DC Edit | ED flags illegal migrant racket
The Enforcement Directorate’s revelation about a nexus between Indian agents in the country and Canadian educational institutions to facilitate illegal migration of Indians presents a sorry state of affairs in the Indian job market. However, the illegal compact between Indian agents and Canadian colleges also highlights the rotting system in Canada and the United States. Tapping the Canadian study visa route also appears to be a sensible idea, strictly from a financial perspective, because of easy education loans provided by Indian banks and NBFCs. While there is no immediate data available on the banking system’s exposure to fake overseas colleges, the ED probe warrants tightening of rules by the Reserve Bank of India for overseas study loans.
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