CBSE (Central Board of Secondary
Education) takes action as parent community of various schools wants the schools
to disclose their detailed financials. The parent community has been joyous
after CBSE had asked all the schools to disclose detailed financials effective November
In a survey conducted by
LocalCirlces engagement platform, 89% of the citizens wanted that schools
should disclose their detailed financials on their websites. And the same
should be implemented on priority.
81% of the respondents want a
regulatory body should be created for controlling the school fees. As of now education
bodies like CBSE cannot regulate the fees directly.
In a survey which was conducted
on more than 10,000 people, 73 percent said that the schools with profit
objectives should be categorized as companies instead of trusts or societies.
Parents were also asked “What
should be the basis of Fees Hike along with the quantum of hike”?
In some of the schools the fee
hike has been as high as 40%.
41% of the respondents said that
the fees hike should be linked to inflation, which is currently 6-7%. 20% said
that the hike should be capped at 10% per annum, while 15% said the fees hike
should be linked to the hike in salary by 7th pay commission.
In a statement issued by the
LocalCircles said “We hope that CBSE would look into the concerns raised by the
parents and take seriously the need of a fees regulator, which will enable organizations
wanting to set up schools for profit.” The statement also said that “fees hike
should be linked to inflation and should not be raised in random and abrupt