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Universities across the country may now have to resort to cashless means like bank transfers, cheques and credit/debit cards while making use of periodic funds from University Grants Commission (UGC). The commission said the move was in order to bring in accountability, transparency and seamlessness in the process of transfer of grants. The commission said it has virtually made payments cashless and decreased the interface between stakeholders and employees of the organisation.

A German finance expert has warned that the country’s federal states could be entering a “dangerous race to the bottom” regarding legislation on transparency in cooperation between industry and higher education. He believes that cooperation agreements should be publicly accessible in order to guarantee academic freedom. The professor of finance and political economy at Aalen University, contested a contract between the University of Mainz and the Boehringer Ingelheim Foundation, the country’s largest pharmaceutical company that also engages in research.

It has been argued, that the way to address the problem of unethical student recruitment agencies is to ban them. But are all education agents inherently bad? No. Are there serious issues and potential pitfalls? Absolutely. Although the use of education agents is fraught with potential problems, it is possible to develop ways to address legitimate concerns related to the holy trinity of accountability, integrity and transparency.