Drawbacks of Indian foreign policy

Indian Foreign Policy Challenges Vivekananda

  1. A big challenge for India is to maintain coherence and balance in its foreign policy. It is axiomatic that protecting and advancing the country's national interest is the goal of foreign policy. This is all right as an enunciation of a general principle; the problem lies in the practical implementation of such principles
  2. Main Advantages and Disadvantages of Foreign Trade in India are described below: Advantages: 1. Optimal use of natural resources: Foreign trade helps each country to make optimum use of its natural resources. Each country can concentrate on production of those goods for which its resources are best suited. Wastage of resources is avoided. ADVERTISEMENTS: 2. [
  3. Indian foreign policy is doing good in the western world. But the foreign policy is doing badly in the neighbors. In China everyone supported India. The main fight in the world is between small countries and China
  4. The BJP government's foreign policy and ideology intersect in interesting patterns with realpolitik and national interest. To look outward more confidently, we have to overcome four weaknesses. One, despite its size and growing influence India has one of the world's smallest corps of diplomats; we need more envoys and less politesse
  5. A country's foreign policy, also called foreign relations or foreign affairs policy, consists of self-interest strategies chosen by the state to safeguard its national interests and to achieve goals within its international relations milieu. Below are some of the advantages and disadvantages of foreign policy. Pros: 1. Economic Development Stimulation: Foreign policy can sometimes stimulat

The various developments that have affected Indian foreign policy decisions are, The emergence of the COVID-19 pandemic that led to severe restrictions on travel. Deadlock over the continuing occupation of Indian territory by China that witnessed violence at Galwanvalley Explain how India's experience with the policy of non alignment has been - as the leader of non aligned movement, and its relationship with major powers; Discuss the pros and cons of the policy of non Alignment in terms of its impact on achievement of the foreign policy objectives of india Foreign relations among different countries will enhance and makes them stronger. This theory has some drawbacks as well which are following- Mercantilism is a one way traffic. Colonialism was a direct fallout of mercantilism and everyone knows how that panned out from the United States to India Inflation- The critics of FDI argue that the presence of foreign companies in India would result in inflation in the economy. It is argued that the foreign companies tend to spend a lot of money on advertisements to attract customers. This huge amount of money spent on advertisements is compensated by increasing the prices of the goods

Advantages and Disadvantages of Foreign Trade in India

  1. Machiavelli's primary concern in The Prince is the preservation of the ruler at the helm of a princedom. However in so doing, he could not avoid mentioning certain things that touch on foreign policy. I don't know whether it would be accurate to speak of foreign policy at his time but with time his writing is perceived to have influenced some contemporary notions in foreign policy such as.
  2. The foundations of India's foreign policy were laid during independence struggle when our leaders fought the evils of colonialism and racism. India has been a victim of colonialism and imperialism and considers these as a threat to international peace and security. It firmly believes in the equality of all human beings
  3. Why foreign policy? Because assuring the Indian diaspora of help in all circumstances could become a double-edged sword. In the U.S., which is known as the land of immigrants, Indians have.
  4. The Indian Foreign Policy till 1964 was often, and rightly so, described as Nehru's Foreign Policy. The support at home and the popularity that PM Nehru enjoyed acted as imputes of foreign policy. Pakistani Foreign Policy, under the influence of the ideas of General Musharraf, has undergone a big change
  5. in India's foreign policy whereby India adhered to its commitment for regional integration and co-operation in south and south-east Asia. There was a remarkable re-orientation of India's policy towards the middle-east as there was increasing pressure. Notes www.iasscore.in Indian Foreign Policy

Panchsheel of Indian Foreign Policy. The Panchsheel of Nehru was a set of five principles to guide India's policy in conducting its foreign relations. They were: Mutual respect for territorial integrity and sovereignty. Mutual non-aggression ADVERTISEMENTS: Foreign trade may discourage the growth of domestic industries. Unrestricted imports and foreign competition might pose a threat to the survival of infant and upcoming industries in the country. Dumping policy of developed nations may cause harm to underdeveloped nations

