DPS Athwajan Marketing Education and Making Huge Money: Fee Setting Commission
The school collected Rs. 40-50 Cr each year in 2017-20; Huge money siphoned off by manipulations
Srinagar, November 02 (KNO): The Committee for the Fixing and Regulation of Private School Fees (FFRC) said on Tuesday that Delhi Public School (DPS) Athwajan was using the institution to make huge money.
The FFRC said: “From the facts, it seems at first glance that, thanks to a well-thought-out plan, the educational institution (DPS) is being used to make a huge amount of money, money that would not have could not be won by large companies “.
The FFRC said the committee has a legal obligation to ensure that there is no commercialization of education.
“The facts that unfolded in the file of this case require a thorough investigation into the financial affairs of the DPS School, Athwajan, Srinagar to ensure that there is no commercialization of education and for ensure the goal of the Jammu and Kashmir School Education Act 2002. and the repeated orders of the Supreme Court to ensure that there is no commercialization of education, it is therefore ordered that the government appoint an independent authority to examine and investigate the financial affairs of the DPS, Athwajan, Srinagar, more particularly in the light of the observations made in this order ”, we read
“The authority must submit its report to the FFRC within two months from the date of its appointment and until further notice from the FFRC, the president, director or management of DPS School, Athwajan, Srinagar must maintain the fee structure (excluding admission fees) that was charged during the 2018-19 academic session, as the school president admitted that no increase has been made in the fee structure for the last three academic sessions, ”said the FFRC.
The committee said the matter would be reconsidered after two months
“The school administration is not authorized to charge and collect admission fees, refundable deposit fees, a security deposit from students or parents, which is not authorized by the section. 20F (1) of the Jammu and Kashmir School Education Act 2002.
The FFRCs take charge of the case
What has been observed in this order further shows that there is a huge disparity between the payments reported to have been made in terms of statement of receipts and payments and the rent paid in the year in question to landlords. .
On top of that, around six crore rupees was spent on repairs and maintenance from 01.04.2017 to 31.03.2020.
The DPS Memorial Trust is created by Vijay Dhar, his wife and two sons, who are its directors. The DPS Memorial Trust established the school named DPS School, Athwajan, Srinagar.
The revenue and payment statements show that amounts between 40 Crores and 50 Crores each were received during the 03 years mentioned above.
Receipt and payment statements from these years further show that each year a loan is advanced by a particular group of people at school and in return they receive, at first glance, more than what has been advanced. as school loan or trust. . What is the requirement to advance loans each year in the face of the school’s enormous income, generates the answer?
True, 12% interest was charged and collected on the loan.
This loan facility is provided by the trustees or owners of the land. Even financial institutions charge barely 12% interest on business loans. If the school needed financial aid, regular financial institutions / banks had to provide the same on low interest, since financial aid was needed to run the affairs of the educational institution, which provides education, if not charity. job.
Rent is collected by the trustees of the trust, who happen to be the owners of the land.
At least eleven cars were made available to the school without specifying who they are and what is the need to keep eleven cars in the educational institution.
Huge amounts have been paid as expenses for accommodation and food when the school is a non-boarding school.
Huge expenses have been made on advertising, travel, car traffic, etc.– (After-sales service)