Emergency Leave And Pay 1 Purpose 2 Scope 3 Definition: Fill & Download for Free

Your case stands like this :Age : 30 (unmarried)Corpus : Rs 3 Crore (Savings)Aim : Planning for early retirement.Being unmarried gives you a scope of living a long life along with keeping your expenses low but suppose you want to get married the you have a family to take care of. In that case I would ask you to get married and plan this with your spouse and if she supports the idea then definitely one should go ahead but you must plan for all the expenses occurring in the future which has to be paid from this Rs 3 Crore saved up and the returns generated.A week back , I was contacted by a 28 year old lady to make a goal based plan for her which will make her financially independent by the age of 50 and here requirements were like yours.She is married and expecting a child next year in May which means their expenses are going to take a sudden drift which will involve them to take a better healthcare policy along with better living condition. Her and her husband were earning a combined healthy income of Rs 80,000 / per month.On going expenses and investments :Expenses :Rent (Rs 20,000)Monthly Groceries (Rs 10,000)Eating out and Shopping (Rs 15,000)Cook, Maid and Bills (Rs 10,000)Investments :Recurring Deposit (Rs 5000) * 2Cash Surplus :Join Account (Rs 10,000)Apart from this, the couple have a Fixed Deposit of Rs 5,00,000 in HDFC Bank and both are contributing minimal enough for their EPF funds. Tax is not an issue as the House Rent Allowance covers it up.I have asked then to make a few changes to this and follow the plan which is :Emergency Fund : Mandatory Expenses per month * 12 : Rs 4,80,000 (They already have an FD of this much amount so once it matures next year they have to move it to move it to liquid funds or another FD).Medical Cover : They don’t have any term insurance or medical insurance as of now and depend on the one one which is provided with the employer so as them to get :Rs 1,00,00,000 (Rs 1 Cr) worth of term insurance for which they have to pay an EMI of 900 / month .Rs 10 lakhs + Rs 5 Lakhs top-up family floater medical insurance for which they have to pay an EMI of Rs 1,200 / month .Short Term Goals : Have asked them to stop the Recurring Deposits which will mature in next year with a corpus of Rs 1.5 lakhs each (Rs 3.0 Lakhs total). This will leave them with an invest-able surplus of Rs 30,000 considering they have to limit their shopping expenses.Vacation (Next Year) : They have a budget of Rs 1,00,000 which can be financed by the RD maturity next year.Car (Next 3 years) : Rs 1,00,000 from RD maturity will be put in a liquid fund (debt) with less volatility and monthly SIP of Rs 10,000 to this account which will fetch them a corpus of 5 Lakhs after 3 years and can be used to buy a small family car.Furniture Replacement (Next 3 years) : Rs 1,00,000 from RD maturity has to be put in an FD for the next three years which will become 1,20,000 and sufficient enough corpus for makeover.Long Term Goals :Child Education (Next 20 years): Considering a nominal 4% inflation in education system, they have to shed out Rs 30 Lakhs for the education like Engineering. I asked him to invest Rs 5,000 in a Multi-Cap fund considering post tax returns of 10%.Home (Next 22 years): The best decision they have taken so far is to retire back in hometown where they have an ancestral land , so they need corpus to create a house over. They are expecting a corpus of 35 Lakhs which can be achieved by investing 5000 in a mix bag of hybrid funds which includes debt and equity both considering a post tax return of 7 %Retirement (Next 22 years): As they will be shifting to their hometown which is a Tier-3 city with their own home then will have minimal expenses and biggest cut will be Rent. They have to start a step up SIP at 7% increase with the remaining Rs 10,000 for their retirement which will be invested in 60–40 equity : debt component and will be re-balanced on every 5 years. Along with this their EPF contributions will grow out to be of same amount which will make their corpus as Rs 3,00,00,000 (Rs 3 Cr) in total which will genrate a post tax return of 6% and will fetch Rs 18,00,000 (Rs 18 Lakhs) per annum. Rs 1,50,000 will be inflation adjusted to their expenses of Rs 30,000 today.I have not disclosed the name of any mutual funds as it will attract indirect promotion to them otherwise you can feel free to connect with me to get your plan created FREE of cost.Jumping back on the initial question, yes you are in every state to retire but have you figured what you want to do once you retire? If yes, go ahead and retire. If not , you have already achieve financial freedom but you should stay put in your job till the time you get the answer or your purpose.Get your goal based financial plan at Rs 99/- onlyPlease Upvote as it will mean a lot to me. Feel free to contact me in comments or my email in profile . You can also join my page “Jago Niveshak” with 2.6k+ followers for daily content on money.Continue Reading

The answer to this question depends on the definition applied to the term ‘colonize’ and how far back in history one wants to go. The further one goes back into history the less countries remain that never got colonized.Having read up on the term colonization, I will define this phenomenon as: the establishment by a foreign people of political control over a territory in order to settle it or to subjugate its natives in order to exploit them or their resources.The distinction between these two forms of colonization is rather imprecise in practice because they have in many cases - though not in all cases - overlapped.One important caveat: the process of settlement, conquest, subjugation, etc., started early in prehistoric times, meaning long before written or known history. We have almost no information of what happened in prehistory so we will just stick to known history.The best way to answer the question is to eliminate all known cases of colonization in history. This means that we can, at the very least, ignore any country that was under colonial rule by a modern Western country, or the Ottoman Empire, or Imperial Russia or Japan. As you can see from the snapshot below that covers a lot of territory.Following these rules, if a country is not mentioned, you may consider that it was colonized at some point in history.COUNTRIES