How is the Indian foreign policy working right now? What

FOREIGN POLICY CAPABILITIES : Whether India's perceived marginalisation from global mainstream events as we enter 2021 signifies a sharp drop-off in its foreign policy capabilities is, no doubt, debatable. LION POLICY MAKING : India's foreign policy objectives are to widen its sphere of influence, enhance its role across nations, and make. The current Foreign Trade Policy is for the period 2015 - 2020 announced by the Government of India, Ministry of Commerce and Industry on 01st April 2015. Foreign trade policy needs amendments every five years and aims at developing export capability, improving export performance and structure, encouraging foreign trade, and creating a suitable balance of payments position AFTER eight years of independence India's foreign policy still gives rise to grave doubts in the Western mind. The reason for this is the acceptance of old definitions rather than an appreciation of the country's background and its human aspirations. The word neutrality as applied to India's foreign policy has little meaning. Like a hundred other oft-repeated words it has become blunted with. The disadvantages of foreign direct investment occur mostly in case of matters related to operation, distribution of the profits made on the investment and the personnel. One of the most indirect disadvantages is that the economically backward section of the host country is always inconvenienced when the stream of FDI is negatively affected

Four weaknesses India needs to overcome to build a strong

India's economic backwardness was a major factor for the adoption of the policy of non-alignment. Foreign aid was an important component for the development of India's embryonic economy and. As many scholars of Indian foreign policy have persuasively argued, a lot of India's behavior in the world stage can be explained by its quest for international status. While this was most. Such double policy is a clear cut shadow of the Kautilya's six fold policy. Kautilyan foreign policy offers the theory that an immediate neighbouring state is an enemy and a neighbor's.

It's a decent effort to be sure, and certainly does a good job of collecting in one place all the contributors to India's foreign policy. The drawbacks to the book are: (i) It lacks any references to background, supporting, or more detailed material that the reader may be interested in. No references, appendix, or footnotes In other words, this would be an opportune time for India to align its stated policy with its apparent intentions. Sharma's message, though, amounts to a categorical rejection of both facts

The government of India reduced the custom duties. The reduction in import duties has resulted in cheaper import into India. 3. Liberalisation of foreign investment :-The government of India has liberalised foreign investment which in turns has given a good boost to Indian capital market. 4. Signing of WTO Agreement : Foreign Direct Investments are one of the reason for exchange crisis at times. During the year 2000, the Southeast Asian countries experienced currency crisis because of the presence of FDls. With inflation contributed by them, exports have dwindled resulting in heavy fall in the value of domestic currency THE PROS AND CONS OF FOREIGN DIRECT INVESTMENT IN INDIA Foreign Direct Investments (FDIs) have given the Indian economy a tremendous boost. While India needs these investments to maintain a steady rate of economic growth, the government needs to tread with caution and ensure foreign investors do not take control of the Indian Foreign direct investment is, without doubt, a critical driver of economic growth. Although it has more obvious benefits, FDI still comes with its share of disadvantages. Let us outline the boon and bane of foreign direct investment in India. Advantages of foreign direct investmen

Pros and cons of foreign policy - Pros an Con

  1. In a nutshell, India will not spend on foreign countries, but the foreign countries will spend in India in the form of investments and wages. Related-11 Most Profitable Businesses in India with Low Investment. Disadvantages of Make in India. Now let's have a look the biggest disadvantages of Make in India. 1. Negligence of Agricultur
  2. es these assessments of duties and taxes differently, it is typically calculated on the value of the products sent (item, insurance plus shipping)
  3. g into an export-based super economy. In the state-wise assessment, Policy and Business Ecosystem are the highest-scoring pillars, with the Export Ecosystem being the least-scoring pillar

List of the Cons of Foreign Aid. 1. Foreign aid can increase local prices. When foreign aid is offered at any left, the goal is to help that nation create their own resource chain that can be used to create the essentials of life: food, water, clothing, and shelter. Most markets operate on the basis of supply and demand New Delhi, July 31: The Union Cabinet on Wednesday approved the National Education Policy 2020. * This is the first education policy of the 21st century and replaces the thirty-four-year-old. Announcing a new Foreign Trade Policy in April 2015, Prime Minister Narendra Modi's government said it wished to increase India's share of global trade from 2.1 percent to 3.5 percent and double exports (to $900 billion) by 2020. 19 The policy seeks to integrate the government's Make in India and Digital India initiatives Foreign investment into a domestic entity on a strategic basis is subject to FDI policy in India. The GoI through Department of Industrial Policy & Promotion (DIPP) formulates a consolidated the process of FDI on a yearly basis which is a defined framework for FDI. Most recently, reforms were made for FDI policy in India 2019

