Abi has a wonderful post about a fair mechanism to fund universities; the proposed mechanism is apparently based on what is practised in Australia. Apart from the sheer number of students that we have to educate, I do not see any problems with the proposal, in principle; in practice, of course, since those who are running the “education business” are the ones who have to bring about the changes, it might take a long time and lots of effort. In any case, the post is a must-read, if you are even remotely concerned about the Indian education system.