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Wed 11 May, 2011 08:25 pm
What does it mean? It cannot be "give the deposit to the regulators."
Context:
India is also hoping that foreign univer-
sities will help raise the game of indigenous
institutions by offering competition. The
Indian Parliament is considering a proposal
that would provide the legal framework for
overseas institutions to set up shop in India.
Parts of the bill have raised concerns about
built-in barriers, including a provision that
would ask foreign institutions to make a
deposit of at least $12 million to regulators
before opening a campus in India. That has
deterred potential suitors, including the Geor-
gia Institute of Technology in Atlanta and the
University of California, Berkeley.
@oristarA,
Make or give a deposit to someone doesn't usually mean that the money will never be returned, Ori. It's meant to ensure that one party to a contract lives up to what's required of them.