Analysis of India's Foreign policy in 202

The impact of COVID-19 and the policy response in India. Much has been written about how COVID-19 is affecting people in rich countries but less has been reported on what is happening in poor. In 2003-04 India's share in total world imports was 1% and in total world exports was 0.8%. (ix) Increased Share in Gross National Income: Foreign trade has significant contribution in Indian national income. In 1950-51, India's foreign trade contribution into national income was 12% and rose is 29% in 2003-04 Liberalisation in India: There has been a revolutionary change in Indian Economy since the espousal of the New Economic Strategy in 1991.This had great impacts on all the areas of life in India. When a nation becomes liberalised, the economic effects can be intense for the country and as well as for the investors

5) Non Alignment is one of the most - INSIGHTS ON INDI

  1. The Advantages and Disadvantages of Different Social Welfare Strategies by Lawrence H. Thompson* The following was delivered by the author to the High Level American social welfare policy. One example of this is the recognition of the important relation- ships between social welfare systems and the economy in which they exist. The stat
  2. ation of policy options weighing the pros and cons to make.
  3. Here we detail about the ten major economic policies which are followed in India and has played a major role in the growth of Indian economy. And , the policies are: (1) Industrial Policy, (2) Trade Policy, (3) Monetary Policy, (4) Fiscal Policy, (5) Indian Agricultural Policy, (6) National Agricultural Policy, (7) Industrial Policies, (8) International Trade Policy, (9) Exchange Rate.
  4. ated
  5. g a zone of conflicts if India stops thinking it would like to own it for its name. If the West allows New Delhi to build a blue water navy, it would be just a matter of time that their creation would become their nightmare. Foreign Policy News is a self-financed initiative providing a venue and forum.
  6. Pursuing education form India is affordable. Pursuing education form Foreign country is always expensive as the cost of living, food, travel, etc get added to the overall expenditure. ROI of Indian Universities is conditional and depends upon the college you are going to join. ROI of foreign universities is good

International Trade Policy Advantages and Disadvantage

Accordingly, the Government of India has been reducing the peak rate of customs duty in its subsequent budgets and removed QRs on the remaining 715 items in the EXIM Policy 2001-2002. All these have resulted open access to new markets and new technology for the country. Advantages of Globalisation 1st August 1955 (MOF A, 2017), Nepal has a relation with China. and India since their existence. Nepal's foreign relations with. China and India have evolved through different events, stages. and.

The recent revocation of article 370 and 35 A in India, making Kashmir an integral part of her, causing the utmost damage to Pakistan's foreign policy regarding Kashmir.. Currently, India with its hoax narrative, trying to isolate Pakistan in the world and endeavoring to put Pakistan in FATF blacklist.India has left no international platform, where they unjustly accused Pakistan of exporting. The Indian foreign trade policy is regulated by the Foreign Trade (Development and Regulation) Act, 1992. The New foreign trade policy 2015-20 was unveiled on 1st April 2015 at Vigyan Bhawan, Delhi. It provides a roadmap for the trade engagement of India in future. The new trade policy focuses on supporting both the manufacturing sector and the. India's crackdown on NGOs, in four charts Premium Foreign grants received by NGOs are regulated by the Foreign Contribution (Regulation) Act, 2010, or FCRA. 3 min read. Updated: 30 Sep 2020, 09. GST aims to reduce corruption and tax evasion in India. GST will positively impact the country's GDP in the long-run. GST's price hike has negatively impacted the real estate market. Several segments are seen to witness a trade-off and complexity. The Goods and Services Tax aims to reduce the number of indirect taxes and unify the Indian market

In its calculation, the time is ripe for it to pressure 32 Pakistan Foreign Policy: Challenges & Opportunities. 5. Pakistan to an extent where it can surrender on the Kashmir cause. Today, Pakistan is facing an aggressive rhetoric not only from India but also equally ominous narratives emanating from Afghanistan and Washington Since 1991, India has firmly established itself as a lucrative foreign investment destination and FDI equity inflows in India in 2019-20 (till August) stood at US$ 19.33 billion. In 1991 the unemployment rate was high but after India adopted new LPG policy more employment got generated as new foreign companies came to India and due to. New Economic Policy of India was launched in the year 1991 under the leadership of P. V. Narasimha Rao. This policy opened the door of the India Economy for the global exposure for the first time The offset policy mandates foreign suppliers to spend at least 30% of the contract value in India. The offset limit has now been increased from Rs 300 crore to Rs 2,000 crore. Israel. Ministry of Industry, Trade and Labor is in charge of the offset policy and implementation. Threshold is US$100,000 education system in india 1. education system in india presentation by naresh ravi (m.b.a 1st yr( d.b.jim)) 2. contents • introduction • history of education in india • type of education system followed in india • advantages of indian education system • drawbacks of indian education system • indian vs foreign in education system • india to do to improve education system • my.

