Development of Education

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Education is about teaching, learning skills, and knowledge. The Indian government allocated about US$8.6 billion to education for the current financial year. It is also important for educators to teach ways to find and use information. In democracies, through education, children and adults are supposed to learn how to be active and effective citizens.

Opportunity backbones:

Indeed, it is estimated that the scope for private participation is almost five times the amount spent on education by the government. CLSA calculates the total size of India's private education market could reach by 2012, with 11% increase in the volume and penetration of education and training being offered.
Education in India is regulated at both central and state government levels. As a result, regulations often differ from the state. K-12 education is governed by the respective state school Education act and the central board of secondary education rules and regulations concerning affiliated with any other body.

Alternative paths:

Alternative routes do exist for investors seeking to avoid the web of regulatory barriers that constrain their involvement. Core projects and Technology is also focusing heavily on India and is likely to bid takeover, upgrade and run public schools for specified periods on a public-private partnership basis.
The UGC coordinates determine and maintain standards and the release of grants. Upon the UGC's recommendation, the central government declares the status of an educational institution, which once authorized, is entitled to award degrees.
Not-for-profit and anti-commercialization concepts dominate higher education fee structures. To prevent commercialization and profit-making, institutions are prohibited from claiming returns on investments. This, however, does not pose a hurdle for universities interested in mobilizing resources to replace and upgrade their assets and services.
Legal precedents:
In order to be awarded university status by the UGC, institutions must comply with the objectives set forth in the Model Constitution of the Memorandum of Association/Rules, and ensure that no portion of the income accrued is transferred as profit to previous or existing members of the institution.
The Supreme Court concluded that parliament was responsible for ensuring the maintenance and uniformity of higher education institutions in order to uphold the UGC's authority. Following the judgment, only those private universities that satisfied the UGC's norms were able to continue operating in Chhattisgarh.

Professional institutions:

Professional and technical education in India is regulated by professional councils such as the All India Council for Technical Education (AICTE).. The AICTE has recently exerted pressure on unrecognized private technical and management institutes to seek its approval or face closure.
The court found that the Chartered Financial Analyst Institute, a US-based organization, was engaged in imparting technical education and that its charter, though not described as a degree or diploma, was nevertheless descriptive of the candidate attaining an academic standard, entitling him to pursue further courses, and achieve better prospects of employment in the investment banking profession. The AICTE argued that the Chartered Financial Analyst Institute fell within the ambit of its regulation and was therefore obliged to submit to the jurisdiction of the regulatory body.