Monday, May 28, 2007

On opportunity, CFA...

Got this link via Ajay Shahs excellent blog; Bibek Debroy talking about the CFA, AICTE and ICFAI mess from the Indian Express. Perfect analysis...

Excerpts:

...When regulators don’t know the difference between regulation and control, one is asking for trouble, especially in a country like India where control mindsets are part of the air we breathe. Everyone knows about our demographic dividend, with an additional trigger now, because China is greying faster than earlier believed. Labour force requires skills, distinct from what the education system delivers. Should Indian students head off to the US, Europe and Australia in search of these skills? Or, more pertinently, in the CFA versus AICTE instance, should they head for Nepal, Sri Lanka, Singapore, Thailand, Hong Kong and UAE? ...First, is AICTE’s action based on the issue of AICTE permission, or is there also an element of protecting the domestic provider? Manufacturing witnessed this battle during the Bombay Club days and the country ruled in favour of competition. But we seem to be fighting the battle again over services.

Read the whole piece...

2 comments:

Shweta said...

you can get the laatest updates on CFA program in India at http://www.kprofessionals.com/phorum/read.php?8,60

Shanthi said...

The Delhi High Court has dismissed the writ petition of CFA Institute. However, the detailed order is not yet available yet. Basically the situation is that the CFAI has lost this particular case. The detailed order should be available soon.

http://www.kprofessionals.com/phorum/read.php?8,1159