Top 10 Advantages and Disadvantages of FDI in India

  1. gly pro-Western orientation
  2. Export incentives are provided to exporters as an acknowledgement for bringing in foreign exchange, and to compensate for the infrastructural obstacles and costs that they face. India's Foreign Trade Policy (FTP) 2015-20 highlights various export incentives made available by the government through the Directorate General of Foreign Trade.
  3. The Foreign Trade Policy 2015-20 was established with the aim of making India an important player in the global trade by the year 2020. It provides an important substructure to promote the export of goods and services, generate more employment scopes, and increase the value addition in the country. Through the Foreign Trade Policy 2015-20, the.

In India, however, the monetary policy of the Reserve Bank is not appropriately integrated with fiscal, foreign exchange and income policies. 3. Unfavourable Banking Habits: An important limitation of the monetary policy is unfavourable banking habits of Indian masses. People in India prefer to make use of cash rather than cheque Indian foreign policy is shaped by the will of our people. We will not brook another country trying to dictate our agenda. In short, no back-room deal can be struck in Beijing's favor

2. Problems of Foreign Trade in Nepal with Solution. Foreign trade is not in favour of Nepal. It is not in balance. There are several problems in foreign trade: land-locked, open border with India, high import and low export, low quality goods high cost of production, low capital formation, tough competition, lack of proper policy etc A person with dual citizenship is a citizen of two countries at the same time, which has both advantages and disadvantages because it is a complex legal status. One benefit of dual citizenship.

The foreign policy of the Richard Nixon administration was the foreign policy of the United States from January 20, 1969 to August 9, 1974, when Richard Nixon served as President. Nixon focused on reducing the dangers of the Cold War among the Soviet Union and China. His policy sought on détente with both nations, which were hostile to the U.S. and to each other Foreign Direct Investment in Real Estate in India - An Introduction Introduction: The size of the real estate industry in India is estimated to be around US$ 12 billion. As per studies, this figure is growing at a pace of 30% for the last few years. Majority of the real estate developed in India (almos FDI in India Advantages and Disadvantages Overview First of all, FDI means Foreign Direct Investment which is mainly dealings with monetary matters and using this way they acquires standalone position in the Indian economy. Their policy is very simple to remove rivals

Dual Government Of Bengal (1765-1772) And Regulating Act

Foreign Direct Investment in India is reported by the Reserve Bank of India. The FDI Report 2015 reveals that 2014 was a difficult year for FDI, with Greenfield capital investment increasing by only 1%. The number of FDI projects actually declined slightly in 2014, by 1%.The FDI in India declined from 3,500 million dollars in May, 2015 to 1749. India's import and export system is governed by the Foreign Trade (Development & Regulation) Act of 1992 and India's Export Import (EXIM) Policy. Imports and exports of all goods are free, except for the items regulated by the EXIM policy or any other law currently in force. Registration with regional licensing authority is a prerequisite. India's GDP growth has slumped so much over the last five quarters that domestic and international agencies have significantly slashed their economic forecasts. Growth slipped to a six-year low of around five percent between April and June of this year. New private investments have dived to a 16-year low

The Education System in India is rife with pros and cons. Unfortunately, it's always the cons about the education system in India that people discuss while conveniently forgetting the pros. India-bashing or criticizing everything Indian is a national pastime of our compatriots The State of the Indian Currency . Until the early 1990s (pre-reform period), anyone willing to transact in a foreign currency would need permission from the Reserve Bank of India (RBI. 6. Earning in foreign currency: One gets to earn a lot, thus building a strong bank balance. A person if moves from India to America, will earn in dollars and as the value of their currency is more, a person will earn more, this will help in the near future. 7. Meeting and tackling people of heterogeneous nature

