Is CFA program echnical education?
CHENNAI: The site of the CFA Institute (www.cfainstitute.org) wears a distraught look. ‘Important update regarding June 2007 CFA exams in India,’ reads a posting dated May 22. “We have received some very disappointing news regarding the status in India o f the globally recognised CFA examinations,” it begins sombrely. Reason: The CFA Institute is upset that the All India Council for Technical Education (AICTE) has ordered it to ‘cease all operations in India’, because it had not obtained approval to conduct the CFA Program in India. “The AICTE decision is an unfortunate development for the Indian financial profession and especially for the more than 6,800 candidates enrolled in India for the global CFA Program who have each already dedicated more than 250 hours of intense study to p repare for the upcoming CFA examinations,” rues the CFA Institute. With CFA exams scheduled on June 3, the press release assures that it is ‘working diligently to find a solution’. Headquartered in the US,