Study abroad: Why Indians prefer to go overseas to pursue UG courses

Studying abroad is a common dream among many Indian students such that the number of students applying for universities in other countries has been on the rise with every passing year. This hype can be observed with reports like the 2016 Open Doors Report on International Educational Exchange which has pointed out that international students at US colleges have surpasses one million in the academic year of 2015-16.

One of every six international students in the US is from India, according to the report and many three fourths of these students are pursuing science, technology, engineering, and mathematics (STEM) courses. Meanwhile the Indian Students Mobility report, 2016 noted that about 85 per cent of Indian students looking for colleges abroad tend to head towards USA, UK, Australia, Canada and New Zealand.

The following points explain the hype around foreign universities and all the pros and cons one should consider before stepping out of the country.


1. Less competition

Many of the students who opt for undergraduate level programmes in universities abroad are those who prefer not to be involved in the competitive education environment of India which can get aggressive. The ratio of the number of applicants to number of seats available in India is high.

One should understand that performance in entrance tests cannot indicate whether or not a student can absorb the course content. Having said that, students who doubt whether they can get through the entrance tests and do not want to fail, opt to pursue the undergraduate courses in universities abroad.

2. Settling abroad

The second reason why students want to go abroad is because they think that their future is outside India. They believe that by pursuing an undergraduate degree in a foreign country they can get a job there and eventually land the country’s citizenship. Settling down in USA, UK, Australia and some other such countries is attractive to many. However, things have changed these days.

The assumption that you can eventually settle down in the country if you study there, is repeatedly proving wrong. Governments of most countries are making it clear that if you come to the country for studies, you have to go back after the course. So, you have read the immigration policies of a country thoroughly before you decide the future course of action.

3. Theory

Undergraduate programmes in India are theoretical and tough as compared to those in universities abroad. But the practical orientation of undergraduate students abroad is more compared to their Indian counterparts. The few who are well versed with the theories of subjects like mathematics, physics and chemistry can survive anywhere.

Students who do not have a strong footing in theoretical concepts may not do so well in India but have a better chance abroad. While Indian curriculum is skewed in favour of theory, the emphasis on theoretical knowledge and practical knowledge is well balanced in the US.

study abroad, study abroad US, US universities, US courses, UG courses US, UK universities, education news, indian express4. All round development

Studying in foreign universities results in well rounded personality development of students. They pick up communication skills, learn to live alone, manage with limited money, adjust in unfamiliar environment and develop high focus on career. So studying abroad develops personality. It brings out the best in the person.


1. Jobs

Employers in India do not treat all the universities abroad equally. They respect students from top universities and willingly employ them. However, students from other universities are treated as black holes. These students find it very difficult to land jobs in India and given the new immigration policies of various countries, landing a job in those countries as well becomes equally difficult.

2. Fee

The tuition fee of universities abroad is very high. Parents who send the students aboard for studies must be either rich or need to take a loan mortgaging their assets. With the latter, parents are hesitant as there may not be a return on their investment.

3. Return

Many parents believe that when the ward goes abroad for undergraduate studies, he/she may not want to come back to India. They prefer sending their children for postgraduate courses because they believe that by that time their son/daughter would realise his/her responsibilities back home.

Financial Data Management Centre: Law Minister clears body for collection of financial data

The Reserve Bank of India (RBI) would soon no longer be the sole collector and custodian of financial data as the Law Ministry has approved a revised Cabinet proposal on the creation of the Financial Data Management Centre (FDMC) that would subsequently collect raw data directly.

“FDMC will collect data in electronic format from the (financial) regulators. Over time, it will gradually build capacity to collect data from the regulated entities i.e. Financial Service Providers,” says the revised proposal which accepts that the data warehouse could be set up only through an Act.

Initially, FDMC was to be a non-statutory body to collect data from financial sector regulators, standardise and analyse them on issues relating to financial stability for onward decisions by the Financial Stability and Development Council (FSDC). It was also to provide regular access to the data. However, the Department of Legal Affairs turned down the initial Cabinet proposal saying that a non-statutory FMDC would find it difficult to acquire data from the regulators, majority of which were statutory.

