Guess what India is a Democratic Republic … well is it ? if u read on u will think more than a democratic it looks like a banana republic.. Wow!!
The Government has come up with a ‘code of conduct’ for secondary school teachers most of who are underpaid or late paid (especially in govt grant schools), including those in private schools.
Education Dept in Maharashtra is planning / proposing to ban teachers in Maharashtra’s private schools from investing in stock market. source ET
Reason being they consider it as GAMBLING !!! (looks like some babus have been burnt bad by the market bust and the Reliance and other Ipos )
Worse they expect that the teachers and family to invest only in cooperative banks and credit societies.
If u didn’t know, some credit societys’ and coop banks in hinterlands mostly owned / controlled by most Congress and NCP Polliticians are heavily mismanaged – and a few are worse than the Z group companies and solely survive due to the Maharashtra government largess, something that has made the state having a debt burden taller than Kalsubai the tallest peak in the state , so large that a part of the Mantralaya was attached by the DRT. Without the Rbis moral suasions some urban coop banks like the SIC bank, etc would also have gone under, with the moneys of their depositors.
Isnt this Bizzare? Has something like this been done even in a communist country like China ?
Funnily there was a fraud in The Teachers’ Cooperative Bank in Nashik sometime in 1998.
The proposal also puts restrictions on investments and business by family members of the teachers. If any member has an insurance policy, or is involved in insurance business or any other business, it needs to be reported to the Deputy Director of education, according to the proposal.
It also stipulates that teacher should not marry a person whose ex-partner is alive and also bars teachers from entering into a marriage contract sans permission from school management. The proposal also adds that marriage to a foreigner should be reported to the management.
The proposal also puts restrictions on teachers’ participation in social or political movement and asks them to convince family members to do so. They would also be required to inform the management if a family member wants to contest election.
Why not add another proposal to make them only have 2 kids or less ? Id support it. Are we behind an Iron curtain or what?