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Foreign Univ Bill 06 gets GoM okay
A group of ministers met Wednesday to consider the Regulation of Foreign University Entry and Operation (Maintenance of Quality and Prevention of Commercialisation) Bill, 2006, and cleared it. It will now have to be presented for Cabinet approval. Probably, it will also need to be cleared by the United Progressive Alliances coordination committee with its Left allies, who have already declared their opposition to foreign investment in the education sector.
The bill would pave the way for foreign universities to enter India. They would have to enter India as deemed-to-be universities. As things stand at present, such universities are run by trusts that cannot pay out profits. It is not clear if foreign universities that set up deemed-to-be universities in India would be permitted to repatriate any income.
More : economictimes.indiatimes.com
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