Moreover, it said that any levy of penalty through a gazette notification for violation of data management scheme would neither be legally tenable nor withstand judicial scrutiny. “Courts may not take cognizance of any such offence and compounding of the same under the Code of Criminal Procedure is also not feasible.”

Non-performing assets, bad loans, FY17 bad loans, Insolvency and Bankruptcy Code, Reserve Bank of India, Finance ministry data on bad loansLast June, Legal Affairs said it had “no legal or constitutional objection” to the revised proposal as there was “no other option but to set up a statutory FDMC”. The new proposal provides for FDMC and the regulators to “enter into agreement” for flow of data, “stringent confidentiality norms” to ensure the same level of protection as provided by various acts applicable to the regulators and guarantees that the “data centre is at all times kept secure and effectively protected”.

In order to facilitate FDMC functioning, it also seeks “consequential amendments” in the RBI Act, Banking Regulation Act and the Payment and Settlement Systems Act as their confidentiality clauses do not allow access to raw data.

The RBI is against sharing raw data that it gets from banks and other market sources with FDMC as it is not obliged to share confidential client information of banks with anybody. The only exception is when a law enforcement agency has to get specifics on an individual company for investigation purpose. But it has to then approach the courts first to get an order to request the data from the regulators.

Bank of India turns the corner with Rs 88 crore profit

Riding on an improvement in asset quality and lower provisioning, public sector Bank of India (BoI) has reported a net profit of Rs 88 crore in the June quarter as against a net loss of Rs 741 crore in the same period last year.

While recovery in the quarter improved to Rs 1,360 crore from Rs 970 crore in the year-ago period, upgradation stood at Rs 1,379 crore in Q1 as compared to Rs 2,209 crore in the year-ago period and Rs 1,071 crore in the March 2017 quarter. “We focused on better recoveries, upgradation and prevention of slippages during the quarter and it helped us,” BoI managing director and CEO Dinabandhu Mohapatra said.

Bank of India, Bank of India profit, Bank of India net profit, Dinabandhu Mohapatra, indian express news, business news, bankingGross non-performing assets of the bank improved to 13.05 per cent from 13.38 per cent. Net NPAs were at 6.70 per cent as against 7.78 per cent a year ago. “Barring some unpleasant surprises from outside we will definitely be improving (in terms of NPAs) quarter-on-quarter,” Mohapatra said. The bank was able to contain its fresh slippages at Rs 4,037 crore from Rs 6,233 crore last year. Of the 12 large stressed accounts which the RBI has asked banks to refer to the NCLT under the Insolvency and Bankruptcy Code for resolution, the bank has an exposure to 10 accounts for Rs 8,200 crore.

Reserve Bank of India issues final guidelines for tri-party repo transactions

The Reserve Bank on Thursday issued the final guidelines on tri-party repo transactions as part of its attempt to energise the corporate bond market and generate more liquidity in the segment. A tri-party repo is a contract between a buyer and a seller of a security along with a third party agent. In most cases, the third-party agent may be a custodian bank, which will facilitate services like collateral selection, payment and settlement, custody and management during the life of the transaction.

Such repos can be traded over-the-counter (OTC) including on electronic platforms, or, on stock exchanges, and should reported within 15 minutes of the trade for public dissemination to CCIL or to exchanges or any other reporting platform authorised for the purpose by the Reserve Bank, it said in a notification.

The RBI had issued the draft guidelines on April 11, 2017 and had promised on the August 2 policy that it would issue the final guideline shortly and said “tri-party repos will enable market participants to use underlying collateral more efficiently and facilitate development of the term repo market.”

The draft guidelines were issued after recommendations from a committee headed by former deputy governor HR Khan in August 2016.

The RBI on Thursday allowed commercial banks, entities regulated by it or the Sebi, and those who have prior RBI approval to act as agents for tri-party repo.

The applicant should have at least five years of experience in the financial sector, preferably in offering custodial services. They will have to maintain minimum of Rs 25 crore in the form of net-owned funds has also been mandated.

reserve bank of india news, banking and finance news, business news, indian express newsTri-party repos may be traded using any trading process authorised under RBI directions,including bilateral/multilateral, anonymous or otherwise, quote driven or order driven.