THAT WERE NEVER COLONIZEDAfrica: EthiopiaArguably, Ethiopia is the one and only country in Africa that could field a reasonable claim to never having been colonized. The core areas of Ethiopia appear to have been governed continuously - for millennia - by native Ethiopian rulers. To quote Wikipedia:Tracing its roots to the 2nd millennium BC, Ethiopia's governmental system was a monarchy for most of its history. In the first centuries AD, the Kingdom of Aksum maintained a unified civilization in the region, followed by the Ethiopian Empire circa 1137. During the late 19th-century Scramble for Africa, Ethiopia was one of the nations to retain its sovereignty from long-term colonialism by a European colonial power. Many newly-independent nations on the continent subsequently adopted its flag colours. Ethiopia was also the first independent member from Africa of the 20th-century League of Nations and the United Nations.Still, there are a few facts that deserve mention.To start with, Italy briefly, for a period of approximately 5 years (1936–1941), occupied Ethiopia with the intention to colonize it. However, given the extreme shortness of the occupation, the Italian occupation hardly merits the qualification of colonization. Should we insist on classifying the occupation of Ethiopia as colonization, we may have reconsider history and apply that categorization to many more nations that were briefly occupied during the Second World War period, for example, Denmark or Belgium.Additionally, while the core areas of Ethiopia have never been colonized, it should be noted that Ethiopia itself could be and has at times been classified as a colonial empire. Near the end of the 19th century, Abyssinia, as Ethiopia used to be called, expanded by conquering and annexing territories to the south, east and west. The two largest groups - there are many more - that were in this process conquered and subjugated include the Oromo (Oromia Region) and the Somali in the Ogaden. Note that the expansion of Abyssinia, a Christian state, also resulted in the subjugation of various Muslim states and large Muslim populations.In a sense we could call Ethiopia a hybrid case of a country that has, in part, been a colonizer, and in part, colonized territory.Two articles that provide a reasonably good view Ethiopia’s history as a political entity are: Ethiopia - Wikipedia and Menelik II - Wikipedia.East Asia: JapanIn Japan, we have another nation that can reasonably assert the claim that it has never been colonized.The Japanese people were biologically and linguistically formed in prehistoric times. Japan has subsequently never - except for a brief period following its defeat at the end of the Second World War - been occupied by any people foreign to the Japanese archipelago. The occupation by the Allied forces was so brief that it did not result in colonization.Still, colonization was also part of the history of the Japanese archipelago, as evident from the history of the Ainu people.For a proper view on the case of the Ainu people, by exception, prehistory is relevant. Note that the prehistory of the Japanese archipelago and this period still seems to be the object of scientific dispute; nothing seems to be quite settled or certain. No one seems to have the complete picture what really happened in Japanese prehistorical times.The first culture established in Japan is the Jōmon culture (14,000–1,000 BC). Jōmon culture appears to have ranged from Hokkaido to the Ryukyu Islands, meaning the entirety of the Japanese archipelago.The JapaneseThe Yayoi (300 BC–300 AD) followed the Jōmon period and Yayoi culture flourished in a geographic area from southern Kyūshū to northern Honshū. Archaeological evidence supports the idea that during this time, an influx of farmers from the Asian continent to Japan absorbed or overwhelmed the native hunter-gatherer population. To fast forward and to take a short cut, The Japanese people seem to have gradually emerged from the Yayoi culture following a great deal of further cultural influence from China and Korea.The AinuThe Ainu are an indigenous people of Japan (Hokkaido, and formerly northeastern Honshu) and Russia (Sakhalin, the Kuril Islands, and formerly the Kamchatka Peninsula). Recent research suggests that Ainu culture originated from a merger of the Jōmon, Okhotsk and Satsumon cultures. The Ainu appeared to have resisted further cultural development, continuing as a society of hunter-gatherers.A recent genetic study has revealed that the closest genetic relatives of the Ainu are the Ryukyuan people, followed by the Yamato people (i.e., the Japanese) and Nivkh. To put it plainly, the Ainu and Japanese (the Yamato people) share genes.It seems like a misconception to think of the Ainu as more and the Japanese as less indigenous. The case seems to be that they shared roots in a locally established culture (Jōmon) but mixed with different inflows. Also, the Japanese lived more to the south whereas the Ainu lived more to the North.My answer, as I explicitly noted, is based on historical times. In terms of historical times, both the Japanese and the Ainu can without a shadow of doubt claim to be fully indigenous to Japan.The one qualification that one can reasonably make about Japanese history is that the Ainu, in historical times the original inhabitants of Hokkaido, and northeastern Honshu, were indeed the object of colonization, suffering from marginalization on their own lands in much the same way as did Indians in the US and Canada or the Aborigines in Australia.So, in the case of Japan we have two narratives. The Japanese (Yamato) people can, during historical times, without a shadow of doubt be deemed native to the greater part of Japan (the geographic area from southern Kyūshū to northern Honshū). These facts serve as solid grounds for asserting that the Japanese (Yamato) people as a nation have never been colonized. Still, it would also be accurate to think of Japan’s northern-most territories – the original lands of the Ainu people – as colonized territory.South Asia: Nepal and BhutanNepal and Bhutan are generally acknowledged as never having been colonized. As far as their history is concerned, the peoples of these two nations can be dated from prehistoric times.Europe: ScandinaviaIn Europe one can safely exclude all countries that have been colonized or conquered by the