accreditation

The AICTE has mandated that we purchase subscription to e journals for our MBA course. The bill is likely to be a couple of lakhs per annum. Just after a discussion about this with the Head of the mngmt department, I was walking back and met a few MBA students ....they are having their internals. Each was carrying a guide book. There is this "all in one guide to MBA" that is very popular amongst students. I used to be in charge of exams, and during every exam, I have seen all MBA students faithfully studying this.
So for whom is this expenditure of lakhs per annum?
An NDTV program -- someone says the AMRI was given a high rating by the NABH. The response to that was...at the time of inspection, the hospital was probably compliant with the high standards of the NABH.
This is what all accreditation agencies do. Just before the NAAC peer team visit, a college is dressed up, records filed beautifully, hundreds of useless books bought for the library, trees planted and the college gets an A grade.
The whole charade is such a waste of time and scarce money-- money that could be used productively.
No one really cares whether actual teaching is being done, or the learning outcome...nothing. Just comply with a few rules, keep good looking files ready and you are an A grade college.
The converse is that you may have excellent staff, students who learn a lot and a lot of value addition given to the students by the college, but if you don't have pretty files taht say so, you are a C grade college.