On settlement, RBI said all settlements will be on delivery vs payment (DvP) basis, with or without netting of securities and/or cash. Settlement can also be guaranteed or non-guaranteed bilateral/ multilateral, through clearing houses of exchanges or any other clearing arrangement approved under the Payment and Settlement Systems Act of 2007.

On the tenor, haircut and disclosures, it said these will be identical to those applicable to normal repos, in terms of the Reserve Bank directions.

Repo is an instrument for borrowing funds by selling securities with an agreement to repurchase the same on a mutually agreed future date at an agreed price including interest for the funds borrowed, while reverse repo is an instrument for lending by purchasing securities with an agreement to resell the same on a mutually agreed future date at an agreed price including interest.

Glacier White PS4 Slim to Launch in India Next Week

India gets another variant of the PS4 Slim. According to several retailers speaking to Gadgets 360, Sony India will release the Glacier White PS4 Slim 500GB console. It will cost Rs. 27,990 and be available from next week. No games or PS Plus subscriptions will be a part of the offer. Something to keep in mind, if you were expecting freebies along with the purchase.

Expect the likes of Amazon India, Flipkart, and Games The Shop to have it listed today or by next week at the earliest. For the longest time, Sony India has stayed away from coloured consoles, bringing them in extremely late in the PS3’s lifecycle and ignoring coloured versions of the PS Vita altogether.

Glacier White PS4 Slim to Launch in India Next WeekAnd while the PS4 has seen several colour options since its inception, this is the first time the company has decided to release the PS4 in a colour that isn’t black.

We can’t help but feel Sony has dropped the ball by not including any games along with the package. More so when Rs. 27,990 gets you a PS4 with two controllers or a PS4 with Horizon Zero Dawn. For Rs. 1,000 more, you get Horizon Zero Dawn, Ratchet and Clank, Driveclub, and three months of PS Plus along with a PS4.

Suffice to say, if you’re really hankering for a PS4 that stands out from the crowd, this could be an option. Confused as to which PS4 to buy? We have you covered with our comprehensive guide.

Xiaomi Mi 5X Gets a Cheaper 32GB Storage Variant Ahead of Expected India Launch

Xiaomi, shortly after launching the Mi 5X in just a 64GB storage variant, has now launched the smartphone in more affordable 32GB storage. Much like the first version, the new 32GB storage variant is now on sale only in China. It comes with a price tag of CNY 1,299 (roughly Rs. 12,500) and will be available in Black, Gold, and Pink colours.

The Xiaomi Mi 5X 64GB was launched in China a few weeks ago at CNY 1,499 (roughly Rs. 14,200) and was offered in Black, Gold and Rose Gold colours. Apart from the storage, there’s no difference between the 64GB and 32GB storage model.

After Xiaomi teased launch of its first dual rear camera in India, the Mi 5X is widely expected to make a debut in the country next month, making the launch of a cheaper version all the more timely.

Xiaomi Mi 5X Gets a Cheaper 32GB Storage Variant Ahead of Expected India LaunchTo refresh on the specifications of the Mi 5X, it features a 5.5-inch full-HD LTPS display, and will run on MIUI 9 based on Android 7.0 Nougat. The smartphone will be the first Mi device to run MIUI 9 out-of-the-box. It is powered by an octa-core Snapdragon 625 processor coupled with 4GB of RAM. Xiaomi’s Mi 5X is also the company’s second smartphone with dual rear camera setup, after the flagship Mi 6. It sports a 12-megapixel wide-angle sensor with f/2.2 aperture, and another 12-megapixel telephoto sensor with f/2.6 aperture, similar to the Xiaomi Mi 6. There’s also a 5-megapixel front camera with real-time beautification. There’s a fingerprint sensor on board as well which is located at the back panel.