Greeks, Macedonians, Phoenicians, Romans, Lombards, Franks, Vikings, Normans and their successors, the Anglo-Normans, Swedes, the Grand Duchy of Moscow and its successor Imperial Russia, the Teutonic Knights and the Livonian Order, the Magyars, Ottomans and the Bulgars.That conceivably leaves us with Denmark, Sweden, and Norway.In historic times Denmark, Sweden, and Norway have been continuously inhabited by Germanic tribes that evolved into the present-day Danes, Swedes and Norwegians.Historically the Danes, the Swedes, the Norwegians and their ancestors, the Vikings, lived in regions that were in antiquity and the onset of the Dark Ages considered inhospitable, poor and primitive, which kept away colonizers from sunnier places.On the other hand, the poverty of the Vikings made them eager migrants and colonizers. During the Middle Ages, they sent out expeditions to occupy and colonize places such as the British islands, the French coast, Finland, Iceland, the Faeroe islands, Greenland, the Baltic countries and Russia.Scandinavia: NorwayI mentioned Norway as one of the countries of Europe that was never colonized. Indeed, it has been a separate kingdom continuously from the Middle Ages until modern times.On the other hand, the Norwegian kingdom fell victim to royal merger & acquisition activity first by the Danish and then the Swedish royal houses. This resulted in a nominally distinct kingdom (Norway) being ruled for almost 500 years from first Copenhagen and then Stockholm. In a sense, the union between Norway and Denmark or Sweden was about as equal as that of England and Scotland.During that period it was never colonized or treated as a colony. To provide a comparison, the Danes and the Swedes, while keeping it on a somewhat short leash, never treated Norway as ghastly as England did Ireland.So, while the relationship of Norway to Denmark and Sweden had all the hallmarks of an unequal union and a dependency, one can reasonably posit that it was never colonized.Oceania: TongaAs far as historians and archaeologists have been able to determine, Tongans have continuously inhabited their group of islands with, for most of their history, no outside interference until the 19th century.Tonga averted colonization by treating to become a British protectorate under a Treaty of Friendship on May 18, 1900. The point of the treaty was to discourage German advances.Under the treaty with Great Britain (amended in 1905), Tonga agreed to conduct all foreign affairs through a British consul, who had veto power over Tonga’s foreign policy and finances. (Encyclopedia Britannica)The history of Tonga is unique in that its protectorate status did not lead to colonization, but prevented it. During the age of European colonial expansion, becoming a protectorate invariably meant becoming a colony, as happened for example to Tunisia.It should be noted that Tonga was for centuries an imperial power projecting some degree of hegemony in large parts of the Pacific.In short, Tonga can reasonably lay claim to never having been colonized.REVISITED CLAIMSThere a number of nations that are frequently mentioned as countries that have never been colonized. This is generally quite correct if we limit our perspective on the topic to the process of European colonization during the last few centuries. However, when look at the deeper history of these countries we have cause to conclude otherwise. Below we revisit the history of these countries.Southeast Asia: ThailandThailand is frequently considered the one country that escaped colonization. Thailand however is the end result of the colonization by Tai peoples who migrated from southwestern China to mainland Southeast Asia from the 11th century. Before that period, various Indianised kingdoms such as the Mon, the Khmer Empire and Malay states ruled the region. The Khmer Empire, the precursor of Cambodia, once ruled almost the entire area of present-day Thailand. See map below.East Asia: ChinaChina’s history is in practical fact one of settler colonialism in the finest tradition familiar to the Anglosphere.It is in many respects quite similar to the American experience. In an analogy of the expansion of the United States and its European population to the West, the Han Chinese expanded from their heartland in the Yellow River Basin to the north, west and south and they have been doing so for over four millennia. Just as in America, this was a process of conquest and state sponsored settlement.The process also has some degree of similarity to the history of the Roman conquests in Italy itself and in the Gaul. The Romans after conquering Italy and the Gaul combined settlement by Roman colonies with the assimilation into Roman culture of the various Italic and Celtic tribes. In the same way, the conquest of Southern China, Sichuan and Manchuria combined settlement by Han Chinese with the sinification of the local population.This process is continuing even today as Han Chinese are settling almost Manifest Destiny style in Tibet and Xinjiang Uygur Autonomous Region at the expense of respectively the Tibetans and the Uygurs. It should be noted that the areas originally belonging to the Tibetans and Uygurs comprise more than a third of China’s national territory.Then again, in a process that started in the 19th century and culminated in the 20th century, substantial portions of China were subjected to outright colonial rule by Western powers and Japan. The most important examples of these are the colonization of Manchuria and Taiwan by the Russians and the Japanese and Shanghai, its largest trading port and industrial city, by a consortium of colonial powers.All in all, China can never honestly claim that it has never been colonized.East Asia: MongoliaMongolia simply defies categorization.For the duration of most of the 20th century it was a nominally independent country, which in practical fact was under the heel of the Soviet Union. During the communist era, Mongolia’s internal affairs were directed straight from Moscow. Mongolians suffered, in tandem with the peoples of the Soviet Union, almost every atrocity that Soviet communism could inflict.Before that, it was for a few centuries subject to Manchu rule, though for the most part relatively lightly so, plus more in the manner of a feudatory state than in the likeness of a colonial possession.If we go further back in history, the origins of the Mongolians is obscure and