Vikram Li­maye of IDFC Named New MD of NSE

The Economic Times - - Front Page -

Vikram Li­maye is set to be­come the new man­ag­ing di­rec­tor of NSE. The board of NSE on Fri­day ap­proved the ap­point­ment of Li­maye for five years. Li­maye, 50, is the MD of IDFC. Ear­lier this week, the Supreme Court named Li­maye as one of the ad­min­is­tra­tors of the In­dian cricket board.

But that hasn’t been enough to as­suage stu­dent con­cerns.

“Master’s stu­dents, es­pe­cially those who have taken out huge loans to come and study here are very con­cerned,” said S Mohan, doc­toral stu­dent at the Univer­sity of Michi­gan. While the pro­posed changes to the visa pol­icy ap­ply to H-1B-de­pen­dent com­pa­nies, the fact that the cur­rent regime wants to clamp down on im­mi­gra­tion makes this move wor­ri­some too.

The draft ex­ec­u­tive or­der to “con­sider ways to make the process of al­lo­cat­ing visas more ef­fi­cient and en­sure that ben­e­fi­cia­ries of the pro­grammes are the best and the bright­est” is also wor­ry­ing many who don’t study at top-tier schools.

“Stu­dents with be­low-av­er­age pro­files will have to worry about get­ting a job here,” said a 25-yearold stu­dent in the first se­mes­ter at a mid-rung col­lege in New Jersey. He said a se­nior had ap­plied to as many as 600 com­pa­nies for jobs. Less than 10% re­sponded.

“Non-STEM stu­dents are at greater risk,” said ad­mis­sions con­sul­tant Ra­jiv Gan­joo, chief ex­ec­u­tive of­fi­cer of WhiteGlow Con­sult­ing.

He cited the ex­am­ple of a grad­u­ate from the Univer­sity of Cal­i­for­nia’s Paul Mer­age School of Busi­ness. “He has no guar­an­tee of be­ing able to stay back in the US and work. Luck­ily his em­ployer has promised to send him to Toronto if his visa does not come through,” Gan­joo said.


The un­cer­tainty comes just as the fall ad­mis­sion sea­son in the US gathers pace.

“The mood is con­fu­sion,” said Sumeet Jain, co­founder of Yocket, a re­gional com­mu­nity of stu­dents plan­ning to pur­sue higher ed­u­ca­tion abroad. “Peo­ple who have gone with im­mi­gra­tion as the pri­mary pur­pose are wor­ried. Peo­ple are keep­ing an eye on the rules and the ac­tiv­i­ties of the gov­ern­ment. No one is trav­el­ling out­side the US for sure.”

How­ever, those at the top schools aren’t overly wor­ried about their prospects be­ing chal­lenged un­der the new ad­min­is­tra­tion.

“Our can­di­dates at top schools like Har­vard, Whar­ton, Booth shared that while there may be a lit­tle stress, it is busi­ness as usual un­til Trump does some­thing which draws a re­ac­tion from com­pa­nies,” said Ra­jdeep Chimni, founder of Ad­mis­sions Gateway. Vibha Gawde, whose son is cur­rently pur­su­ing his master’s in in­for­ma­tion sys­tems tech­nol­ogy at the Rochester In­sti­tute of Tech­nol­ogy, said she’s hope­ful he will get a job there.

Even the PhD stu­dent cited above said that given the US wants ad­vanced de­gree hold­ers such as him­self to con­trib­ute to their econ­omy and cre­ate jobs, he plans to ap­ply for a green card un­der a spe­cial cat­e­gory for re­searchers, which is quota ex­empt.


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