It comes in 64GB inbuilt storage option, and supports expandable storage via microSD card (up to 128GB). It supports 4G VoLTE, dual-band Wi-Fi 802.11ac, Bluetooth, GPS/ A-GPS, and USB Type-C port as connectivity options. Sensors on board include an accelerometer, ambient light sensor, gyroscope, infrared, magnetometer, and proximity sensor. The company is also marketing that the Mi 5X comes with a high-quality audio output with DHS Audio Calibration Algorithm and a standalone audio amplifier for improved quality via headphones. It packs a 3080mAh battery.

Nokia 6 Gets Over 1 Million Registrations for August 23 Amazon India Sale

Nokia 6, priced at Rs. 14,999, has received over one million registrations on and customers can buy the smartphone from August 23. Registrations for the first sale began on July 14. The Amazon India launch offers for Nokia 6 include Rs. 1,000 cashback for Amazon Prime users when they purchase the device using Amazon Pay balance. Vodafone users will get 10GB data per month at Rs. 249 per month for 5 months on their Nokia 6. All buyers will also get 80 percent off on Kindle eBooks (up to Rs. 300), and Rs. 2,500 off on (Rs. 1,800 on hotels & Rs.700 off on domestic flights).

Nokia 6 Gets Over 1 Million Registrations for August 23 Amazon India SaleNokia 6 specifications

Nokia 6 specifications include a 5.5-inch full-HD 2.5D screen with Corning Gorilla Glass protection and a fingerprint sensor. The Nokia 6 runs on Android 7.0 Nougat and is powered by Snapdragon 430 SoC coupled with 3GB of RAM. The handset packs 32GB inbuilt storage, and supports microSD cards up to 128GB capacity, and houses a 3000mAh battery.

On the camera front, the Nokia 6 sports a 16-megapixel rear sensor, while the front camera’s resolution is 8-megapixel and both come with an f/2.0 aperture. The handset has USB 2.0 port for connectivity, fingerprint sensor in the front, dual stereo speakers and Dolby Atmos audio enhancement.

In India, HMD Global launched the Nokia 3, Nokia 5, and Nokia 6 in June, but only the Nokia 3 is currently available in the market. In a statement, HMD Global has detailed its performance in India, and has confirmed that the Nokia 5 will not be available to buy until mid-August.

Itel PowerPro P41 With 5000mAh Battery Launched in India: Price, Specifications

After the Wish A41+, mobile company Itel has launched a new budget smartphone in India. The Itel PowerPro P41 smartphone is priced at Rs. 5,999, and its big highlight is its mammoth 5000mAh battery, and 4G VoLTE (Voice over LTE) and ViLTE 4G (Video over LTE) capabilities. The smartphone has been made available in Graphite, Silver Grey, and Champagne colour options.

Design wise, the Itel PowerPro P41 sports a metal frame, capacitive navigation buttons, and power and volume keys on the right edge of the smartphone. At the back resides the speaker and the single camera setup.

As for specifications, the Itel PowerPro P41 runs on Android 7.0 Nougat and sports a 5-inch WVGA (480×854 pixels) IPS display. It is powered by a 1.3GHz quad-core processor paired with 1GB of RAM. Internal storage is at 8GB that is further expandable via a microSD (up to 32GB).

Itel PowerPro P41 With 5000mAh Battery Launched in India: Price, SpecificationsIn the camera department, the Itel PowerPro P41 has a 5-megapixel autofocus rear camera with dual-LED flash support. At the front, there is a 2-megapixel sensor for selfies and video chatting. The big highlight is the 5000mAh battery that is rated to offer up to 95 hours of music playback time, standby time of up to 35 days, up to 18.2 hours of uninterrupted video playback, and talk time of up to 51 hours. Connectivity options include 4G VoLTE, OTG, Bluetooth 4.0, Wi-Fi, and GPS support.

Speaking on the launch, Sudhir Kumar, CEO – itel Mobile India, said in a statement, “With a steadfast emphasis on innovation, itel Mobile as a brand strives to add value to the lives of its users and satisfy their mobility requirements through its performance-driven range of smartphones. Following our successful foray into the 4G smartphone category with Wish series and selfie series, the launch of PowerPro P41 highlights our commitment to provide best-in-class products to our customers. The PowerPro series is renowned for its exceptional battery life and powerful performance. Equipped with state-of-the-art features, such as the latest Android 7.0 Nougat and an unmatched long-lasting battery, the PowerPro P41 is the perfect combination of high-grade performance and stylish design aimed at delighting Indian customers.”