complicated. Mongolic peoples appear to have been present in Mongolia from prehistoric times. However, they appear to have shared, almost into historic times, the steppes of Mongolia with various Turkic tribes, which they either vanquished and absorbed or pushed out of Mongolia. That is more a tale of rivalry - with a nasty ending for the Turkic tribes - than colonization.One could with some degree of plausibility assert that Mongolia was never colonized, as long as we keep in mind that it regained genuine sovereignty only after the demise of the Soviet Union.Mongolia goes to show that there are sometimes no simple and straightforward answers.Southwest AsiaTurkey, Iran and Afghanistan are considered to be countries that have never been colonized. Each of these countries has been able to sustain some degree of sovereignty during the last 200 years. In any case they were not colonized by European settlers or conquered by European powers for exploitative purposes for long periods of time.Southwest Asia: TurkeyStill, Turkey cannot be considered a country that has never been colonized. As the former Asia Minor it was successively colonized by the Hittites, Assyrians, Phrygians, Cimmerians, Medes, Aeolian and Ionian Greeks, the Persian Achaemenid Empire, Macedonians, Galatians, and the Romans. Turkey as we know it today is the product of last colonization wave, the Oghuz Turks originating from Central Asia, which transformed the former Asia Minor from a predominantly Christian and Greek-speaking region to a predominantly Muslim and Turkish-speaking one.Southwest Asia: IranIranian ancient history is hard, really hard to untangle. During the Bronze Age, the territory of present-day Iran was home to several civilizations, including Elam, Jiroft, and Zayanderud. Since the earliest second millennium BC, Assyrians settled in swaths of western Iran and incorporated the region into their territories. Next, the ancient Iranian people, conquered the various earlier peoples. So far, so good. Yet, the Iranian people also included various tribal groupings, the Medes, Persians, Parthians, Scythians and Cimmerians, which at various points in time vied for hegemony over the Iranian plateau and at other times collaborated. It is not easy to think in terms of colonization, though these various groupings were not averse to enslaving and exploiting each other when opportunity beckoned. In any case, we can say for sure that the Macedonians conquered the Persian Achaemenid Empire, which then became the theater of intense Greek settlement.It is little known (in the West) that Iran also suffered extensive colonization first by the Rashidun Caliphate (an Arab Muslim empire) and then by various Turkic tribes.The conquest of Iran by the Caliphate - though little known in the West - is a story comparable to - and nearly as epic and traumatic as - the conquest of Spain by the Moors. It was a military mission conceived, in everything but name, as a colonial enterprise with the Arab rulers fully intending to exploit their new non-Muslim subjects, which they had reduced to the dhimmi status, by making them pay a special tax, the jizya (tribute).A few centuries later, Turkic tribes started migrating to Iran, eventually taking over political power, starting with the Ghaznavids. After the Ghaznavids, political power in Iran has alternated between rulers of Persian stock and Turkic stock, a cycle ending only ending with the Qajar dynasty (deposed in 1925), a royal dynasty of Turkic origin. One legacy of this is the large percentage of the Iranian population that is of Turkic extraction.Southwest Asia: AfghanistanI won’t be discussing the Afghan history in great detail as it overlaps to a significant degree with the Persian history. Additionally, in antiquity, Bactria, as Afghanistan was called, was after its conquest by Alexander the Great, the theater of intense Greek settlement and empire building. Just read this link.A GENERAL NOTELooking at history one is struck by one characteristic that seems common to the majority of countries that were never colonized. Many of these countries exhibited colonial aspirations, some even imperial ambitions. This was the case for Ethiopia, Japan, Denmark, Sweden, Norway and Tonga. One can look up their colonial or imperial histories on Wikipedia.As far as I can tell Nepal and Bhutan exhibited no such aspirations.TO SUMMARIZECountries with a reasonable claim to never having been colonized in historical times are:EthiopiaJapanNepalBhutanDenmarkSwedenNorwayTongaIn all other cases, if you go back far enough, there will be some sort of history of colonization.The breakdown by continent of countries that have never been colonized:Africa: 1Asia: 3Europe: 3Oceania: 1The Americas: 0I consider Antarctica out of scope as there are no countries on it and because does not have an established population that represents a genuine political community.FURTHER READINGIf you liked the answer above you might also like my answers to the following questions:Which African countries gained independence peacefully?Which country is still not independent?POSTSCRIPTUM(2 May 18) It is pointed out by another answerer, David Wilson, that Tonga can reasonably lay claim to the predicate of never having been colonized. I agree with David. See answer by David. I amended the answer above accordingly, adding a paragraph about Tonga(2 May 18) It was pointed out in a comment by Audun Bie that Norway can reasonably lay claim to the predicate of never having been colonized. I agree with Audun. See also his comment. I amended the answer above accordingly, adding a paragraph about Norway.(2 May 18) Reading the comments, I would like to clarify the following premise of my answer: relatively brief occupations by foreign aggressors, that ended in the relatively quick expulsion of the aggressor, do not count as colonization. It is for this reason that I do not consider the occupation of Ethiopia by Italy or for that matter that of Thailand by Japan, but also the many countries occupied by Nazi Germany including for example Denmark or France, as acts of colonization.(7 May 2019) 1. It was pointed out in a comment by Jaako Eesti that the Ainu people were colonized by the Japanese. I agree with Jaako. See also his comment. I amended the answer above accordingly by including into my answer the body of my reply to Jaako.

