The TISS protest is an important sign of the times.
As the students are pointing out, this is privatisation. The reservations are being rolled back and so are scholarships. Have we as a nation chosen to punish the historically oppressed by rolling back on promises. When Rohith Vemula gave up his fight and gave up, it was a sign of things to come.
The long term effect of this backlash against helping SC/ST/OBC would be fewer students trying to get a higher education because they cannot afford it anymore.
The state governments don't spend enough on Primary education and the central government is rolling back on higher education (not on paper) and they want India to be a superpower.