Tuesday, March 14, 2017

Indian Students Rally Round Subsidize Education Costs in UK

Indian finance minister Arun Jaitley said on Monday that the UK should release the significance of Indian students to country’s economy because the help ‘subsidize’ education cost in London. Making mention of major slump in students coming to study at the UK universities over the last few years, he brought out the fact that there were other countries that were more convivial.

"They (the UK) have to realise that when international students come here (Britain), they subsidize the educational costs here," he told PTI. "We already have a reality where the quantum of students coming into the UK is declining and other jurisdictions are available. The UK also is a part of the competitive market in that area," Mr Jaitley said.

Presently is in the UK the Union Minister for Finance and Corporate Affairs to represent the Indian government at a special welcome hosted by Queen Elizabeth II at Buckingham Palace to initiate the UK-India Year of Culture.
"It is a great positive gesture that Her Majesty herself is hosting a reception to mark the UK-India Year of Culture. This only re-emphasizes the importance which is attached to the Indo-UK relationship," he said.

The finance minister attended a special market opening ceremony at the London Stock Exchange followed by a round-table with investors where he met UK Minister for International Trade Liam Fox on Monday. After the minister was present an 'In Conversation' event organized by the UK India Business Council (UKIBC) and Federation Chambers of Indian Industry (FICCI) at the Taj hotel in London, where he emphasized on India being open to foreign investments as any idea of a "protectionist economy was no longer relevant". Mr Jaitley is also planned to meet up UK Foreign Secretary Boris Johnson previous to heading to the Palace.
Mr. Jaitley said, "There is a huge mindset change in India with much greater support for reform activity...India being a democracy has its own dynamism and decision making process. Nothing in India is ever ruled out”.

He will be meeting his British counterpart Chancellor Philip Hammond on Monday. Mr Jaitley is also scheduled to meet a series of investors and CEOs on 1st March at events organized by JP Morgan and Confederation of British Industry (CBI) before he leaves for India.

_ By Educa India-the best free online education portal in India for finding school/college/ universities and other academic institutes across India. Participate in your forum for solving academic issues and speak to our experts directly.

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