If Options have impacted CA final results, we will reconsider ....says ICAI President!

Ever since the CA final results were declared on July 19th, there has been an outburst of emotions ( mostly anger ) in our profession..the members and students being most vocal in expressing their shock and dismay at the barely 3% passing result in CA final exams. Many brilliant students have not been able to make it and in may CA firms, where more than a dozen articles had appeared for CA final, not even a single student could make it!!!!!!!!!!!!
And so, when i got a chance to interview our ICAI President Mr Amarjit Chopra on the evening of July 20th ( which will be telecast on Bloomberg UTV today ) , i could not resist asking a question on the CA exam results and what had gone wrong? .......And i must appreciate that the ICAI President gave a comprehensive, straight and blunt answer ...here is what he said about the poor CA final results:
Question; On whether ICAI did some quality control ( or marks cutting )?
Amarjit Chopra:
" Not even a single student, who was passing, has failed...only the students who were failing, have failed....."

Question: Did removal of options play a part in poor results?
Amarjit Chopra:
" If it is due to removal of options, it does raise an issue and we will deliberate it in examination committee......If Options have impacted performane, we will have a look at it . "

Question: On whether students were not upto the mark in their preparations?
Amarjit Chopra:
" If the students have not performed, they have not performed! I have been a Teacher and the Teacher in me will not die. It is important for me that many students do qualify..No hardship is bigger than the hardship of failure. "

Questions: More practical training based questions a cause?
Amarjit Chopra:
" More practical training based questions are being asked and that may also be a reason .. ( for the poor results ) . But that we are not going to change. "

On coaching classes:
Amarjit Chopra:
" Students must introspect on what sort of coaching they are receiving....over reliance on coaching classes is proving to be fatal. "