Introduction

Neoliberal capital is the dominant form of capital accumulation globally, and there is no denial to this fact. There is plethora to understand its origin, character and its operational dynamics (Duménil and Levy, 2013; Harvey, 2007; Saad-Filho and Johnston, 2004; Steger and Roy, 2010). What would it mean to say so? It simply means that capital unabashedly destroys all boundaries that enclosed it and restricted expansion of its accumulation process. The distinctions between state and market vanish or diminish to a great extent as state becomes a facilitator of this accumulation process (Kumar, 2014). Ranging from the foreign policy to domestic restructuring of the ideas of welfarism, all are wrapped in an invisible cloak that ultimately seeks maximization of surplus for the constantly hungry capital. Hence, states no longer remain hesitant to open up those sectors, which have remained outside the realm of the private capital. Most notable among these have been the education and health sectors. It is being opened to the insatiable capital that quenches its thrust only through bringing everything into the realm of exchange, and the only value that remains is that which can be embodied in the form of money, a commodity shorn of any human content. It therefore must not be surprising how the Indian state has been trying hard to open up the education sector to corporate houses. Sadly for it, there is no centralized legislation to the effect though some of them have been pending for quite some time in Parliament. The Twelfth Five Year Plan stated this clearly when it expressed the need to allow educational institutions to be registered under Companies Act.