Indian Business School is ranked 15th in International educational institutions; that is the proud moment for India and that is the topmost achievement for any Indian educational institution. Also, it is surprising that Indian Business School overtakes IIMs, IITs like great educational institutions and paltry educational bodies, whose quality structures are in dolldrum, like ICAI, ICSI, ICWAI, etc. It is better for INDIAN GOVERNMENT that they should handover the responsibilities of ICAI, ICSI, ICWAI to Indian Business School & link Indian Business School to apex bodies and dissolve ICAI, ICSI, & ICWAI, so that no malpractices will happen in forthcoming bright future of corporate culture. Also, it is also desirable that all charters given to these three i.e. ICAI, ICSI, ICWAI, organisation members should have to be withdrawn permanently. At the moment of charters given to members of these third class educational institutions being taken back all black money will came into the system as white money & no special efforts will be required to overcome economic crisis. Government must have to pay attention to this important issue. ICAI is the institution which is 100% responsible for the parallel economy running in this country. If Ministry of Company Affairs is unwilling to this, then it is the presumption that ministry also part of the fraudulent system & their intentions were not to curb the malpractices but to proliferate the same.
