Management schools get interim relief with SC stay order
Chaturvedi is alternative president, Education Promotion Society of India, which along with the Association of Indian Management Schools, had petitioned the apex court against the notification. He says he is in possession of the minutes of the meeting held on 20 September 2010 when the controversial provisions were put on the table. Chaturvedi claims that the meeting was held and the crucial decision was taken "without a quorum". Interestingly, the dearth of regulations in management education in India has been a cause for worry. According to figures provided by Career Launcher, a management test preparation company, there are approximately 3000 MBA colleges in India. "Very optimistically, only 150 of these provide quality education," says chairman and co-founder, Gautam Puri. FICCI general secretary Dr Rajiv Kumar proposed a self-regulatory mechanism which can be adopted by management institutions at will. "It is just a beginning of an idea; an intermediate st