Mint, Mumbai – March 28, 2007US institute barred from issuing advertisements seeking admissions The All India Council for Technical Education (AICTE), which regulates all professional courses and the institutes offering them, including engineering colleges and business schools, has restrained the Virginia-based CFA institute, which offers the chartered financial analyst qualification globally, from “issuing public notices seeking admissions” for its program. According to AICTE, the CFA Institute is not approved by it as a “foreign institution imparting technical education in India”. AICTE issued the show cause notice on the order of the Guwahati high court, following a February 2007 complaint by CFA Institute’s Hyderabad-based rival Institute of Chartered Financial Analysts of India (ICFAI). (Extracts) |