CFA explores options; technical board146;s directive under scanner

According to sources, CFA is looking at legal options as well and a clear picture will emerge in the next few days. Almost 7,000 candidates have enrolled to take one of three levels of the CFA examination in India in June 2007, representing a growth of about 220 per cent from June 2006. In December 2006, India trailed only the US in the number of candidates who sat for the exam. Meanwhile, students and educationists have come out strongly against the directive.

Said MS Pillai, founder director of Pune-based Sadhana Centre for Management Leadership, 8220;This8217;s a kind of licence raj. There8217;re so many contradictions and confusion in the activities involving AICTE. It acts as a regulator, interpreter, executor8230; and pass judgment also.8221;

Technical education is defined in the AICTE Act as: programmes of education, research and training in engineering technology, architecture, town planning, management, pharmacy and applied arts and crafts and such other programmes or areas as the Central Government may, in consultation with the council, by notification in the Official Gazette, declare.