Dear Doctors, Of the 422 medical colleges in India, 224 are private, accounting for 53% of MBBS seats. • The going price for an MBBS seat could range from Rs 1 crore in colleges in Bangalore to Rs 25-35 lakh in some in UP. • Seats in MD in radiology and dermatology cost up to Rs 3 crore. With agents and college managements colluding to sell many of the 30,000-plus MBBS and over 9,600 postgraduation seats in private medical colleges, back-of-the-envelope calculations suggests that about Rs 12,000 crore in hard cash changes hands in this black market every year.
The bulk of the money is paid in cash, leaving no trace of the transaction. And despite the advertisements giving the game away, the government has not cracked down on this black market or taken steps to arrest the rot in the medical education system. Why the Government is not taking any steps to control these black money…