First of all, this question needs to be a lot specific. Comparison between Bits Pilani Pilani campus and one of the new IITs is meaningless. Same applies to comparison between an old IIT and Bits Goa/Hyderabad/Dubai(?) campuses.Secondly, what makes a college better depends on the individual and his requirements. But answering the question in a general sense, the real bugger is comparison between Bits Pilani Pilani Campus and an old IIT like IIT Bombay.Since this answer requires a subjective treatment,there is a lot of ground to cover, so hold back,stretch your hands,relax, make yourself a coffee and find a good couch as this will take time to read.First lets analyze on points that are believed to give Bits an edge over the IITS:(1)Reservation:Reservation is one messed up system and we do have students above 5k rank in core branches, boasting their IITB credentials. Situation is even worse in other IITs as IITB witnesses higher cutoffs than any other IIT. However the rest half are arguably the cream students of the country and for a population of 1.3 billion, that’s saying a lot. This makes IITB an incredibly competitive place and in general, the level and quality of competition is definitely much higher than that in Bits.Besides majority of students in Bits also have ranks above 5k ,so even the reserved crowd logically offers more or less the same competition. IIT(old)ians in departments like electrical and cs, whether reserved(OBC) or not, still possess much higher ranks than Bitsians. The OBC btech cutoff for cs and electrical at iitb remains around 300 and 1200 respectively. Nobody with right mindset would have chosen Bits with those ranks. SC/ST’s are whole other stories but they comprise just 22% of the population. So the general crowd in an old IIT based on entrance tests is better than the regular Bitsian crowd. The best in IIT are at whole new level while the mediocre are not so far behind.The impact of reservation on overall quality is felt only in new iits. It may feel not difficult (but only in your first year) to score more than the average even if you perform poor, thanks to reservation. On the flip side, try to score maximum marks in an exam and you will regret being born.(2)No attendance: This is a major argument given against IITs that Bits follows zero attendance policy and hence gives more freedom to its students. However this hardly makes a difference as professors in Bits ensure attendance through unannounced tut tests or covering stuff out of slides in lectures. Besides most of the courses at IITB also are relaxed on attendance and it really depends on the professor. Most of the courses in the first year IITB had no attendance requirement. Following a passion during lecture hours doesn’t make much sense if you want a decent academic record. The only relaxation that zero attendance policy provides is that one will still be allowed to give term end exams even with zero attendance, or one can pay uninterrupted attention to private endeavors like startup, etc.(3)Dual Degree: This is really a very nice policy at Bits where they have integrated Msc courses with BE ones. Hence one can graduate with both a bachelors and a masters degree in different streams and this allows for a lot of flexibility. Any engineering stream of one's choice can be clubbed with the dual at a low cgpa cutoff. Dual degrees certainly provide Bits an edge over IITs. There is no such concept at IITB.For people smartly pointing out that IITB also has dual degree courses, take a deep breath and try to understand what's being said here. The dual courses in iit is very different from bits pilani even though both are called dual degrees. See comments for more info.(4)Practice Schools: Another good policy of Bits. Students are almost certain to be interned at the end of second and fourth year. There are extremely high number of opportunities at IITB also but there is no certainty. The minor flip side is that you cannot attend PS2 if you missed PS1.(5)Deciding own timetable: In Bits you can choose own timetable but that’s only if you have a high PR number(randomly generated each semester) else you will have to compromise on your instructors/schedule. All this is not of much consequence overall.(6)Fees: Fees in Bits is a tad higher than IITB but you get exemption on fees if you perform well in Bits. There is no such provisions at IITB. SC/STs study at this premier most institute for free and no reason at all. The closest you can come is a Merit-Cum-Need or some private scholarship. All this is pretty irritating.Edit: Fees is no longer a tad bit higher in bits as the administration there treats the students as gold mines for its vision 2020.(7)Seclusion: Pilani is located very remotely with nearest cities being Delhi and Jaipur, both around 200 kms far. So for every little initiative or career requirement you have to shuttle between cities. Though the enthusiasm for startup is great at Pilani, one has to travel to Delhi again and again to run it. IITB being located right in the financial capital of the nation offers much more opportunities and attracts companies more.Comparison of experience at both the institutesCampus: Both the institutes have a breathtaking campus to boast, with IITB campus being larger and greener, while the Pilani campus being cosier and less green due to the geographical location of Pilani. The Bits campus is slightly better maintained and has got more places where you can simply lay down,relax and stargaze or something like that. The Saraswati Temple , the grass area of NAB(New Academy Buildings), and the Sky Lawns are great places to spend time in peace.Meanwhile the IITB campus feels more spacious and has a cooler appeal to it.Overall, both campuses are worth taking a pause to appreciate their beauty.2.Clubs: Club culture in Bits is more or less meaningless. The first few weeks of a fresher is spent in tedious interactions with seniors and if you can impress them, you might get selected in a department. Interactions for clubs are meaningless as ultimately auditions for them are what that matters eventually. Further if you somehow couldn’t make into a club that you are interested in, there is very little possibility you will be given a second chance. However once you do get in a C/D, you will spend a good time. One positive aspect of this is that senior-junior interaction at bits is very high from the start. You make contacts with tons of seniors