0
   

make a deposit of at least $12 million to regulators?

 
 
Reply 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.
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JTT
 
  1  
Reply Wed 11 May, 2011 10:26 pm
@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.
oristarA
 
  1  
Reply Wed 11 May, 2011 11:25 pm
@JTT,
Thank you
0 Replies
 
 

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