Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Top Indian schools caught in IL&FS Bond embrace

Updated: April 15th, 2019, 11:23 IST
in National, Prime News
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi: In the continuing IL&FS noxious bonds saga, the creme de la creme of some of top educational institutions of India have now come under the bus. Some of the toniest names have their staff provident funds enveloped by the disturbing scandal. A hapless government and new Uday Kotak-led management looks on, but does nothing as the case is being heard in NCLAT. While NCLAT wants to speed up the hearing on the intervening petitions filed by the parties impacted, the new management/government cannot let those who have impleaded get priority in the creditor queue.

IANS, which has been at the forefront of reporting this scandal of epic proportions which keeps burgeoning due to the emergence of new details constantly, top of the line academic institutions are now directly in the line of fire. Their staff PF is afflicted by the virus.

Also Read

Fraud Risk

RBI asks banks to use DoT tool to curb cyber fraud

6 hours ago
Starlink

Starlink can begin India services after IN-SPACe nod: Scindia

8 hours ago

The list compiled after painstaking research reveals Welhams Girls’ School Dehradun, American Embassy School New Delhi, Kodaikanal International School, the prestigious Mayo College Ajmer which incidentally has two entries, Ashoka Hall in Kolkata and then the fabled DAV College Trust with six entries, DAV College with three entries, Manipal Academy of Higher Education with 12 entries while Manipal Institute of Technology has an additional 5 entries.

Notable alumni from Manipal include Satya Nadella, Rajeev Suri, Rajeev Chandrasekhar, Vikas Khanna and many others. DAV Chandigarh is the alma mater of Capt. Vikram Batra, Ayushmann Khurana and Rajiv Pratap Rudy. Mayo alumni include Maharaja Hari Singh of Kashmir, Jaswant Singh, K. Natwar Singh, Amitabh Kant while those from Welhams include Brinda Karat, Deepa Mehta, Radhika Roy.

A case of some being more trusting of the veracity of the IL&FS triple A rated bonds more than others. Teachers who impart education at these institutions are part of a larger community of working class people who are suffering as their savings are now affected. Moreover, another excellent Kolkata institution – Orient Day School in Behala with 107 faculty members has also invested staff PF in these bonds. Ditto for a solitary government-owned Kendriya Vidyalaya which too is stuck with this Chinese pup.

It is the teaching staff at these blue riband institutions whose provident fund money is tied up in the bonds. Let us understand that the teachers at some of the best boarding schools must be better paid than other peers in day schools. Mayo College for instance charges Rs 650,000 p.a. for a resident and Rs 13,00,000 p.a. from NRI. Over and above this, a development fee of Rs 26,600 is charged p.a., a computer class fee of Rs 7,700 p.a. Further caution money of Rs 325,000 is charged from a resident and Rs 650,000 from a NRI. Next admission fee of Rs 82,500, one time IT fee Rs 24,900, impress money of Rs 40,000, uniform advance of Rs 25,000 et al.

At American Embassy School New Delhi, the fee structure is in dollars. Annual tuition fee Kg to grade 5 $12,860, grade 6-8 $13,830, grades 9-12 $14,500. The school also charges a registration fee of $5,750 per student payable on first enrolment, an application fee of $200 and a round trip bus fee of $820. The dollar is potentially around Rs 70 currently.

IANS

Tags: American Embassy School New DelhiIL&FS BondKodaikanal International SchoolMayo College AjmerNCLATWelhams Girls' School Dehradun
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar Ghibela

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Jyotshna Mayee Pattnaik

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019

Archives

Editorial

Hungary Lessons

Hungary
July 2, 2025

Revolting against oppression and seeking freedom is ingrained in human nature, something that a repressive regime finds out sooner or...

Read more

New Democratic Face

Zohran Mamdani
July 1, 2025

US President Donald Trump, who had comfortably defeated his Democratic rival Kamala Harris in the recent presidential election and exuded...

Read more

Proof To Vote

Vote
June 30, 2025

Months ahead of the Assembly polls in Bihar, the Election Commission of India (ECI) on 28 June launched a ‘special...

Read more

Genesis of Jana Sangh

AAKAR PATEL
June 29, 2025

We marked the 50th anniversary of the Emergency a few days ago. Another anniversary, this time the 75th, went relatively...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST