Loader

B-School Events

April 04, 2017 @ 01:15 PM

desktop image
mobile image

April 04, 2017 @ 01:15 PM

Simsr
K. J. Somaiya Institute of Management Studies and Research, Mumbai

9 Easy Steps to register for SIMSR (Infographic)

Download Now

Government Funded Public Educational Institutions and Hospitals should also be brought under ambit of Cost Audit

Published : Thursday, 03 July, 2014 04:17 PM
 
Prof. (Dr.) J.D. Agarwal, Chairman, Indian Institute of Finance has welcomed the government’s decision for the cost audit of real estate companies, hospitals and educational institutions to drive in transparency and to keep a check on their costing.
 
Prof. (Dr.) J.D. Agarwal, Chairman
 
According to him, it would provide a lot of relief to the users of the services as some of these organizations have been charging far above the cost incurred by them. A reasonable amount of surplus is justified feels, Prof. Agarwal. The government order to maintain the cost records by these institutions would help these institutions as well to fix up the pricing.
 
However, Prof. Agarwal strongly feels the order to be applied only in case of private educational institutions and hospitals is against the tenet of level playing field. The Government financed educational institutions like IIMs, IITs as well as hospitals including building organizations like NBCC, HUDCO should also be brought in ambit of cost Audit and should maintain cost records, as these institutions are financed by public funds collected from public vide direct and indirect taxes.
 
Dr. Agarwal reiterates that there is all the more reason to maintain the cost records by these institutions as they are given free land, grant-in-aid for building infrastructure and finances for planned and non-planned expenditures out of the treasury i.e public funds, besides enjoying the government patronage. Some of these institutions have emerged to be quasi monopolies.
 
Dr. Agarwal strongly feels that no public institutions should to be allowed to charge extravagantly for services rendered by them when they are funded by the government from the taxes collected from people.
 
Stay informed, Stay ahead and stay inspired with MBA Rendezvous 

Crucial Dates, You Should not Miss

Manav Rachna International Institute
of Research

Admissions Open for all MBA programme at Manav Rachna International Institute of
Research and Studies.
CII School of Logistics Amity University, Delhi and Mumbai
Admissions Open at CII School of Logistics Delhi and Mumbai campus, Apply Now!
GITAM School of International Business, Visakhapatnam
Admissions open for MBA programmes at GITAM. Application Deadline is February 20, 2018
XIME
Application Last Date for Online Submission - February 25, 2018
TAPMI, Manipal
Last date extended to 11 February, 2018. Apply Now.
BIMTECH, Greater Noida
Admissions open at BIMTECH, Greater Noida
ICFAI Business School
Admissions Open at ICFAI Business School Apply Now!
FORE School of Management
Apply for PGDM & PGDM-IB Programmes. Application Deadline is January 18, 2018.
MDI Murshidabad
Applications for PGPM 2018-20 at MDI Murshidabad are open
NIRMA
Last Date to Apply for MBA (Full Time) Programme at NIRMA is January 29, 2018
Institute of Public Enterprise, Hyderabad
Last Date to Apply for IPE, Hyderabad is 21st January, 2018
IMI New Delhi
Admissions Open for Executive PGDM at IMI, New Delhi. Application closes on February 12, 2018.
K J Somaiya Institute of Management Studies & Research, Mumbai
Last date for Application is 31st Jan, 2018
SDMIMD Mysore
Application for PGDM 2018-20 at SDMIMD is open till February 28, 2018
GITAM

Admission Open Now

Following Colleges are accepting applications.

IMI New Delhi

INTERNATIONAL MANAGEMENT INSTITUTE

Admissions open for 2018-20

PGDM, PGDM (HRM), PGDM(B & FS), Executive PGDM

Apply Online