effortlessly, which kind of felt missing at IITB where there was minimal interaction in the beginning. Gradually however, through various channels like working in institute bodies, department events, etc. you get in touch with a large number of seniors in IIT also.In IITB, scenario is different as “enthu” is the main thing that’s required. Anyone can work if one is interested. For tech teams, of course they expect you have the required skills if you join late, but the process is much less stringent. The orientation of each club were exciting events and the participation was purely voluntary. This system works way better as you get to freely experiment with the work involved in different bodies at your comfort level and then gauge your interests accordingly. All this freedom and opportunity to explore varied sorts of work was highly missing in Bits.Both institutes have clubs for most of the activities.3.Ragging: Zero(rather negative) in IITB, dismal in Bits Pilani. Only during interactions when you visit seniors, you might be asked to give your intro and stuff but everything’s under control. In IITB if a senior is caught in a fresher hostel in the first month, he will face a hard time justifying that.Besides that, there is an excellent system at IITB to provide a 4th-year student as ISMP mentor to the freshers to assist them in all their difficulties and guide them, and a DAMP mentor (of the same branch) in the following years to help you regarding all academic or curriculum problems. Such a system really ensures one gets a proper guidance and stay comfortable with the insti life and policies.4.Facilities:Mess- Food quality is definitely better at IITB especially in senior hostels. IIT mess is markedly better as it serves 4 times a day, provides a lot more variety to food than Bits’ mess, has wifi, TV and is more spacious. However, Bits somewhat compensates that by having a nice canteen in the mess itself and by organizing regional dinners called “Grubs”, but even that is retaliated in IITB by organizing multiple gala dinners and hostel events.Library-Bits library is better hands down. Its much larger, aesthetically much more beautiful, calmer and has got an excellent environment and facilities to read and study. Obviously, all sorts of books and facilities are available at both libraries, it is just that the Bits library is better built and maintained. Plus its got a nice CCD machine.Workshop-Mechanical Workshop in Bits was much better than at IITB with more shops and a stricter first-year course that focused heavily on the details of the processes involved. Plus the equipments were provided in the workshop itself and needn’t be bought, unlike at IITB.Internet-The net speed at Bits made me laugh and cry at the same time. Wifi speed is okayish while Lan speed is laughable. There were restrictions on many sites. The only relief was the software labs in NAB but that too was closed after midnight. One had to rely on mobile data outside hostels and DC++ to download stuff.IITB, on the other hand, offers high Lan and wifi speed clocking around 100mbps and has got wifi in every building. There is no restriction of any kind, except torrents. So IITB has a lot better internet connectivity.Hospital-Bits had a medical center that closed down in the evening(lol) and in cases of emergency, you would have to call the warden who will in turn either come himself with his car or send for an ambulance. Besides one cannot expect very good medical services in a small town like Pilani. The medical center was also not very up to the mark.The IIT hospital is a very large one with 24-hour emergency service, very sincere ambulance service and highly skilled doctors. A medical file of each student is maintained and the medicines are supplied free/subsidized rates. One can find medical assistance for any trouble.Hostel-Bits has better living conditions :P if you think for 4 years. Gandhi, SR,Ram and Buddh bhawans are very nicely built and are spacious. Rest all hostels can be described as “meh”. The rooms are sufficiently large, open; no space crunch so hostels are only one story high. There are small courtyards in the hostels where one can play cricket, badminton, etc. and the common room had TT tables, TV and CCD service at night. Any complaint was immediately dealt with. However the washrooms in older hostels were miserable and cleaning staff wasn’t very sincere.IITB hostel rooms for the first year are as good as it gets, offering a very nice view of Sameer hills from the windows and with a nice large Refugee area on the 7th floor where one can chill out and enjoy the scenic beauty of the Powaii area(including Vihar and Powaii lakes). The common rooms are spacious and have TT and foosball tables. Besides rooms get cleaned once every month by the staff. However things go somewhat ugly after the one year paradise. The hostels for sophomores and third year UG male students seem no less than haunted places with rooms small enough to put slums at Dharavi to shame and old enough to remind us of the colonial era.Edit: Most of the crowd in the older hostels have been shifted to the newly formed Hostel 18 with single rooms, which has top notch infrastructure and facilites.For any recreation, one needs to go to SAC which is not very far away.Infrastructure:The Saraswati Temple,Rotunda, NAB area and FD5 are really well built and comfortable to spend time in. The Bits campus is small so reaching from one place to another usually take no longer than 15 minutes. However the SAC and GymG(sports ground) were small and very ordinary and there was not much scope to pursue a new skill/sport if you are a beginner, or barring a few activities there was not much emphasis overall on extra-currics. IITB on the other hand has a very good Lecture Hall Complex and excellent facilities at SAC, better roads in the campus, more comfortable classrooms and really nice auditoriums.Transport in Pilani is a big pain in the ass with no direct trains and limited connectivity to the nearest station Loharu. Inside the campus, the autos charged profusely though there was never a need to ride with them. On the other hand, IITB is located right in the city and inside the campus, tumtum services are good and the autos charge moderately.The FD2/FD3 divisions in Bits were old. IITB does have more halls for teaching and better maintained department classrooms.5.Sex Ratio: Both are