 statement of objects and reasonsnowadays running an unaided private school has become a business there are a number of unaided private schools throughout the country being run by a handful of persons, - the main aim of these persons is to earn money rather than imparting good education these schools are charging hefty tuition fee besides other charges in the name of donations, building funds, computer fee, etc not only this, these schools after availing the necessary tax concession are not investing the fund for the development of the schools the teachers _ in these schools are underpaid and have no service benefits like medical facilities, provident fund, etc there are cases of retrenchment/suspension of teachers without any reason whatsoever the management works in connivance with officials the women teachers are _ subjected to various kinds of harassments 4 education is not safe in the hands of such unscrupulous persons overcharging of fee on one hand and under payment to teachers on the other hand is the modus operandi of - these people the tax laws are violated with impunity therefore, it has become necessary to set up adequate mechanism to monitor, regulate and contro! the thriving education business not only to ensure that children get good education but also to protect people from exploitation hence this bill new delhi; kashiram rana march 3, 2005  financial memorandumclause 3 of the bill provides that the appropriate government shall, within its territorial jurisdiction, establish an education authority to regulate the functioning of the unaided p ivate schools the bill, therefore, if enacted, is likely to involve expenditure from the consolidated fund of india it is estimated that a sum of rs eighty lakh will be: involved as tecurring expenditure per annum from the consolidated fund of india non-recurring expenditure to the tune of rs ten lakh is also likely to be involved  memorandum regarding delegated legislationclause 12 of the bill empowers the central government to make rules in consultation - 4 with the state governments for carrying out the provisions of the bill the matters for which | the rules will be made are matters of detail only as such the delegation of legislative power - is of anormal character 