Law hates time, value, not money!
I was waiting with anguish to write this post. I am writing this post after my L2 CFA exam, as usual the exam proved that ignorance is not blissful at all. It is the drama which unfolded for the past two weeks that has irritated me. They ruined the sleep and productive time of 6500 students who were slated to give their exams in India.
The CFA (Charter Financial Analyst) is the charter awarded by the CFA Institute based in the US. The exams were recently ordered to be cancelled and asked to cease it operations in India by an interim order passed by the Agartala Bench of the Guwahati High Court about two weeks back.
The verdict was based on the appeal by the AICTE stating that the institute did not get the approval for conducting its operations in India which is necessary for a foreign body providing "technical education" in India. All seems fair, I am not going to sanctity of this case where a globally recognized organization in the Investment body was being challenged by the Indian version "ICFAI".Everybody is same under the law and I am not questioning the merits of the regulation.
In my opinion, I would want to put forth the ulterior motive in this case.ICFAI was earlier challenged by the CFA Institute for awarding the CFA charter. Now you would know what interest ICFAI has in providing quality technical education to Indian students. Why don't institutions compete in providing great education to us in spite of blocking each other? A brand is not built by the charter; it is the competence of the students which builds the brand.
The CFA institute seeked an interim stay to allow the exams to be conducted in India, believe me or not, it took about three hearings by a Delhi High Court Judge to stay it. An 12th grade student would have given this verdict in an interim judgment to an institute which was seeking the court to allow it to conduct at least the exams which were scheduled to happen in about two weeks.
The exam has been conducted in the country for the past 20 years and oh my god it is a globally renowned prestigious institute which provides a self-study course. Common sense for a prudent man, allow the exam and ask the institute to withhold the result before the final verdict comes out. I am not demeaning their intelligence or their authority in law, I am furiated by the inertia the judicial system in our country is caught up with.
The CFA (Charter Financial Analyst) is the charter awarded by the CFA Institute based in the US. The exams were recently ordered to be cancelled and asked to cease it operations in India by an interim order passed by the Agartala Bench of the Guwahati High Court about two weeks back.
The verdict was based on the appeal by the AICTE stating that the institute did not get the approval for conducting its operations in India which is necessary for a foreign body providing "technical education" in India. All seems fair, I am not going to sanctity of this case where a globally recognized organization in the Investment body was being challenged by the Indian version "ICFAI".Everybody is same under the law and I am not questioning the merits of the regulation.
In my opinion, I would want to put forth the ulterior motive in this case.ICFAI was earlier challenged by the CFA Institute for awarding the CFA charter. Now you would know what interest ICFAI has in providing quality technical education to Indian students. Why don't institutions compete in providing great education to us in spite of blocking each other? A brand is not built by the charter; it is the competence of the students which builds the brand.
The CFA institute seeked an interim stay to allow the exams to be conducted in India, believe me or not, it took about three hearings by a Delhi High Court Judge to stay it. An 12th grade student would have given this verdict in an interim judgment to an institute which was seeking the court to allow it to conduct at least the exams which were scheduled to happen in about two weeks.
The exam has been conducted in the country for the past 20 years and oh my god it is a globally renowned prestigious institute which provides a self-study course. Common sense for a prudent man, allow the exam and ask the institute to withhold the result before the final verdict comes out. I am not demeaning their intelligence or their authority in law, I am furiated by the inertia the judicial system in our country is caught up with.
Interia which does not value time, money, people welfare and is happily addicted to bribery and power. No wonder I heard somewhere that there are 30 million cases pending in this country. The decisions in the lower courts morphs to the whims and fancies of the people who want to puppet it.Sathyam may jathae in the long tem but who has the patience to be with it with confidence.Nice it that it would eventually succed, not everybody has the money, power and awareness to do...
Oh Pity. I have only one question.How does the different courts give different decisions interpreting by prudent who have mastered law. Then why at all we need lower courts!!
Oh Pity. I have only one question.How does the different courts give different decisions interpreting by prudent who have mastered law. Then why at all we need lower courts!!
Labels: India
Sara choose your words carefully in your blog daa. You may be sued for cotempt of court!!
i can understand your angryness. But that is the way India is - Be happy that atleast the exam was conducted!!
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Anonymous |
1:52 pm