engineering colleges at the end of the day. Be prepared to die single, no exceptions here.6.Life in the campus:In bits life was more chilled out(or lite) as the academic pressure was a little lesser and the no attendance rule always cut off some slack. Beside the late night culture in bits is really popular and the campus is much more alive at night. Places like ANC, SR reddy , Rotunda see a lot of footfall and team meets. Such thing is missing at iitb as people mainly gather in the canteens but don’t roam around the campus or carry out their business too late at night.There are many places in Bits where one can hang out to eat or celebrate. There were reddys for each of the 14 hostels, ANC, Sky Lawns and a few restaurants inside the campus. As compared to that, IITB also has a similar case with many canteens and cafes to eat. However, outside the Pilani campus, there were not many options. The Connought place was at a stone’s throw but had substandard food at high prices. There were very few restaurants/bars outside, no Dominoes, no McDonalds,no anything. On the other hand, outside the campus of IITB there is Hiranandani and the whole Mumbai city. Obviously there is no further need to mention anything more, you can explore new places and restaurants every day of the year if you want to.Being located in city area has its own perks. There is an ocean of options if one wants to hang out or plan a one day trip in IITB, notably for trekking. In Pilani, there is a lot of seclusion and less exposure. To have any little excursion or adventure outside the campus, one has to consider Delhi or Jaipur.Freedom: In IITB the institute gives somewhat more freedom to its students. You can leave or enter the campus at any time and roam outside all night if you want. In Pilani until this year, girls had to return back to their rooms by 10pm which I guess, sucked a lot, and is a pretty seneseless rule. Further there is no restriction in iitb to enter hostels of the opposite sex until 10 pm.Edit on the request of Navneet Prabhat : boys are not allowed to enter the girl's hostel at all(Mira Bhavan) in Bits Pilani :PYou don’t need to take your wallet when you go out of your room in Bits. Your ID card takes care of that as transactions in most of the shops happen against your mess bill. So its a good step towards going cashlessWeather: The weather at Bits is another pain in the ass. Being located in Rajasthan, the temperature goes from 45C to all the way down to -2C. The rains are torrential and sometimes choke the campus. Mumbai on another hand remains mild, showery and pleasant all the year long.Lingo: There is virtually nothing to call a lingo at iitb. Words like craxx and machauu seems too forced to be used in regular conversations. In bits “lite” culture is really popular and the lingo was addicting. Words like “phoda”, “ghot” really slip out of the mouth.Fests: Oasis is not very interesting and rather a little over-hyped. Yes I said it. Not sure about being the second best but surely it lags behind Mood-I. The only flip side to Mood-I is that the institute provides no food or accommodation to the first year students. However loads of people get room retention on the pretense of projects under profs, IB work or sports camps.A lot of cultural, entertainment, technical and academic events are organised all the year round in both the colleges, the frequency being more in IITB.DC++: Dc++ sharing at IITB is very poor. Not many hubs and very limited files. Meanwhile at Bits, DC++ was the lifeline with many hubs and almost all sorts of files were available. Plus I don't believe IITB can ever have a DoPo of its own :P7.Academics:The first few weeks at both the colleges felt same in terms of quality,pressure and peer group. However differences segregated out a lot gradually.In Bits, almost all the courses were dealt superficially with a less in-depth treatment. Many courses could easily be nailed by properly covering the slides and practicing a particular set of questions. There were rare surprises in the evaluative papers in many courses although some courses like CP, Meow, EG, Bio and Thermo were challenging. Situation in IITB was different as the courses are much more detailed and depend more on implementation of the concepts taught rather than simply understanding them. Plain slide reading wouldn’t ensure a good grade at IITB. Conclusively, the evaluatives in Bits didn’t compel one to appreciate or explore the subject.The quality of interaction between students and the instructor during lectures was dismal. Some professors like Rishikesh Vaidya, Sunil Kumar, and Vishal Saxena were amazing and even received ovations. However lectures were usually rushed and less time was devoted to entertain doubts. The quality of discussions was also very ordinary. A lot of this depends on the peer group also. In IITB according to my experience the students take a much greater interest in initiating these discussions which sort of felt missing in Bits.In IITB, the instructors are academically more qualified and the student-prof interaction is very rich. The doubts are highly entertained and the discussions are very stimulating. In general the professors at IITB teach better, focus on intricate points, and resolve doubts effortlessly. Overall for similar courses at both the places, IITB covered them in a more comprehensive and conceptual manner, rather than stressing on formulas or on concise/shallow coverage of more topics; as was the case in Bits.A lot of open-book exams were held in bits which really was a good thing. Open book exams were a lot more challenging and really tested one’s level of understanding of the topic/course. There were fewer open book tests in IITB.The tutorials in Bits were taught by professors while in IITB mostly senior students took them. Obviously a professor with PHD has a more in depth grasp on the course and a much higher expertise in teaching than a 2nd/3rd year student. Thus tuts in Bits were more beneficial than tutorials at IITB, provided one opted for decent profs when deciding the timetable.Relative grading is followed at both the colleges. In bits performance of students are evenly distributed and its easier to score a good grade and even if one messes a course, the grade doesn’t fall down drastically. In IITB, scoring a top grade can suck the life out of you and if you ruin your paper, the grades slip down