Machiavellian Approach to Foreign Policy: Analyzing The

List of the Disadvantages of Monetary Policy Tools. 1. They do not guarantee economic growth. The implementation of monetary policy tools does not guarantee results. People and businesses have free will. They can choose to initiate more spending when rates are lowered, or they might choose to hold onto their cash Simply put, it is a government body that is composed of non-politicians but who are appointed to help in policy-making and be in charge of administrative tasks in government agencies. In government, bureaucrats implement policies, write rules and regulations and administer them on people, among others. List of Disadvantages of Bureaucracy. Key provisions of the foreign trade policy 2021-26: The policy aims to make India, an economy of USD 5 trillion, by the year 2024. This is to be done by increasing exports in both services and merchandise sectors. The policy tries to address various overseas and domestic obstacles to enhance ease of doing business and reduce transaction costs In recent years, the intake into the Indian Foreign Service has averaged between 30-35 persons annually. The present cadre strength of the service stands at approximately 850 officers manning around 193 Indian missions and posts abroad and the various posts in the Ministry at home. Visit the Foreign Service Institute Website at meafsi.gov.in Disadvantages of Make in India. Exclusion of Agriculture: India is an agrarian country with 61 percent of the total land under cultivation. But, Make in India encourages industrial development and excludes agriculture from it. Exploitation of Resources: Resources are limited in nature, while the demands of human beings have no end

Ljackson IBA301 HW Unit 6 Indian Auto - Running head Unit

Details of Principles of India's Foreign Polic

In his monetary policy statement on May 22, RBI Governor Shaktikanta Das said, India's foreign exchange reserves have increased by US$ 9.2 billion in 2020-21 so far (up to May 15) to US$ 487.0 billion - equivalent to 12 months of imports. What does the RBI do with the forex reserves Foreign direct investment FDI in Retail in India with Advantages and Disadvantages of FDI in Retail in India. In 1991 the present chief minister Dr. manmohan present the policy to develop the financial position people say fdi is like east India company but that thinking is wrong relaince and many company in India so the don't think like. Foreign I nvestment in India i s governed b y the FDI policy announced b y the Governme nt of India and the provision of the Foreign Exchange Management Act (FEMA) 1999 Economics in Today's Foreign Policy Making the world safe for democracy has been the goal of American foreign policy since World War I. After World War II, American policy sought to limit communism through containment. Between 1970 and 1989, the United States shifted to a view of the world as multipolar..

Is India's diaspora policy a double-edged sword? - The Hind

Paying Taxes. Businesses operating in India are required to make 33 tax payments a year, taking 243 hours' worth of attention. The headline corporation tax rate stands at 30%, but companies can also incur charges in the form of a central sales tax, dividend tax, property tax, fuel tax, vehicle tax, VAT and excise duty. Trading Across Borders On 3 January, 2019, parliament amended Section 16 of the Right to Education Act, popularly known as the 'No Detention Policy' (NDP).The policy guaranteed promotion through class 1-8 for all children, irrespective of their readiness. The now amended policy allows states to frame rules that could re-introduce detention in class 5 or class 8.. The rationale provided for the amendment is as. 1. Globalization may encourage more offshoring instead of less. With fewer restrictions in place at the national level, some businesses may use offshoring to their advantage. Even if they kept jobs local, the threat of sending jobs to a different, cheaper region overseas could be used to justify lower wages at home

FDI inflows in India stood at $45.15 bn in 2014-15 and have consistently increased since then. Moreover, total FDI inflow grew by 55%, i.e. from $231.37 bn in 2008-14 to $358.29 bn in 2014-20 and FDI equity inflow also increased by 57% from $160.46 billion during 2008-14 to $252.42 bn (2014-20) Realism VS Idealism in Foreign Policy Scholars and academics have always tried to provide a comprehensive explanation on the dynamics that rule the relations among States and the possibility of cooperation among different countries. The basic assumption behind the construction of the major IR theories is that we live in an anarchic world. The lack of a centralized government or enforcement [ 1.4 Foreign investment FDI in India must be undertaken in accordance with the FDI policy formulated by the government. The Department of Industrial Policy and Promotion (DIPP) under the Ministry of Commerce and Industry issues a consolidated FDI policy on an annual basis, announces policy changes during the year an The Foreign Trade Policy (FTP) 2015-20 was unveiled by Ms Nirmala Sitharaman, Minister of State for Commerce & Industry (Independent Charge), Government of India on April 1, 2015. Following are the highlights of the FTP

