| Stung
by the missive from the All India Council for Technical Education
(AICTE) to wind up its operations in India, the Chartered Financial
Analyst (CFA) Institute has filed a petition in the Delhi High Court
seeking a stay on the notice, even as it has decided to give $300 (Rs
12,300) to each of its 7,000 students to write the June 3 examinations
outside India. |
| |
| These locations are Kathmandu, Dhaka, Colombo, Singapore, Thailand, Hong Kong and the United Arab Emirates. |
| |
“This
move will help those candidates who initially thought of opting out of
the examinations if they are not held in India,” said S V Balachander,
CFA institute’s India consultant.
LOGISTICS OF TRAVEL
(costs in Rs) |
| |
Kathmandu |
Dhaka |
Colombo |
Singapore |
| Travel* |
8,000 |
12,000 |
14,000 |
18,000 |
| Visa |
not
needed |
not
needed |
on
arrival |
580 |
Boarding/
Lodging** |
4,300 |
NA |
6,683 |
9,143 |
| * Jet Airways (economy fares) ** 3-star accommodation for single day | |
| |
| However, students will still have to bear the expenses of boarding and lodging and obtaining a visa. |
| |
| Students
who clear the CFA examinations are mostly employed as financial
analysts by investment banks and broking houses. This year, more
students from India will write the examinations than from either the UK
or Canada. |
| |
| On a
complaint filed by the Hyderabad-based Institute of Chartered Financial
Analysts of India, the AICTE had asked the CFA institute to stop its
operations in India, as it had not taken the council’s clearance. |
| |
| The matter will come up for hearing in the court today. |
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