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By:

Quaid Najmi

4 January 2025 at 3:26:24 pm

TET postponed after paper leak, three held

Mumbai: In another shocker, the Maharashtra Teacher Eligibility Test (TET) question paper has ‘leaked’ - barely 24 hours before the scheduled examination on Sunday - jeopardising the future of thousands aspiring to join the noble profession of teaching, officials said here. Reacting quickly, the Maharashtra State Council of Examination cancelled Sunday’s paper scheduled to be held simultaneously at 1,028 centres across the state and said that the new date will be announced early next week. As...

TET postponed after paper leak, three held

Mumbai: In another shocker, the Maharashtra Teacher Eligibility Test (TET) question paper has ‘leaked’ - barely 24 hours before the scheduled examination on Sunday - jeopardising the future of thousands aspiring to join the noble profession of teaching, officials said here. Reacting quickly, the Maharashtra State Council of Examination cancelled Sunday’s paper scheduled to be held simultaneously at 1,028 centres across the state and said that the new date will be announced early next week. As many as six lakh candidates were scheduled to appear for the examination across 1,728 centres at 37 locations, officials said. The paper leak was detected and verified swiftly by Bhiwandi Police in Thane district which has arrested three alleged suspected, two from Bihar and one from Haryana, who were planning to hawk it for a staggering sum of Rs. 1.50 crore, suggesting the involvement of an inter-state gang behind the incident. Giving details, the Bhiwandi Additional Commissioner of Police Ashok Dudhe said that the question paper was allegedly being ‘sold’ for a staggering Rs 1.50 crore, indicating a well-organised racket transcending the state border. He said that early on Saturday, Deputy Commissioner of Police (DCP-II) Dr. Pawan Bansod received a confidential tip-off and he immediately alerted senior officials who launched a discreet operation to track and apprehend the culprits. “An informant tipped us that the accused were travelling from New Delhi to Mumbai carrying copies of the TET question papers. After verification, we laid a trap and arrested the three suspects in Bhiwandi. However, the kingpin/s behind the racket remain absconding,” Dudhe said. Police said that the papers were to be sold for Rs 1.50 crore for which advance was reportedly collected from some persons. The arrested accused are: Rajiv Shah, 45 and Akash Kumar, 30, both of Patna in Bihar and Dheeraj Kumar, 28, of Panipat in Haryana. Four Sets Official sources said that the police sleuths accosted the suspected trio in a local hotel room where they were staying, questioned and searched them. They recovered four sets of purported copies of the crucial TET paper from them. Upon sustained questioning they admitted that these were the copies of the TET examination question paper of June 28. Experts from the MSCE were immediately summoned to confirm the documents recovered and the officials confirmed that many of the questions apparently were similar to those in the official TET exam paper of Sunday. Armed with the information, the Kongaon Police Station in Bhiwandi initially detained the trio, filed a case and then placed them under arrest. They are slapped with charges under the Bharatiya Nyay Sanhita Sections 318(4), 316(5) and 61(2), besides stringent sections of the Maharashtra Examination Act, 2024, said Senior Police Inspector (HQ) Shailesh Salvi. As news of the paper leak spread like wildfire, thousands of candidates vent their ire before the mediapersons and on social media, demanding an overhaul of the public examinations monitoring systems and stringent punishment to the accused. SIT Formed The Thane Police have formed a 9-member SIT comprising Dr. Bansod, Sachin Sangle, Dr. Vinay Marathe and other officers, to investigate the source of the leak, identify the masterminds, and determine whether the network was linked with similar examination scams across the country. The TET paper leak comes days after the nationwide furore over the NEET 2026 exam paper leak with questions raised on the country’s public examinations system amid claims and assurances of tight security and monitoring. Congress, CJP flay govt Maharashtra Congress President Harshwardhan Sapkal and Cockroach Janta Party founder Abhijeet Dipke pounced on the state government, accusing it of failing to safeguard the future of thousands of deserving candidates. They demanded a thorough probe and stringent action against everyone involved, lamenting how a series of examination scandals have damaged the credibility of the state’s education and public exams systems. “The government is not bothered. They are busy with breaking political parties. The so-called double-engine regime is to be blamed for the ‘double-leaks’ in such a short time. The education minister must resign,” demanded Dipke. The examination system has come under a cloud with several entrance and recruitment exams, including the NEET, UGC-NET, the Maharashtra TET and others cancelled or being probed in the past three years, triggering huge public outrage and raising question marks on the careers of lakhs of candidates.

Silent Money Killer: Loss of Buying Power

In personal finance, we often worry about losing money in the stock market, dislike the volatility associated with equities or mutual funds, or feel anxious about missing out on a hot investment tip. Yet the biggest threat to our wealth is far quieter and far more dangerous: loss of buying power. It is the invisible erosion of your money caused by inflation - a force that operates every single day, without pause, without headlines, and often without being noticed until it is too late.

Inflation does not take away your capital visibly. It does not reduce the number in your bank account. Instead, it reduces what that number can buy. A Rs 100 note today buys far less than what it did ten years ago. This gradual and relentless decline is what truly destroys long-term financial security.


The real damage happens when people invest in financial products that earn less than 10 per cent returns, especially over long periods. India’s long-term inflation averages around 6 to 7 per cent. When you add lifestyle inflation - the rising cost of healthcare, education, housing, travel, and personal aspirations - your effective inflation rate is often much higher.


So, if you are earning 5 to 8 per cent on your money, you are not growing your wealth. You are moving backward.


This is why low-yield products, despite feeling safe, often end up becoming wealth destroyers. Your money appears protected, but its strength - its ability to buy goods, services, experiences, and opportunities - is weakening year after year.


Fixed-income products like bank fixed deposits and recurring deposits are essential, but only for short-term goals within the next three years. Beyond that period, the returns simply do not keep pace with inflation. A few products are a financial mess - they are locked in for the long term with poor liquidity and still give less than 8 per cent returns, which creates major problems in your financial goals journey.


To genuinely grow wealth, your investments must consistently outperform inflation and achieve more than 10 per cent returns. For long-term financial goals - whether 5, 10, or 20 years away - only a few asset classes have historically achieved this:


Direct stocks

Equities represent ownership in businesses. As companies grow their revenues and profits, shareholders participate in that growth. Over long horizons, equities remain one of the most reliable inflation-beating asset classes.


Equity and hybrid mutual funds

These funds offer equity-debt-gold diversification, professional management, and disciplined investment structures that are essential for long-term compounding.


Gold

Gold has been a time-tested hedge against inflation and periods of economic uncertainty.


Ultimately, financial planning is not about protecting your principal. It is about protecting and enhancing your purchasing power. That is what funds your child’s education, your child’s marriage, your retirement lifestyle, and your long-term dreams.


Inflation does not announce its arrival. It works silently. The only defense is intelligent asset allocation and a long-term investment mindset.

Your money is supposed to work for you. Make sure it continues to do so - not just in numbers, but in real value.


(The author is a Chartered Accountant and CFA (USA). Financial Advisor.Views personal. He could be reached on 9833133605.)

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