Foreign Policy: 16 Elements of Foreign Polic

Foreign investment in India is subject to the same industrial policy as all other business ventures, plus some additional policies and rules specially governing foreign collaboration. The first articulate expression of free India's attitude towards foreign capital was embodied in the Industrial Policy Resolution, 1948 (IPR, 1948) Free trade has several advantages, but many businesses and workers do not share the benefits of the policy. Among the disadvantages of free trade is job outsourcing that results in lost jobs, predatory pricing by foreign companies, increased vulnerability for some domestic industries and and more

The British followed a policy of non-interference in the social, religious and cultural life of the fellow Indian till 1813 AD. Their thought was to develop partial modernisation, in other words. Let's look at the disadvantages of term life insurance. 5. Unexpected. One of the major disadvantages of term insurance is that your premiums will increase as you get older. When you buy term life in your 20s or 30s, it will be much cheaper compared to when you need to renew your policy later on in your 50s or 60s. 6

Principles of Indian Foreign Policy UPSC Notes IAS34

Rising Trend of FDI in India India is a developing nation, trying to make its way up the ladder in the world economy. To achieve its goal, it requires influx of investment, both national and international. Foreign nations often keep an eye on fast-growing economies and are keen to invest in markets where they expect great interests in the future Sectoral Limits of Foreign Direct Investment. In order to facilitate faster approvals on most proposals, the government also raised the threshold limit of approval by FIPB from the earlier 3000 crore rupees to 5000 crore rupees. As per the policy, FIPB considers foreign investment proposals of inflow up to 3000 crore rupees, and those above. The Indian Government's favourable policy regime and robust business environment has ensured that foreign capital keeps flowing into the country. The Government has taken many initiatives in recent years such as relaxing FDI norms across sectors such as defence, PSU oil refineries, telecom, power exchanges, and stock exchanges, among others However, in this policy, industries reserved for the small scale sector were continued to be so reserved. Foreign Investment and Capital. This was the first Industrial policy in which foreign companies were allowed to have majority stake in India. In 47 high priority industries, up to 51% FDI was allowed

What are the Disadvantages of Foreign Trade

As the name suggests, it is an investment by foreign individual(s) or company(ies) into business, capital markets or production in the host country. Foreign direct investment policy in India is regulated under the Foreign Exchange Management Act (FEMA) 2000 administered by the Reserve Bank of India (RBI) The policy was unveiled at a sensitive time for the south Indian state given the impact of COVID-19 and the need for a clear strategy to attract investment, create jobs, and incentivize industrial growth. Overall, the new industrial policy seeks to attract investments worth INR 5 trillion (approx. US$66.89 billion)

India's Foreign Policy Priorities in 2021 UPSC IASbha

Disadvantages of liberalisation. Economic destabilisation - Such a severe economic reform led to the redistribution of political and economic power that destabilised the Indian economy to quite an extent. Increased competition from MNCs - In the period pre-liberalisation, multinational companies had no role to play in the Indian economy Pakistan 's relations and problems with India have greatly influenced its foreign policy options and security issues, but we will talk about Indo-Pak relations later on. 2. Relations with all states: The second feature of Pakistan 's foreign policy is the relations with all states

5. FOREIGN DIRECT INVESTMENT • Foreign direct investment (FDI) is a direct investment into production or business in a country by an individual or company of another country, either by buying a company in the target country or by expanding operations of an existing business in that country. • Foreign direct investment is in contrast to. India is still a country of partial convertibility (40:60) in the capital account, but inside this overall policy, enough reforms have been made, and to certain levels of foreign exchange requirements, it is an economy allowing full capital account convertibility. Following steps have been taken in the direction of capital account convertibility The first significant foreign intervention by the United States was the Spanish-American War, which saw it occupy and control the Philippines. In the wake of the First World War, the non-interventionist tendencies of U.S. foreign policy were in full force. First, the United States Congress rejected President Woodrow Wilson's most cherished. The Bill amends the Foreign Contribution (Regulation) Act, 2010. The Act regulates the acceptance and utilisation of foreign contribution by individuals, associations and companies. Foreign contribution is the donation or transfer of any currency, security or article (of beyond a specified value) by a foreign source Why the National Education Policy is needed. What are the key takeaways? The NEP proposes sweeping changes including opening up of Indian higher education to foreign universities, dismantling of the UGC and the All India Council for Technical Education (AICTE), introduction of a four-year multidisciplinary undergraduate programme with multiple exit options, and discontinuation of the M Phil.