sharply. Even 0.5 marks are sufficient to push down the grade. The peer group is very competitive,which is natural considering that majority of under 500 rankers choose IITB. Consequently, academic pressure at Bits is more relaxing and less stressful.A good initiative at IITB is that each student has to compulsorily have to enroll in NSO(sports),NSS(social work) or NCC(cadet corps) zero credit course. This was missing in Bits.8. Internship opportunities: Probably this point is one of the most impactful one to establish a contrast between the two institutes. Internship and research opportunities offered by an engineering college, particularly in the third year, are the benchmark for deciding its eminence and IIT-B for all purposes comprehensively edges over Bits in this regard. Right at the onset of the fifth semester, a plethora of companies, universities and firms approach the institute for extending internship and work opportunities, and a good majority of them extend PPOs to the students after the third year summer. The situation is such that maximum students get interned by the end of the semester in a highly reputable company or a notable university with lucrative stipends, just because of the sheer volume of companies/univs that approach IITB.In Bits, the large majority of students mostly venture on opportunities that they have to create for themselves, be it through apping or personal contacts, for the third year summer. Barring a few, the masses either spend the summer learning stuff on their own, without a professional guidance, or engage in self undertakings, which is quite a waste of a golden period. However the 7th sem is spent in PS -2 which does provide a comprehensive working experience with reasonable stipend.In general, the trend to intern in a company or take up a research project is markedly more in IIT-B, where staying idle even in the second year summer is scorned upon.9.Alumni Support: This is again an important area where IIT-B considerably triumphs over Bits-Pilani. There was hardly a body in Bits that meliorated the student-alumni interaction in the institute to benefit the students. In contrast, the Student Alumni Relations Cell (SARC) in IITB, is a committed and highly active body to foster productive and constructive relations between the students, the alumni and the institute through a variety of initiatives, most notably the Alumni Student Mentorship Program (on the same lines as ISMP and DAMP), and Alumination (a plethora of events for career boosting and personal guidance). Consequently, the alumni side engagement is also very high, leading to enrichment and high networking opportunities.10.Tag value: No doubt tag value of IITB is more marketable than that of Bits Pilani. This difference is even more pronounced internationally. The local population also tend to respect the IIT tag more, no matter whether you enter by merit or through bogus means like reservation. That’s a hard fact and there are no if or buts.11.Connection of Campuses: It doesn’t matter whether you graduate from Bits Pilani or Bits Goa, you will get the same graduation certificate and treatment by every recruiter. The course structure, curriculum and administrative policies at all campuses are identical. In IITs this is not the case and each IIT isn’t bound by same curriculum and policies.12.Experience after one year: Iitb definitely felt like a more dynamic institute with a hell lot of more opportunities to learn and apply after the first year. The aggressive and productive environment was sort of missing in Bits. The provisions are such that one can pursue whatever one wants whenever one wants in IITB. The programs like ITSP, SOS and SOC, plus surplus internship opportunities, coordinator work, social programs, summer courses, adventure trips, and various other workshops at IITB felt missing a lot at Bits where maximum students are compelled to waste their summers doing nothing or next to nothing. Further over-viewing the curriculum at the end of the year, IITB curriculum felt more relevant, rigorous, qualitative and productive. There is much more clarity regarding future years. Further Bits also pays the price of seclusion as the IIT experience felt more wholesome. The peer group is also very challenging in IITB that automatically induces one to not to lag behind.So that indeed was a comprehensive comparison between the two institutes. And though IITB is definitely better than Bits Pilani Pilani Campus on many parameters, including the important ones, the Pilani campus is one of the most unique ones in India. Furthermore all the comparisons I have done is on the basis of limited knowledge gathered over just one year and there can be a lot of aspects that might make a difference.Besides an ideal college also depend on what courses/stream one wishes to pursue. Leaving CS/Elec at IITB to study the same at Bits is one horrible decision, and leaving the same at Bits to study non core courses/courses you have no interest in, at IITB just for the sake of it, is also a very bad decision. Needless to say, perspective guides me . Someone else might observe things differently.The real difference to a college is brought about by its students. Since old IITs has top rankers of JEE, they definitely accept the cream. If the same students go into Bits, it may supersede IITs.So “Is Bits a good college?”: yes. Its rare for a completely autonomous private college with no government support and ties: to engage in a somewhat close battle with completely government funded premier institutes, and still maintain its identity and reputation both internationally and locally. Furthermore Bits has really been efficient at progressing on limited resources and finding its own way. If it had its own lavish research funding and government support, it would improve way much more than other colleges.However nothing can be said for 5–6 years in the future. The way Bits is going on regarding low cutoffs, increased strength and fees has really put its reputation at stake.I hope I have been thorough and gave a glimpse of what it is like to spend time in these colleges and hence give my version to the long debate of which college trumps over the other.Leave in comments any correction or any more parameter that should have been discussed.Edit: More than 100 upvotes in less than a day. Thanks for the response.Edit2: Addd a lot of stuff in the answer.