After achieving a great percentage in Delhihite, Rahul is very excited to join high-status program of under graduation into an Ivy university. His parents are not much interested in the fall of rupee against the dollar. They are not yet aware of the fact that that fall may affect the expenditure of the overseas education.
The reason is not due to the guy’s prosperous family background. It is because Rahul will be doing the program course at Gurgaon University. The same dream is dreamt by millions of students all over India.
Everyone wants to study in foreign universities at Indian rupee cost. These dreams can be converted to reality if government supports financially. The MHRD agency had created the bill named as the foreign education provider in the year 2010. This bill was created for the benefit of the students.
The bill proposes to set up more and more Foreign Universities in India. The students were highly benefitted by this. However there is a sad part of this story. The bill was stuck for a long time to get sanctioned. The most of the member of Parliaments were not agreeing to the proposal of the bill.
At present, the government is working to finalize the proposal of the bill that has been passed by the Parliament. The government has agreed to fulfill the objectives of the bill. The progress regarding this bill has been discussed in the parliament and education minister has also spoken about it.
The bill has created few conditions at present. The condition is that a min quantity of 500 million and there is a restriction on the making of profit on these universities. At present, there are lots of foreign universities in India. Students have better chance now to study now in the foreign universities.
They do not need to go to abroad now and they can get better opportunity to study over here. Once, these foreign universities were a matter of debate in the parliament and the government.
The bill was not expected to pass even few years before. Due to this bill, a large number of foreign companies will be investing India. Thus the financial condition of India will improve. It will be an economic benefit to India and this more and more investors will be coming to India. We need to see how many of the conditions prescribed will be coming in the regulations proposed.
All these regulations have become a problematic issue for all the students who want to study in foreign universities. Had these regulations not there, more and more students would have been studying in the foreign industries.
It has been reported that the Indian rupee has fallen down by almost 9% in the previous month. The economic analytics have predicted that in near future, there will be further lows in economics. There have been many problems due to the economic fall of the Indian rupee versus the dollar. At least the students are very happy now due to the increased development of foreign universities in India.