<div><span style="line-height: 1.4;">The question of regulation of colleges has always been a bone of contention between private universities and the regulatory authorities. Most regulators are seen as villains by the institutes, but students see them as heroes.</span></div><div> </div><div>The issue of regulation was thoroughly discussed at the Businessworld | BW India's Best B-Schools event.</div><div> </div><div>R.C. Natarajan, director of T.A. Pai Management Institute (TAPMI), spoke against any kind of regulation in B-Schools. According to him, the worst and most regulated sector today in India is education.</div><div> </div><div>He cited the example of an institute set up by some American B-Schools. They simply refused to comply with any conditions and come under the scrutiny of Indian laws. This prompted the Indian government to blacklist the institution. Still, that institute's one-year diploma is considered equivalent to a two-year course by many recruiters.</div><div> </div><div>"The more you comply, the more are you regulated," Natarajan said.</div><div> </div><div>"In education world, different set of regulations are present for the self-supported institutions and the government funded. When it comes to giving grants in the areas of development, maintenance and research, the private institutes should be supported by the government. I am okay with the idea of regulation without bias," said Harivansh Chaturvedi, director of Birla Institute of Management Technology (BIMTECH).</div><div> </div><div>"There is no point in threatening the private institutes under the UGC act. In certain cases, private institutes have a better faculty than the IIMs and pay them better in order to retain them. Thus, the fee regulation should be left to the market," he added.</div><div> </div><div>"Certain set of policies and certain set of people who are dealing with AICTE (All India Council for Technical Education) have somehow abused the process due to which there is a bit of angst about the whole thing. One of the big issues we need to deal with is how much of regulation is aiding the student to take that leap towards employability and skill building and how much of regulation is impeding the institutions in providing the right kind of education that is needed to succeed in the modern world," said Peri Maheshwer, chairman of Pathfinder Publishing India Pvt. Ltd.</div>
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