The Hindu : Private varsity status for ICFAI

Online edition of India's National Newspaper
Sunday, Dec 22, 2002

Southern States

Southern States - Andhra Pradesh

Private varsity status for ICFAI

By Our Special Correspondent

HYDERABAD Dec. 21. The Institute of Chartered Financial Analysts of India (ICFAI) has obtained the status of a private university, effective October 2002, by a statutory notification of the Government of Chhattisgarh.

This was stated by A. Besant C. Raj, Chairman, ICFAI, at its convocation held here on Saturday. A series of academic activities were being planned under the auspices of the `ICFAI University', he said.

Delivering the convocation address, Abid Hussain, former envoy to US and former Planning Commission member called for a dispassionate assessment of globalisation on a priority basis. He said developing countries should have a strategy to subordinate the forces of exploitation and also accelerate forces to protect and serve genuine national interests.

Globalisation should not be at the cost of developing countries and States cannot abdicate their social and constitutional responsibilities, he said. At the same time it was also wrong to assume that globalisation implied a weaker State and lead to diminution of sovereignty of the State, he added. The challenge of globalisation should be turned into a powerful positive force for world cooperation, he said.

Over 750 students from nine business schools across the country and of distance education courses were given their charters and certificates at the convocation. Fifty-nine medal winners were also honoured.

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