Open Letter to Mrs Smiriti Irani about Stop giving my money to IITians.
Dear Smt Smriti Iraniji, At the drop of a hat, every government, including yours, says that subsidies are bad for the economy and should be done away with. Many of the subsidies in your ministry are going to those who don't deserve it. IITians are the most guilty of this pilferage. To make things worse, they hardly do anything for the country. Best-selling fiction is not known to help farmers. 1) To begin with, this is what they cost us While it takes over Rs 3.4 lakh to educate an IITian per year, the student pays only Rs 90,000 per year. The rest is borne by the government. That is close to Rs 2.5 lakh per student per year, which is being paid by the tax payer. If one extrapolates this to all the 39,540 students in the Indian Institute of Technologies, the cost borne by the tax payer on educating IITians extends to 988.5 crore annually. According to budget estimates, Rs 1703.85 crore is to be allocated to the IITs for 2015-'16. 2) What do we get in return for the Rs 1,700 cr...