A couple of education related TED videos
7 September 2008
2 Comments
Richard Baraniuk: Goodbye, textbooks; hello, open-source learning. (Filmed Feb 2006)
Jonathan Drori: Why we don’t understand as much as we think we do. (Filmed Feb 2007)
[Thanks to Manish Dharod for the links.}

To add to this Atanu, I think you must read “Deschooling Society” by Ivan Illich which is available here.
Here’s a sample to get you interested.
Atanu, have you read any books or essays by Rabindranath Tagore that explain his thinking on education and learning?
Also, the ideas in the second talk somewhat contradict your other post where you raved about the physics models available on the internet. While such websites can be useful, they are no substitute for hands-on learning or interaction among students, and teachers in an actual classroom.
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