was a dignified profession. At that time, the creation of any Educational Institution (college or school) was a virtuous act. There was neither contribution fee nor even donations or other high amount fees. An individual joining any private coaching was thought to be a failure. But nowadays Education has turn out to be a big business providing field. We are providing the standard ways of outspoken payment referred to as capitation fee or donation, at distinct stages of Education:

    • PlayGroup or Pre-KG requires 36000 to 60,000 rupees per year
    • Junior Kinder Garden requires capitation fee of 30,000 to 5,00,000 with the fee excluded per month ranging from two to ten thousands.
    • 11th or 12th requires capitation fee  ranging from Rs 2,00,000 to 5,00,000 excluding the fee
    • Acquiring under graduate admission excluding fee requires
    • MBBS (Medical Field) 30,00,000 to 60,00,000 RS. capitation fee
    • BAMS & other course (Medical Field) 3,00,000 to 8,00,000 Rs. Capitation or Donation fee
    • Engineering Field needs 2,00,000 to 10,00,000 as donation fee
    • Post Graduation admission, excluding fee, requires :
    • Medical field requires one to four crores as capitation or donation fee
    • Management field  requires ten to twenty lakhs Capitation or donation amount

    Now, where does this so-called donation goes in actuality? The answer to this question is not yet known officially. Indeed, this money not even exists officially. This money is what we refer it to as Black Money.


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    0 # Tushar 2018-12-12
    Hello, I am from Churu I have secured 8,000 rank in NEET, plz let me know whic college I can get
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    0 # Jagan 2018-12-13
    Hii, for finding MBBS college you can go through mock counselling , please visit here- mock counselling, you can also get good MBBS college in Churu.
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    0 # Harikiran 2018-11-07
    Hello, I am from Ajmer, 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 # Pallavi 2018-11-08
    Hii, for finding it you can go through mock counselling , please visit here- mock counselling, you can also get good college in Ajmer.
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    0 # Tushar 2018-11-07
    Is there any entrance test for B. Ed course, can you plz suggest good colleges in West Tripura
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    0 # Shruti 2018-11-08
    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 West Tripura-B.Ed in West Tripura
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    0 # Nishith 2018-11-07
    Hii, I am from Zunheboto, plz tell me Do all the IIMs provide a degree or Diploma?
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    0 # Jagan 2018-11-08
    Hello, good to see that you are from Zunheboto, The IIMs provide a diploma certificate at the completion of the course.
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    0 # Aarav 2018-10-17
    Hello, I am from Udupi, tell me How can I check whether a B.Ed college is approved by NCTE or not?
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    0 # Pallavi 2018-10-18
    Once you have decided to do your B. Ed from a particular college, you can visit the website of NCTE and can check whether the institution is under the list of approved institution,you can find here find list of NCTE approved b.ed colleges in Udupi- B.Ed in Udupi
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    0 # Aayush 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 ,If you know about it please suggest me
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    0 # Pallavi 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 , they will admit you.
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    0 # Aarush Older than three months
    Hello, I have done B.Sc Honors in Mathematice, am I eligible for MBA, if yes plz suggest MBA colleges in Nalanda
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    0 # Shruti Older than three months
    Yes, you are eligible for MBA, any graduate can do MBA if one have maths in 12th, find the list of MBA colleges in Nalanda here- MBA in Nalanda
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    0 # Aarav Older than three months
    Hello. I am from Chitrakoot, plz tell me What are the points to consider for selecting a B. Ed college?
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    0 # Shruti Older than three months
    You should consider the fee structure and if you consider doing this course from other place except Chitrakoot, you should consider hostel facilities, you shouldalso consider whether the subject in which you wish to continue this course is available in the college.
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    0 # Harikiran Older than three months
    Hello, I am from Amravati plz tell me admission to B. Ed to IGNOU is made through entrance test?
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    0 # Pallavi Older than three months
    hii, good to know that you are from Amravati, Yes, Admission to B. Ed in IGNOU is made through B. Ed Entrance Test, which is generally conducted during the month of October/September each year.
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    0 # Lakshay Older than three months
    Hii, I am from Durgapur, 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 ?
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    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 Durgapur where without entrance you can take admission
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