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The uncertainty surrounding the CFA exam in India has finally ended. The litigation between CFA Institute and the All India Council for Technical Education (AICTE) has been resolved, enabling the Institute to again administer the CFA Programme in India. At a hearing held on April 17, 2012, the AICTE declared that its executive committee had concluded that the existing AICTE regulations do not apply to the CFA Programme.
"India is one of our top 10 markets globally. This move will encourage more Indian students to enrol for this programme. Now we will also offer 200 scholarships for the first time here," says Ashvin Vibhakar, MD (Asia-Pacific), CFA Institute. In a statement, John Rogers, CFA, president and CEO of CFA Institute, said, "We welcome the decision of the AICTE and we appreciate the AICTE's additional review." Candidates can now freely register for the exam in India, he added. There were more than 20,400 exam registrations in India in fiscal 2011. CFA Institute had challenged before the Delhi High Court a 2007 AICTE order prohibiting the CFA Programme in India.
Courtesy: The Economic Times
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