The Itel PowerPro P41 comes with a multi-account feature that allows users to simultaneously operate two accounts on WhatsApp, Instagram, Facebook, and Twitter. The device also has the Xender app pre-installed.

Coolpad Cool Play 6 India Launch Set for August 20

Coolpad has started teasing the launch of its next smartphone, the Cool Play 6 in India. The Chinese company teased the new Coolpad Cool Play 6 on its Facebook page confirming that it will be unveiled on August 20.

The smartphone was initially launched in China back in May, and was heavily marketed as a gaming device with a massive 4060mAh battery and 6GB of RAM. It was given a price tag of CNY 1,499 (roughly Rs. 14,000) in China, and we can expect it to be priced around this range in India as well.

To refresh, the Coolpad Cool Play 6 sports a metal frame with the fingerprint scanner and the dual camera setup at the back. It was launched in Soft Gold and Black colours, and the volume rockers as well as the power button are situated on the right edge of the device. Dual speaker grilles are seen at the bottom edge of the smartphone with the USB Type-C port sitting in the middle.

Coolpad Cool Play 6 India Launch Set for August 20As for specifications, the Coolpad Cool Play 6 runs on Android 7.1.1 Nougat and sports a 5.5-inch full-HD (1080×1920 pixels) display. It is powered by Qualcomm Snapdragon 653 processor coupled with Adreno 510 GPU and 6GB RAM, which is again seen as a highlight of the device. It offers 64GB inbuilt storage on board with the option to expand further with the help of a microSD card slot.

For optics, the Coolpad Cool Play 6 sports a dual camera setup – with two 13-megapixel Sony sensors for monochrome and depth of field functions. The main sensor comes with 6P lens, autofocus, dual-tine LED flash, as well as f/2.0 aperture. For selfies, you get an 8-megapixel sensor with f/2.2 aperture in the front. The smartphone packs a 4060mAh battery that is rated to deliver up to 252 hours on standby, up to 9 hours of internet browsing, 8 hours of video watching and 6 hours of extreme gaming.

Xiaomi Redmi Note 4 Claimed to Sell 5 Million Units Within Six Months in India

Xiaomi Redmi Note 4, after becoming the fastest to reach 1 million units, has now reached another milestone. Xiaomi claims that it sold 5 million Redmi Note 4 units in six months. The company in a release claimed that it sold 5 million units of its Redmi Note 4 (Review) within six months of launch between a period of January 23 to July 23 this year. In comparison, the Redmi 3S took 9 months to hit the 4 million mark, according to data shared by the Chinese brand. Earlier this year, market research firm International Data Corporation (IDC) claimed that Xiaomi’s Redmi Note 4 was the highest shipped smartphone in Q1 this year.

To commemorate the milestone, Xiaomi has created what it calls the world’s largest grain mosaic art spread across an area of 6,000 square feet at Thyagraj Stadium, New Delhi. It will be using the grain to feed 5 lakh hungry people on this Independence Day, as part of company’s initiative to give back to the community.

Xiaomi Redmi Note 4 Claimed to Sell 5 Million Units Within Six Months in IndiaManu Kumar Jain, Vice President, Xiaomi and Managing Director, Xiaomi India, confirming the news, said in a statement, “Mi Fans are at the core of our business. Thanks to their love and support, we have sold 5 Million units of Redmi Note 4 – India’s No. 1 selling smartphone. We are celebrating this occasion by giving back to the community. The grains used to create world’s largest mosaic will help feed 500,000 underprivileged people on this Independence day.”

Xiaomi launched the Redmi Note 4 in January this year in three memory/ storage variants in India – the 2GB RAM/ 32GB inbuilt storage model has been priced at Rs. 9,999, the 3GB RAM/ 32GB storage model has been priced at Rs. 10,999, while the 4GB RAM/ 64GB storage model has been priced at Rs. 12,999.