NRI application meltdown hits UBS

“With the NRI rules becoming more stringent,the candidates who had to pay considerably higher amount of fee than the students under general category prefer other private management institutes with better infrastructure and facilities in the region,” said Deepak Kapoor,Dean-Faculty of Commerce and Management.

Head of the Department Meenakshi Malhotra said the Supreme Court directive has kept out candidates who do not stand a chance of getting admission under the NRI category,thereby leading to fall in the number of applications. Also,with the number of seats getting reduced from 40 to 19 under the NRI category in a total of 140 seats,lesser students are applying,she said.

“(Earlier) out of total applications received by UBS,the major chunk would constitute NRI applications. The institute used to record NRI applications in hundreds,as we would find no difficulty in calling eight times the number of NRI candidates against around 40 seats,” she said,adding in the current academic session,the institute got only three applications of which only one candidate took admission.

However,she dismissed talk that delay in admission procedure has led to decline in NRI applications.

“It was a deliberate attempt on the part of the institute as we wanted that the candidates should have a fair idea as to where they had got admission,” she said.

There has been a spiralling effect on the monetary front too due to decline in applications. “There has been an annual loss of around Rs 12 crore,” said Anupam Gupta,who was one of the members of the committee that screened NRI applications.