A third New Zealand university is close to signing with Mumbai’s Bombay Stock Exchange Institute, opening up opportunities for Indian students to study in Aotearoa.

The Bombay Stock Exchange Institute is a subsidiary of Bombay Stock Exchange, which at 148 years old, is the oldest stock exchange in Asia.

Managing director and CEO of the Bombay Stock Exchange Institute Ambarish Datta said it was a privilege to partner with universities in New Zealand.

“New Zealand education is recognised worldwide, and students are offered a fantastic opportunity to learn in a great country,” he said.

The University of Canterbury signed a memorandum of understanding in late 2018, allowing students to study in New Zealand for two of its master’s programmes.

It allows students to start their course in India and then travel to New Zealand to graduate while still qualifying for a Post Study Work Visa.

University of Canterbury Business Taught Masters programme director Stephen Hickinson said the agreement was beneficial to universities because they get students in different levels of study.

Cheaper for students
“It is also cheaper for students because they spend the first half of their study in India.”

The University of Otago reached agreements with five Indian institutions in 2017.

International director Jason Cushen said staff were also looking to develop further partnerships across India, particularly in the southern region and in the state of Maharashtra.

He said these programmes offer more opportunities for international students that may not be accessible in their home country

RNZ understands that another New Zealand university is in the final stages of signing an agreement with the Bombay Stock Exchange Institute.

A spokesperson for the institute said they are currently finalising the curriculum and planning to start the programme by February next year.

Covid-19 impact
According to a recent Education New Zealand study, international students contributed $3.7 billion to New Zealand’s economy in 2019, with a sizeable portion going to universities.

But the pandemic changed everything.

“We started the course in 2019 and then covid hit, so we have only had a few students so far,” Hickinson said.

“At the moment, it’s a little unknown how things will turn out.”

Education Minister Jan Tinetti and Finance Minister Grant Robertson recently announced extra funding for struggling universities and tertiary institutions.

An additional $128 million will be invested to increase tuition subsidies at degree-level and above by a further 4 percent in 2024 and 2025. This is in addition to the 5 percent funding increase that was included in the 2023 Budget, which the government described as the most significant funding increase in 20 years.

“The government has heard the concerns of the sector,” Tinetti said.

“When we began our Budget process, universities and other degree providers were forecasting enrolment increases. The opposite has occurred, and it is clear that there is a need for additional support.”

A new approach
However, Quality NZ Education chief executive Sandeep Sharma believed the pandemic offered a fresh perspective.

The organisation was formed during covid-19 and played a major role in creating the pathway programmes that connect Indian students with New Zealand universities.

“The pandemic was a good time for us because all our shareholders were in New Zealand, and they found that the pandemic [changed] a lot of things in the education industry, especially the traditional way of recruiting students,” he said.

He mentioned that there was considerable interest among Kiwis to go to India to learn about “wellbeing, Ayurveda and yoga”.

Sharma believed that it was time for universities to introduce programmes that were not dependent on border control.

He also highlighted the importance of Indian contributions to New Zealand’s education sector in the coming years.

“India is going to be the largest pool of international students, overtaking China by 2027,” Sharma said.

“It’s vital to have these pathway programmes and I think New Zealand should capitalise on these opportunities.”

This article is republished under a community partnership agreement with RNZ.

Article by AsiaPacificReport.nz

New Zealand Prime Minister Chris Hipkins faced a grilling by University of Otago students during his trip to Ōtepoti yesterday.

Students, staff and community members have been fighting against the university’s request for staff to consider redundancies in a bid to save $60 million.

But the students did not keep their questions to cuts alone.

Hipkins got a mixed welcome with protesters chanting and asking for selfies with the prime minister.

Associate professor of politics Brian Roper said staff were already finding out that their courses were being cut and they were losing their jobs.

“I bumped into one of them. She was in tears, she’s absolutely distraught. What this government is doing to our universities is scandalous,” he said.

“Five out of eight of them are currently experiencing severe financial difficulties because of a chronic underfunding from this government.”

Declining enrolments
Hipkins said declining enrolments meant universities across the motu were finding ways to rebalance their books.

“I know that’s a really uncertain and uncomfortable time for the staff. The universities make their own decisions about how they manage their finances so it’s not something we can intervene on as a government.”

The prime minister attended a student association forum yesterday afternoon, making a speech before opening the floor to questions from students.

“I was just in a lecture where we’re doing course evaluations and my lecturer was begging the class to give a positive evaluation to keep her job. We have a $60 million budget hole, why can’t you just fix it?”

Hipkins said there was a lot of demand on the government’s coffers, and they could not cover all of the requests they got.

He offered no policy promises, telling students they would hear them well before the election

“Our rent has increased, the university’s spiralling down. I’m just thinking why on Earth should I be voting for you?” one student asked.

‘Most political answer’
Hipkins said: “I’ll probably give you the most political answer I’ve given you so far. The biggest increase in tertiary funding that we’ve seen in 20 years in this year’s Budget versus a government that actually wants to do the opposite of that.”

But his responses in regards to the National Party did not go over well with multiple students telling him to stop the blame game or saying what the opposing party would not give them, and instead tell them his policies and what he would deliver.

A yellow-suited monkey has become a feature of recent university protests — they want the government to bail out the university to save jobs and courses.

“I have a banana addiction as a monkey, but my Bachelor of Arts is being cut and I think that’s appalling. Millions and millions of dollars are sitting there which could bail out our university for underfunding, but he’s just not spending it, which he needs to,” the monkey said.

Earlier in the day, Hipkins toured KiwiRail’s Hillside Workshops in South Dunedin as it works on a multi-million dollar redevelopment to build a new wagon assembly facility.

Then he swapped a hard hat for a console, visiting three gaming development studios, after announcing $160 million to set up a 20 percent rebate for game developers in the recent Budget.

Hopeful over rebate
Balancing Monkey Games co-founder Sam Barham is hopeful the rebate could help them hire more staff and continue to do what they love.

Currently, he said developers made most of their money straight after releasing a game and then lived off that until they released another one.

“It makes a huge difference in terms of our ability to survive. It’s not the least risky business out there so we’ve got to think about how do we keep going. Our main aim is to still be doing this. It’s a thing that we love doing.”

The details of the rebate will be consulted on, but up to $3 million in rebate funding is likely to be up for grabs per year for individual studios.

This article is republished under a community partnership agreement with RNZ.

Article by AsiaPacificReport.nz